I came across this point again while flipping through my notes, so I thought I’d share it.
1 troy ounce is approximately 31.1 grams. International gold prices are usually quoted per troy ounce.
On-chain records can only show who holds the tokens. To know whether there are enough gold bars in the vault, you need to look at attestation reports and the issuer’s compliance and credibility.
$PAXG corresponds to one troy ounce of physical gold held in a London vault.
Have you ever misunderstood this point?
1 troy ounce is approximately 31.1 grams. International gold prices are usually quoted per troy ounce.
On-chain records can only show who holds the tokens. To know whether there are enough gold bars in the vault, you need to look at attestation reports and the issuer’s compliance and credibility.
$PAXG corresponds to one troy ounce of physical gold held in a London vault.
Have you ever misunderstood this point?