Buy, Manage and Spend Gold, Silver and Crypto | Kinesis (2024)

FAQs

What does Dave Ramsey say about buying gold and silver? ›

I'd stop investing in gold and silver completely. I don't put money in precious metals at all, because they have a lousy long-term track record. — Dave Ramsey is CEO of Ramsey Solutions.

Some analysts recommend allocating 5–10% of your portfolio toward gold and silver. Others suggest allocating up to 25%. So you may be wondering, “How much gold and silver should I own?” It depends on your situation and needs.

Popular precious metals dealers like APMEX, SD Bullion and Sharps Pixley directly accept crypto at checkout via BitPay. Spend crypto with any gold and metals dealer when you use the BitPay Card. Using crypto to buy gold, silver and rare coins is easy with BitPay. at checkout, select BitPay as your payment method.

Kinesis was founded by Allocated Bullion Exchange (ABX), a leading institutional exchange with over 10 years of experience trading fully allocated precious metals globally.

However, in comparison to gold, silver is more abundant on Earth, which means it doesn't have as much upside potential as an investment. Silver remains an attractive investment option in 2024, mainly as a hedge against inflation and other economic uncertainties.

The Bible says God created the world and the elements within it. Gold is depicted as an asset of value. “The silver is mine, and the gold is mine, saith the Lord of hosts.” Gold and silver are products of God – they are not a creation of man.

Why $1000 per Ounce Silver is Unlikely to Occur. The price of silver is currently just over $30 per ounce. At its peak, silver was trading around $50 per ounce, so it would have to rise by 2/3 to reach the $50 mark. It would need to increase about 32x to reach $1,000 an ounce from today's numbers.

Market Conditions.

In times of high inflation or economic instability, increasing your gold holdings can provide a hedge. During stable economic periods, holding more cash may be beneficial.

Dividing the total amount of money by the price per troy ounce gives us the total ounces of gold that one can purchase. Therefore, $100,000 divided by $2,018.39 equals approximately 49.57 troy ounces of gold.

Through VeraCash, you can save money and make payments using precious metals! With an account, a payment card and a currency all backed by physical gold and silver, escape the traditional banking system without changing your habits!

Is it smart to buy gold and silver? ›

Are gold and silver good long-term investments? Gold and silver, as well as other precious metals, are typically long-term investments. Silver tends to be more volatile than gold, but gold is generally perceived as a long-term tool for preserving your assets.

The only way to make money investing in gold is if the price goes up. There is no stream of income associated with the investment. Other investments provide income in addition to gains from price appreciation. For example, stocks can earn dividends, bonds can earn interest and investment real estate can earn rent.

Secure and fully insured vault storage

Through ABX, Kinesis is able to access robust global vaulting infrastructure, ensuring all precious metals are safeguarded to the highest standards.

Kinesis Money is considered to be a safe investment platform as it combines the benefits of blockchain technology with the stability of backing its digital currencies with tangible assets like gold and silver.

Kinesis Industry Co. Ltd. is a manufacturer of aluminum and carbon fiber bicycle frames, forks, and components. Based in Taiwan, it has a plant in Guangzhou, China, and an American subsidiary (Kinesis USA, Inc.)

To him, gold is the “classic case” of an investment that doesn't produce anything. The only way you make money from investing in gold is by hoping someone pays a higher price for it later.

Let's debunk some misconceptions about precious metals reporting; it's not the gold or silver you're buying or selling that the government wants reported, but rather the cash transactions exceeding $10,000. If you pay in paper money, and it's over this threshold, that's when the IRS requires a Form 8300.

Commodities like gold are speculative, so you should only invest what you can afford to lose. Orman recommends putting no more than 5% of your investments into commodities.

The easiest way to invest in gold and silver is to buy one or more exchange-traded funds (ETFs). The key advantage is that they are extremely liquid, and you can buy or sell them within your brokerage account. This allows for easy portfolio rebalancing and an inexpensive and hassle-free buying/selling process.