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EdNug

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  1. Thanks
    EdNug reacted to sixgun in Gold / silver money standard, will it ever happen?   
    The Kinesis currency system is an extension of the Allocated Bullion Exchange - the ABX is a trading platform where gold and silver are traded. The bullion is stored in third party vaults in multiple centres - London, New York, Hong Kong, Dubai, Singapore, Zurich and Australia. These are vaults such as Brink's-Matt. 
    i have personally bought and sold bullion on the ABX. i didn't have any issues - it has been going for several years now. https://abx.com
    The ABX got into a relationship with BullionCoin back in 2017 - this was to be a digital currency - this is how long i have been involved. Then there was a falling out about who had a claim on the metal - BullionCoin said they should have claim on the metal - the ABX said it must be the customers who bought it. The ABX then regrouped and developed Kinesis. The driving force behind this is to break the rigging of the precious metal markets which one might argue is the reason they could be attacked - but Kinesis knows that.
    Gold and silver is bought - it is stored in the vaulting system but title of ownership issued is the KAU (gold) and KAG (silver). This is a record on the blockchain. These records are held in the owners Kinesis wallets. The Kinesis coins can be sent between wallets - to just send coins, to buy something and when you sell the coins on the Kinesis Exchange. A debit card will be launched later this summer. This is being done with Contis for UK and EU and Unified Signal in the US. You will be able to use your card wherever you see the VISA and Master card signs. Coins will be sold on the fly for the necessary fiat to pay the bill. From memory coins are divisible to 5 decimal places - so you only sell exactly as much as you need.Transferring coins between wallets comes with a transaction fee - this fee drives the system. The difference between Kinesis and everything else i know is coins are fully backed by gold or silver. They are title of ownership. Those contributing to the system get a share of the transaction fees. 
    So if you hold coins you will get a holder's yield - you put money into the system. If you mint (create) coins by buying gold and silver in the Kinesis Mint you will get a yield starting when you sell/spend/transfer the coins to another wallet and then a share of the fees indefinitely. If you put money into the start up by buying KVT's you will get an indefinite yield. There are various yields which are a share of the transaction fees. 
    So yes the system needs coins to be minted and move between wallets. If there were no movements and a tiny volume the system would eventually fail. If a business had no customers it would fail. When you look at the turnover (velocity) of the majority of cryptos it is mind boggling - Kinesis only needs a fraction of this to give good returns.
    Kinesis has done several deals in Indonesia which involve the government, Post Office, Commodities Exchange.... - so they have strong backing. The PM of neighbouring Malaysia very recently came out saying SE Asia needs a gold backed currency. Kinesis has recently been very active in Africa. They also have been active in the Gulf which includes Royal families there. 
    The idea is sound - getting involved is encouraged by the yield system (profit share). It is the best asset backed digital currency system i have seen. The Minter's yield has the potential to suck in many $billions in gold and silver.
    We will see - i am very optimistic.
     
  2. Like
    EdNug reacted to cjj in Gold / silver money standard, will it ever happen?   
    Kinesis.money is the future - blockchain allocated precious metal. Why aren't we all in the precious community going crazy about this. It's stored allocated metal, digitalised via blockchain for easy transactions using debit card. With a POSITIVE YIELD! No storage fees. It's unbelievable and why is this not major news rippling through the community. I implore you to check it out as it will be disrupting the entire market space
     
