GOLD, the oldest and most trusted form of money, used as a store of value, hedge against inflation and for some a "safe heaven" in time of crisis.
However investing in physical gold might be expensive, risky and incovenient, cuz you have to pay the storage, insurance, transportation fees and face issues when you have to sell it.

That's when PAXG comes. It is a gold backed cryptocurrency launched by PAXOS, operating in ethereum blockchain.

Each token is backed by one fine troy ounce of gold, stored in LBMA vaults in London, so you own the physical gold held in custody by PAXOS TRUST COMPANY and you can redeem paxg tokens at any time in usd at the current price.

PROS:

No custody fees

Instant settlement

Allocated ownership (using the gold allocation lookup tool and the serial number)

Regulated and secure (for example, Ledger Vault and Bakkt as custody partners)

Flexible redemption

CONS:

Volatility

Regulatory uncertainty with PAXOS

Another important thing you could consider: you can earn interest on your PAXG using NEXO, with 8% apy. The interest is compounded daily and paid out daily.

Thanx for your precious attention, here below some links if you'd like to support me:

Earn interest on your crypto

Nexo : https://nexo.com/ref/j6atsfddtw?src=android-link   Earn free money completing tasks (around 50$ a month)   Freecash https://freecash.com/r/Hello8   Cointiply https://cointiply.mobi/d7u2