Cryptocurrency Q&A
Why is Pax gold cheaper than gold?
Why is Pax gold cheaper than gold?
HanbokGlamourQueen
Wed Jun 26 2024
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8 answers
1759
Could you elaborate on the reasons behind Pax Gold being priced lower than physical gold? I'm curious to understand the economic factors and mechanisms at play. Could it be due to the tokenized nature of Pax Gold, its liquidity, or perhaps the perception of digital assets in comparison to traditional commodities? Does Pax Gold offer any unique advantages or disadvantages compared to physical gold, which could affect its pricing? I'm interested in gaining a deeper understanding of this price discrepancy.
8 answers
Daniele
Fri Jun 28 2024
Paxos, a leading digital asset platform, offers PAXG, a gold-backed token, with a cost structure that is favorable compared to other gold-related investments.
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Eleonora
Fri Jun 28 2024
The PAXG token provides investors with a low-cost alternative to traditional gold investments such as gold ETFs and LBMA 400 t oz bars.
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Riccardo
Fri Jun 28 2024
One of the key benefits of PAXG is its low minimum purchase amount, allowing investors to enter the gold market with a smaller initial investment.
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LightWaveMystic
Fri Jun 28 2024
Furthermore, PAXG offers investors the convenience of digital gold ownership without the need to pay storage fees.
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Raffaele
Thu Jun 27 2024
The allocated gold that backs PAXG is securely stored in LBMA-approved vaults, ensuring the safety and integrity of the underlying asset.
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