    https://www.youtube.com/watch?v=z46UvutJ8v4
     
  3. Like
    EdNug reacted to Ryland in Gold / silver money standard, will it ever happen?   
    I don’t agree.  Look at the Nazis taking from the Jews, United States taking from the Indians, England taking from Africa, India, Asia... basically everyone!  Was any of that morally justified?  What’s important is the rule of law.  Moral and ethical laws written for all time.  One might even call that religion?   Moral and ethical law and culture are key to having a stable civilization, out of that should come sound money.  This is actually the key question of humanity and brings up old arguments that have been long forgotten such as usury as defined by the charge of ANY interest on money lent. 
  4. Like
    EdNug reacted to sixgun in Gold / silver money standard, will it ever happen?   
    When someone says you are biased it usually means that person is saying you are wrong - unfair or at least not assessing the evidence evenhandedly. Confirmation bias is where you seek out people, articles, video.... which reinforces and confirms your views. i can imagine if i went over the videos watched by members i would find a disproportionate number about precious metals and i expect almost all of them would be saying precious metals are a good thing - buy more, they are going to do well. This is what you already believe and your beliefs are echoed back at you. The videos are confirming your bias in favour of precious metals. Now that doesn't mean your bias is unfounded and grounded. You make the case there is ample evidence to support your bias (i am pretty sure you personally have). i happen to agree with you, i have a strong bias towards precious metals. Looking at the case for precious metals as objectively as i can, i conclude the case for precious metals is stronger than ever - some might say i am such a gold and silver bug that isn't possible for me to be objective anymore - i would tend to agree. You become so invested financially and emotionally in a particular position you blot out evidence that is negative to whatever it is you support. This is the problem with stocks people 'fall in love with'. They will hang onto them way beyond the point they should have got rid. They will hang onto their pile of silver coins when they ought to have sold them off at least some of them off and got Bitcoin or whatever. 
    i think it is useful from time to time to sit down and look objectively at what you are doing and assess whether this is the right thing. You might conclude it isn't - you might conclude you have become unbalanced - you have become biased. i am as biased as hell. My nagging doubt is perhaps i have some precious metal - perhaps there is some sort of financial calamity - then what? Will this precious metal be able to do me any good? This is in part why i recommend if people think there will be a calamity that they amass that which would be useful in a calamity - food - a supply of water - energy - protection - perhaps they decide to move or have somewhere they could move to. There are lots of things to think about, more than a pile of gold and silver coins.
  5. Like
    EdNug got a reaction from campbellgs in Gold / silver money standard, will it ever happen?   
    But our informed bias is rooted in historical objectivity and chemical reality, which makes it a little more than bias.  Gold and silver do not gain or maintain monetary value just through collective bias, their elemental values have been recognized by most of humanity for at least 5000 years - as rare, dense, stable, desirable, useful, non-radioactive, non magnetic, super conductive, finite, very difficult to counterfeit and yet globally available elements gold and silver are the best available vehicles we have to use as a universal and standardisible means of exchange and store of value. It took the globalist banksters till 1971 (and half a century of poverty and war) to convince the majority of the world otherwise - I would argue that it is their bias towards intrinsically worthless debt-based bank notes that has led to people 'not caring' and becoming ignorant of the universally recognised monetary importance of gold and silver.
    Think of any other commodity in the known universe and i guarantee you there will be at least one massive fundamental reason why, in comparison to gold and silver, it is totally unsuitable for use as a store of value and means of exchange. Gold is the timeless heavyweight constant and silver its slinky little sister, everything else changes around them.
    (Don't quote me on this this but I'm pretty sure that gold is formed when stars go supernova and the reason that we are blessed with so much of it on this planet is because our solar system was originally a binary system but one of the stars went supernova billions of years ago, thus splattering the Earth with an abundance of rare elements inc gold - if that isn't reason enough to value gold as money then nothing ever will be!) 
  6. Confused
    EdNug reacted to DarkChameleon in Gold / silver money standard, will it ever happen?   
    Fiscally responsible?..the boss has stolen hundreds of billions, his buddies have stolen as much again, fiscally responsible as the Philippines were under Marcos, Any African nation?, despotism and open theft and killing and suppression of democracy is not fiscally responsible, it's just trotting along to the next revolution.
  7. Like
    EdNug reacted to LootGoblin in G'day Everybody   
    Hello world, 
    Videos from your members Backyard Bullion & Numistacker has awoken this loot goblin all the way in Australia.

    and now i am here. 

