In this week’s Live from the Vault, the author of the Mining Stock Journal, Dave Kranzler, joins Andrew Maguire once again to contemplate the changing dynamic of how paper and physical markets interact.
As the Russian currency keeps strengthening, the two precious metals experts delve into the monumental ramifications of pegging the Ruble to gold, and the possible emergence of a new monetary system.
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Timestamps
00:00 Start
03:00 About Dave Kranzler and the Short-Seller’s Journal
07:00 A word about Twitter and Elon Musk
08:20 What’s going on with the paper vs physical market and the Ruble?
13:00 Tectonic changes caused Russia’s oil-for-gold trade decree…
17:35 …and the monumental consequences for the monetary system
21:50 Gold price revaluation - witnessing history in the making!
26:45 Silver, short positions and the Basel III
33:00 The Achilles’ heel of the paper market
35:00 How many Americans actually own physical gold?
37:00 Lacking education about the difference between gold, real money and fiat
42:00 Dave Kranzler’s Mining Stock Journal - and mining in general
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Our story
We believe your money should be fair, tangible and honest.
Our vision
Our vision is to open up the true, enduring value of physical gold to the world, within a monetary system that introduces access, value and efficiency to all, while rewarding everybody who participates.
Our story
In 2011, the early imaginings of what would later become Kinesis were percolating in the mind of Thomas Coughlin, CEO. Thomas Coughlin envisioned a transformation of the global monetary system, a transformation that echoed the radical innovations he had made in the precious metals trading sphere, years earlier. Emergent technologies were fast catching up with the vision he had long held of a revolutionary new approach to money; where physical gold and silver were currencies digitally integrated within the economy, where all participants in the economy were rewarded equally.
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Over 10 years’
Experience
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Users
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Since its inception, Kinesis has achieved that which was assumed unachievable. Not least the technological feat of digitalising the timeless value of gold into spendable currency, integrating seamlessly with all financial infrastructure, old and new. In deriving a passive yield from gold, the Kinesis yield engine has accomplished what thousands of years of economic history could not. However, the impact of Kinesis financial technology extends beyond the monetary. Kinesis’ fair remittance provision and mobile financial access are changing the lives of financially underserved citizens in developing nations the world over.
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Industry Leaders in the commodities and exchange spaces
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Prior to the conception of ABX in 2011, the precious metals trading industry was ingrained with systemic inefficiencies and run on archaic trading practices, where manual trading and open outcry were the norm. The manual trading process was problematic, expensive and inefficient, and in desperate need of transformation.
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