What are the benefits of PAX Gold?
PAX Gold (PAXG) is a digital asset backed by physical gold.
It offers investors the benefits of owning gold without the need to store or insure it. PAX Gold is an Ethereum-based token that represents one troy ounce of London Good Delivery gold stored in professional vault facilities around the world. The main benefits of PAX Gold include: 1.
Security: PAX Gold is backed by physical gold, so it provides investors with a secure store of value and hedge against inflation and market volatility. The gold is stored in professional vault facilities, which are insured and audited regularly to ensure its safety. 2.
Liquidity: PAX Gold can be easily bought and sold on major exchanges, providing investors with greater liquidity than traditional gold investments. 3. Transparency: All transactions are recorded on the Ethereum blockchain, providing investors with full transparency into their investments.
4. Cost Savings: PAX Gold eliminates the need for storage and insurance costs associated with traditional gold investments, making it more cost-effective for investors. 5.
Accessibility: PAX Gold makes it easier for investors to access the gold market, as it can be purchased from anywhere in the world with just an internet connection and a digital wallet.
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