     

  8. Like
    EdNug got a reaction from silverdocket in Gold / silver money standard, will it ever happen?   
    Gold registered on a blockchain, securely monetised through cryptography and stored in a regularly audited and transparent facility is as secure and solid as money can get. Venezuela have created a (sadly sanctioned) commodity-backed crypto, Russia are talking about launching a gold-backed crypto for inter-state trade, the Prime Minister of Malaysia is suggesting a gold-backed inter-state Asian currency; then there are the personal gold-backed crypto projects of Kinesis, Gold Money and, undoubtedly, a few more.
    When gold is remonetised via encryption, the blockchain and transparent auditing it defeats the issue of currency debasement, makes gold practically divisible down to the fraction of a grain, increases its liquidity and velocity and negates the need to carry or personally store any physical metal.
    Gold is already being remonetised, and where gold goes silver will likely follow - there is no demand for it yet, but as the silver fiat price takes off and the financial infrastructure is built for blockchain gold then silver will soon be monetised in the same way.  I envision blockchain registered private 'banks', made accountable to government oversight, at which one can deposit ones gold and/or silver in an encrypted digital account and spend/receive it in the contemporary ways.
    Encryption and blockchain technology makes it very easy to monetise all PMs, though the central banksters and their lackey politicians and institutions will seek to resist it for as long as possible.
  9. Thanks
    EdNug got a reaction from LoveSilver in Gold / silver money standard, will it ever happen?   
    The only complication i can see with this prediction is that many states lack the quantity of standardisible liquid assets to make their own asset-backed cryptos possible. PMs are the only things that really work in terms of hard assets because the quality and cost of oil varies greatly and the same applies to gem stones. Its the elemental qualities of Ag and Au that give them their real value.
    If your scenario does come to pass then more than a few countries (UK included) will have to adopt foreign gold-backed currencies just to survive. Their mission then would be to accumulate enough gold to launch their own.  Most governments would probably be so daunted by the responsibility and complexity of the task they'd rather pass it up to the regional free trade zone bureaucracies - the EU, ASEAN, NAFTA etc. But, once authority and the decision making process is elevated above that of the publicly accountable state the greedy international banksters will be able to fiddle it and debase just as they always have done. (There's been an interesting argument recently about whether Italy's gold should be stored by the Italian government or by the EU - the EU aren't happy that the Italians have asked to have their custody back.) Which is why I firmly believe that, at the personal level, heavily reformed privately owned banks registered to a publicly accessible blockchain and accountable to government oversight are the most likely future. (Private ownership would also include community ownership, like the credit unions.) At the state level, countries with little to no gold had better figure out how to start cultivating profitable trading relationships with the countries who do have healthy stocks of the heavy elements.
  10. Thanks
    EdNug got a reaction from MickD in 10 oz Silver Bars + Mongolian Owl   
    2 x  NTR 10 oz .999 Sealed Silver bars (USA) @ £150 ea + postage
    1 x  Skull n Bones 10 oz .999 Hand Poured Silver Loaf bar (USA) @ £160 + postage
    2 x  2016 10 oz .999 Silver Kookaburra @ £165 + postage 
    3 x  2016 1/2 oz .925 Ag Mongolian Owl, Gilded @ £36 + postage  (mtg 2500)
    UK Bank Transfer or Bitcoin/Litecoin GBP equivalent
     
     










  11. Like
    EdNug got a reaction from Tn21 in 10 oz Silver Bars + Mongolian Owl   
    2 x  NTR 10 oz .999 Sealed Silver bars (USA) @ £150 ea + postage
    1 x  Skull n Bones 10 oz .999 Hand Poured Silver Loaf bar (USA) @ £160 + postage
    2 x  2016 10 oz .999 Silver Kookaburra @ £165 + postage 
    3 x  2016 1/2 oz .925 Ag Mongolian Owl, Gilded @ £36 + postage  (mtg 2500)
    UK Bank Transfer or Bitcoin/Litecoin GBP equivalent
     
     










