/biz/ - Business & Finance

>>22642402
>>22640595
>Andrew Maguire
I started searching info about him and he seems trustworthy, reputable. He is basically waging war against the commodities fraud market himself. However, I also came across Kinesis. I'm kind of having a hard time wrapping my head around how it works but it's basically an exchange that combines fiat, crypto and PHYSICAL commodities! They promise full physical hedging, free holdings and even yields for using it. I've been reading what people have been saying about it and they've gotten their withdrawals without problems, even physical withdrawals.

It's a very exciting exchange on paper to be frank, but I have my doubts for things like these. On one hand it sounds way too good to be true but on the other, it's being backed -- basically it was created -- by ABX (Allocated Bullion Exchange) and Maguire himself of course. Here is a video where he tries to explain the exchange: https://www.youtube.com/watch?v=JSqGCIBZja0

Thoughts on this? It seems to be run by trustworthy people but it seems to be just WAY too good to be true!