#PAXG Backed 1:1 by real gold:* Each token is backed by 1 ounce of a 400-oz London Good Delivery bar, stored in Brinks vaults in London. LBMA accredited.
- *Issuer:* Paxos Trust Company, USA. Regulated - now under OCC (federal) charter. Monthly audits by KPMG, so supply of tokens = gold in vault.
- *Blockchain:* Originally ERC-20 on Ethereum, now also on Solana. You can hold it in any crypto wallet like MetaMask.
- *Price:* It tracks live gold price. Right now around *$4,100 per PAXG*.
- *Benefits vs physical gold:*
- No storage fee, no making charges
- Tradeable 24/7 on crypto exchanges
#PAXG In my opinion, this gold is going to go up a lot in the next 1-2-3 years, and my wish is to buy as much of it as possible.
- *Issuer:* Paxos Trust Company, USA. Regulated - now under OCC (federal) charter. Monthly audits by KPMG, so supply of tokens = gold in vault.
- *Blockchain:* Originally ERC-20 on Ethereum, now also on Solana. You can hold it in any crypto wallet like MetaMask.
- *Price:* It tracks live gold price. Right now around *$4,100 per PAXG*.
- *Benefits vs physical gold:*
- No storage fee, no making charges
- Tradeable 24/7 on crypto exchanges
#PAXG In my opinion, this gold is going to go up a lot in the next 1-2-3 years, and my wish is to buy as much of it as possible.