  12. Thanks
    EdNug got a reaction from augur in Gold / silver money standard, will it ever happen?   
    Gold registered on a blockchain, securely monetised through cryptography and stored in a regularly audited and transparent facility is as secure and solid as money can get. Venezuela have created a (sadly sanctioned) commodity-backed crypto, Russia are talking about launching a gold-backed crypto for inter-state trade, the Prime Minister of Malaysia is suggesting a gold-backed inter-state Asian currency; then there are the personal gold-backed crypto projects of Kinesis, Gold Money and, undoubtedly, a few more.
    When gold is remonetised via encryption, the blockchain and transparent auditing it defeats the issue of currency debasement, makes gold practically divisible down to the fraction of a grain, increases its liquidity and velocity and negates the need to carry or personally store any physical metal.
    Gold is already being remonetised, and where gold goes silver will likely follow - there is no demand for it yet, but as the silver fiat price takes off and the financial infrastructure is built for blockchain gold then silver will soon be monetised in the same way.  I envision blockchain registered private 'banks', made accountable to government oversight, at which one can deposit ones gold and/or silver in an encrypted digital account and spend/receive it in the contemporary ways.
    Encryption and blockchain technology makes it very easy to monetise all PMs, though the central banksters and their lackey politicians and institutions will seek to resist it for as long as possible.
  13. Thanks
    EdNug got a reaction from goldmember44 in Gold / silver money standard, will it ever happen?   
    Gold registered on a blockchain, securely monetised through cryptography and stored in a regularly audited and transparent facility is as secure and solid as money can get. Venezuela have created a (sadly sanctioned) commodity-backed crypto, Russia are talking about launching a gold-backed crypto for inter-state trade, the Prime Minister of Malaysia is suggesting a gold-backed inter-state Asian currency; then there are the personal gold-backed crypto projects of Kinesis, Gold Money and, undoubtedly, a few more.
    When gold is remonetised via encryption, the blockchain and transparent auditing it defeats the issue of currency debasement, makes gold practically divisible down to the fraction of a grain, increases its liquidity and velocity and negates the need to carry or personally store any physical metal.
    Gold is already being remonetised, and where gold goes silver will likely follow - there is no demand for it yet, but as the silver fiat price takes off and the financial infrastructure is built for blockchain gold then silver will soon be monetised in the same way.  I envision blockchain registered private 'banks', made accountable to government oversight, at which one can deposit ones gold and/or silver in an encrypted digital account and spend/receive it in the contemporary ways.
    Encryption and blockchain technology makes it very easy to monetise all PMs, though the central banksters and their lackey politicians and institutions will seek to resist it for as long as possible.
  14. Like
    EdNug got a reaction from sixgun in Gold / silver money standard, will it ever happen?   
    Gold registered on a blockchain, securely monetised through cryptography and stored in a regularly audited and transparent facility is as secure and solid as money can get. Venezuela have created a (sadly sanctioned) commodity-backed crypto, Russia are talking about launching a gold-backed crypto for inter-state trade, the Prime Minister of Malaysia is suggesting a gold-backed inter-state Asian currency; then there are the personal gold-backed crypto projects of Kinesis, Gold Money and, undoubtedly, a few more.
    When gold is remonetised via encryption, the blockchain and transparent auditing it defeats the issue of currency debasement, makes gold practically divisible down to the fraction of a grain, increases its liquidity and velocity and negates the need to carry or personally store any physical metal.
    Gold is already being remonetised, and where gold goes silver will likely follow - there is no demand for it yet, but as the silver fiat price takes off and the financial infrastructure is built for blockchain gold then silver will soon be monetised in the same way.  I envision blockchain registered private 'banks', made accountable to government oversight, at which one can deposit ones gold and/or silver in an encrypted digital account and spend/receive it in the contemporary ways.
    Encryption and blockchain technology makes it very easy to monetise all PMs, though the central banksters and their lackey politicians and institutions will seek to resist it for as long as possible.
  15. Like
    EdNug reacted to sixgun in Gold / silver money standard, will it ever happen?   
    Some countries have enough gold and some have sold their gold.
    Circulating gold and silver will never come back outside of a Mad Max situation - but asset backed cryptos are happening - in July Kinesis goes live (God willing) and you will have a 100% 1:1 gold and silver backed currency. So to say it will never happen isn't true b/c it is happening.
    There is a lot of talk about gold being used in Asia - it is being used between countries - it is happening. They are dumping the USD and using gold trade notes and local currencies, settling the balance with gold. 
  16. Like
    EdNug reacted to PansPurse in Trump   
    HAhahahahahah Hahahahahaaha Hahahahahahaha literally what planet are you on?!?
  17. Like
    EdNug got a reaction from motorbikez in Brexit status ...   
    Seems the EU have got plans to drag Brexit negotiations out for another two or three years by being intentionally obstructive and non-co-operative in trade talks, but they've got a leak
  18. Like
    EdNug reacted to savoyard in Brexit status ...   
    I met quite a few British students in the Netherlands and Germany, all of them enjoying free education (and in English, too) and much more intelligent than the average prats that populate our high streets on Friday/Saturday nights. All this will end for them if Britain goes gung-ho hard Brexit. 
  19. Like
    EdNug reacted to augur in Today I Received.....   
    Some addition to my 0.900 bullion bag

