Pax gold back crypto launched by the creators of the paxos standard in 2019.So pax gold is an erc20 token operating on
the ethereum blockchain.

It is traded on most exchanges, and the primary purpose is to make gold more tradable, as the physical commodity is difficult to obtain.

In terms of transportation, divisible or flexible. The purpose of pax gold, according to the official white paper, was to enable investors to buy indefinitely small amounts of gold using cryptocurrencies, essentially removing minimum buy requirements for the commodity.

Each token is backed by one fine troy ounce of a 400 ounce or london good
delivery gold bar stored in brinks vaults now. If you buy goldYou are dealing with transportation, brokerage fees, storage.

All these things have costs. Storage you can either get your own safe
either put it in royal mint and use their safety deposits. All these things cost money. Brokerage fees for buying commodities pretty damn high.

Everyone can own a portion of a lbma recognised london good delivery gold bar thanks to the erc20 token that has been developed and that can be moved or traded anywhere in the world.

It's a trusted company and custodian regulated by the new york state department of financial services.

Customers can always redeem for US dollar at current gold market prices
and it's easily convertible to redeemable
for paxos gold, for fiat, physical or unallocated gold via the paxos platform.

Now pax gold is now handled by over 30 volts exchanges wallets lending
platforms and more that's pretty incredible and because it's redeemable
for actual physical gold that's pretty good. So you can actually go and get your physical gold.

you can buy up this token get your physical gold that's pretty awesome. Obviously because it's backed by gold price is stable but it's stable and it's pegged to gold.

It removes a ton of the
Hassle and the issues with regards to gold and gold purchases. It removes the barriers which again is a great thing.

So fundamentally what we will see in a time of crisis in an economy is Gold rallying in price but most people want to buy physical gold not digital because you buy physical gold so that you have that in your possession that's a
physical hedge.