Cryptocurrency Q&A
Why is PaXG cheaper than gold?
Why is PaXG cheaper than gold?
SamuraiSoul
Sat Jun 29 2024
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5 answers
1233
I'm curious to understand the rationale behind the pricing disparity between PaXG and gold. Both are precious metals with their own unique properties and applications, yet PaXG seems to be priced significantly lower. Could this be due to the novelty of PaXG in the market? Or perhaps the differing supply and demand dynamics? Additionally, does PaXG's composition, which is a combination of gold and palladium, have any impact on its pricing compared to pure gold? Clarifying these factors would help me better understand why PaXG is cheaper than gold.
5 answers
Martino
Mon Jul 01 2024
PAXG offers a cost-effective alternative to traditional gold investments. Compared to other gold tokens, gold ETFs, and LBMA 400 t oz bars, PAXG provides a lower cost structure, making it an accessible option for investors.
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MysterylitRapture
Mon Jul 01 2024
The low minimum purchase amount of PAXG allows investors to enter the market with smaller investments. This flexibility enables investors to gradually build their gold portfolio, regardless of their financial standing.
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TopazRider
Mon Jul 01 2024
Additionally, PAXG eliminates the need for storage fees. Unlike physical gold, PAXG does not require investors to pay for storage or insurance, further reducing the overall cost of ownership.
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Andrea
Mon Jul 01 2024
PAXG, a digital token, is uniquely backed by physical gold. This innovative asset allows holders to own the underlying physical gold securely stored by Paxos Trust Company.
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KimonoElegance
Mon Jul 01 2024
Paxos Trust Company, a trusted custodian, ensures the safety and security of the physical gold backing PAXG. As a result, PAXG owners have direct access to the gold they own, without the need for physical storage.
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