  20. Like
    EdNug reacted to Oldun in Brexit status ...   
    Do we have to rehash these desperate attempts by others to avoid facing up to the reality of a democratic referendum result ? Incredible. For the millionth time, the country voted to leave and no amount of boohoo crybaby after the event histrionics can change that.
  21. Like
    EdNug got a reaction from Derv in Brexit status ...   
    You obviously haven't read or watched the work of the highly connected military lobbyist David Ellis yet - this is a good starting point: https://www.ukcolumn.org/article/emergency-briefing-defence-and-security-david-ellis
    He is very open and public about his communications with MPs re. the EDU and he would not say that the whips are preventing open debate about it unless he was absolutely certain. It would be the end of his career.
    (As for 'the conspiracy', I've had a Twitter account in the past so am well familiar with it as a platform: a couple of weeks ago i opened a new account, sent one (very polite) tweet to May and one to Corbyn asking about the EDU and promptly got the account suspended for 'suspicious behaviour', within three minutes of opening it. My appeal to reopen it was unsuccessful. I certainly didn't break any of Twitters rules or disguise my identity so why was my account shut down so swiftly?)
    I strongly suggest you grapple with the sources and information before you trot out that tired old sleight about tinfoil hats. It is most tiresome, aged and childish - 2019's model is made out of 5mm thick lead!
  22. Like
    EdNug got a reaction from Derv in Brexit status ...   
    You obviously haven't looked into the European Defence Union - regardless of what people think they're voting for, Britain will still be signing over control of our ENTIRE security apparatus to centralised EU command and control.  Its a done deal.  From the cops to intel services, every branch of the military and all associated resources, technologies and capabilities. This is not part of the Brexit negotiations. We will also be subject to their rule and authority, just like the French Yellow vests are finding out now with all those Israeli-trained foreign militarised police shooting protestors eyes out with their 'non-lethal' rounds.  When the masses discover this and those brutal thugs are sent over to police the protests the protests WILL become riots and there WILL be blood in the streets.  This is what the political classes know but aren't telling.  I'm pro-Brexit because the EU is a dictatorial corporate nightmare doomed to collapse, but this is not going to end well.
    (Edit:) Farage and the other 'big' politicians need to be bombarded with questions about this on their Twitter accounts - this is the only way that it can be brought into the public consciousness. The politicians who claim they will lead us out of the EU without talking about the EDU are not being honest with the nation.
    (Edit II) When a state signs away its monopoly of violence can it still be considered a state?  Clue: the answer is 'No'.  This is central bankster Ziocolonialism in action
  23. Haha
    EdNug reacted to Stu in Brexit status ...   
    Must be great to know it all. The tories in pole position with 9%, share of the vote! To quote Blackadder, this has more twists and turns than a twisty turney thing. 
  24. Like
    EdNug reacted to V1ctorzd in Hello eh?   
    As a running joke we call them Meese lol
  25. Like
    EdNug reacted to KDave in Brexit status ...   
    You are correct, there is no evidence that gas chambers were used, the chemicals claimed to have killed people were not available in sufficient quantity to kill a single million never mind six, but the conditions in the camps led to the deaths of hundreds of thousands. When the food supply to the camps were cut off at the end of the war because the entirety of Europe was starving, those in the camps were left to die. The Holocaust indoctrination in schools and by Hollywood was needed as a tool and has been very successful for the shaping of western ideology, the creation of Israel, and more. It is what it is. 
    Yes Boris is a bought man so are the rest, they all come with strings. He didn't support May's deal and is entertaining to watch so the best option imo. I also think he is our best shot at a Hard Brexit.