How does the price of a gold token follow the price of gold rather than the crypto market?
1 troy ounce is approximately 31.1 grams. International gold prices are generally quoted per troy ounce.
Key point: The price of a gold token mainly fluctuates with the price of gold, and gold prices themselves can rise and fall significantly. Don’t treat a gold token as a stablecoin.
$PAXG Each token represents 1 troy ounce of physical gold held in a London vault.
If you’re unfamiliar with something, start small. Practicing with a small amount is a safer approach.
1 troy ounce is approximately 31.1 grams. International gold prices are generally quoted per troy ounce.
Key point: The price of a gold token mainly fluctuates with the price of gold, and gold prices themselves can rise and fall significantly. Don’t treat a gold token as a stablecoin.
$PAXG Each token represents 1 troy ounce of physical gold held in a London vault.
If you’re unfamiliar with something, start small. Practicing with a small amount is a safer approach.