Is Pax gold a good buy?

Even though the price of gold can be volatile in the short term, historically it has always maintained its value over the long term. For this reason, many investors use it as a hedge against inflation, making it an investment worth considering .

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Who owns Pax gold?

Who created Paxos Gold? Founded in 2012 by Charles Cascarilla and Rich Teo , Paxos is a startup specializing in the building of infrastructure for the exchange of cryptocurrency. In 2018, Paxos released Paxos Standard (PAX), a crypto asset backed 1:1 with a reserve of U.S. dollars stored by Paxos in U.S. bank accounts.

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Is Pax gold real gold?

Paxos Gold (PAXG) is a crypto asset backed by real gold reserves held by Paxos, a for-profit company based in New York. Each PAXG token is redeemable for 1 troy fine ounce of gold custodied in vaults by Paxos and its partners, and its market value is meant to mirror the physical gold it represents.

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