PAXG

dmendel305

PAXG?

Apprehensive-Dig2743

$PAXG

ReMoGged

Interesting that PAXG peaked today at 4488, XAUT 4387 and GOLD 4379USD. PAXG seems to be always bit more expensive.

RevelationTwoNine

I traded my entire crypto position for PAXG today. Was bleeding out....

RevelationTwoNine

I swapped all my altcoins for PAXG today to stop the bleeding. Once I recoup my crypto losses, I will sell and buy physical pm's. Holding physical is best but stable coins like PAXG are the next best thing, and a lot quicker transition.

csmflynt3

I don’t see the point of holding physical gold as it's not easy to move around or liquid enough, and if anything catastrophic happened a gun is more valuable. PAXG has all of the benefits of holding gold, but the added bonus of instant liquidity and ability to be transferred anywhere in seconds.

emailemile

I hold a lot of PAXG, so it is definitely related to crypto.

gregorklo

Why don't you just invest in PAXG (gold)? The liquidity levels continue to increase, rates are going down, Powell leaves next year, so liquidity in the market will deepen even more. Buy gold

Beardog907

I would probably pick PAXG over XAUT. I worry about eth transaction fees spiking again like in the bad old days of swaps costing over $100, but hope those days are behind us. I bought a little gold on Solana today using Jupiter, the token comes from a Dubai based company oro.finance and can be staked for like 4% interest but has a 1 year lock then, so I just kept it unstaked. Can be redeemed for physical gold. If I was investing large amounts though I would probably stick to paxg or xaut on ethereum and just eat the fees. If you buy from their site you must kyc, but you can buy from Jupiter etc without the Kyc like any normal spl token.

MichaelAischmann

The main differences: ||XAUT|PAXG| |:-|:-|:-| |**Chains**|Ethereum & Tron|Ethereum & BSC| |**Custody**|Tether (vaults in Switzerland)|Paxos (LBMA vaults, London)| |**Transparency**|Proof of reserve but not regularly audited by a regulator|audited and attested by a third-party auditor| |**Redeem for physical gold**|Only full bars|Can redeem fractions| |**Liquidity**|good|very good| |**DeFi integration**|moderate|broader support accross DeFi platforms| IMO Paxos (PAXG) is the clear winner.

Gbb331

PAXG i would say but why not just buy gold to avoid the risk of getting scammed.

TT_________

With leverage a single flash crash or pump will wipe them out, that's why people need to start using SL and isolate trades or your entire futures portfolio will be wiped. Your future portfolio should only be around 10-20% of your entire portfolio and even then you should break it down in multiple trades. Even those that play safe and use 2x leverage on big alts was wiped (XRP, inj). PAXG that is 1:1 with gold and should not have big volatility has dropped by 10% and yet the actual gold has dropped by a small amount.

RastaBooties

Funny thing is, even $PAXG (a coin that supposedly tracks gold price and is backed by real gold) instantly dropped in Binance spot from 4k to 3.6k, and in futures it dropped to 3k.

Ok-Plenty4697

PAXG

gandzalas

I do PAXG at 20x long on a perpetual swing trade. It makes me gains more consistently than anything else I do with lpwer leverage.

blaziken8x

I bought crypto in 2021 and I was down on my investment like 60-70% for around 2 years and in november 2024 I was up 110%. I had like 35% of my portfolio in PAXG yesterday and I bought the dip. Maybe it was dumb, considering how much gold has been going up recently, but we'll see.

AccomplishedView4709

I buy BTC and PAXG whichever drop on the day. I only use spot and HODL, so every drop is a buy opportunity for me.

blaziken8x

1. Have 20-30% of your portfolio in PAXG so that you can buy the dip Also, do people really consider that tiny blip a "massive dump"? This is crypto, not stocks

Alive_Importance_629

yeah! Just sell and buy PAXG Gold! 

torkildj

Lol. Metals are the best play to long. On Hyperliquid you can long PAXG with 50x. Gold is up only. I made so much money on gold

blueberry041

I invest in both BTC and PAXG and it’s definitely been worth it for me

iwannaskibbittvbeep

GOLD/PAXG is inflation proof because gold is a store of value. BTC and ETH are crypto, a small subset of finance and are affected by inflation. BTC will have more crashes. GOLD doesn't really crash that hard

csmflynt3

Been buying PAXG for years now that is by far the easiest way

MichaelAischmann

XAUT or PAXG - unless you want physical gold.

Electrical_Ad6052

Yesss Ethereum BTC and PAXG or whatever gold they are inflation proof right? That’s what I’ve learned so far.

Hellstorage

Not all at once, and not at this price. Wait for the correction — the current strong support is around $109K. That’s when you want to enter with 50% of your capital. Put the other 50% into PAXG, a tokenized form of gold. Hold it until BTC corrects further, and if it breaks below $100K, start deploying that portion gradually in parts. Remember: patience builds wealth — FOMO destroys it.

Hellstorage

Don’t touch ETH — it’s still just an altcoin. When BTC drops slowly, altcoins don’t just dip — they crash hard, like falling off a roof. The safer play is to stick with BTC. The strongest recent support is around $109K — that’s a good spot to buy with about 50% of your capital. Keep the rest in PAXG for stability. If BTC breaks below $100K, scale in gradually with the remaining capital, averaging your entries. This strategy is solid and relatively safe. But if you want to gamble, virtual protocols can give you massive returns — or massive losses. That’s the nature of speculation.

Apprehensive_Fee3821

You could buy real gold via PAXG, China go all in for real gold so unless they lose the trade war, gold price will be bullish and safe to hold in mid or long term. However, do not expect a high ROI like crypto.

Lilboaht

I recently sold all my PAXG and moved into miners. The big advantage PAXG has over physical gold is that you can buy it at the exact spot price whereas buying from a dealer you’ll likely pay a premium (they have to make money too). However, I tried my convert my small amount of PAXG (like 800 bucks worth) into physical gold and I had an enormously tough time and ended up giving up. You’re not going to be able to redeem your tokens for physical gold unless you hold a Troy ounce. Unless you’re just trying to make a play on the gold price based off some rumours thatve been going around, I don’t think there are any benefits of hold gold stable coins over physical gold. Kind of the same argument as “not your keys not your crypto” if you want to make a speculative play on rising gold prices just buy miners. If you want to hold gold as a long term store of wealth, just buy the real thing

AccomplishedView4709

I have buy PAXG for a few years now, so far PAXG price track pretty closely to Gold spot price. I used it as hedge against my stock portfolio and USD. I didn't buy physical gold in coin or bar because of the premium.

AccomplishedView4709

PAXG said they keep their vault in London and you can redeem for physical gold. If you are in London, you can test redeem it.

TCr0wn

PAXG is a useful trading pair. I “trust” it enough for that use. I would never expect to redeem it for actual gold. So holding it for a decade is probably a stupid move. Since you can’t literally put gold on a blockchain, gold stables will never be decentralized or trustless like bitcoin

wil2197

Owning a PAXG actually means owning that exact equivalent amount of physical gold. And it is also regulated by the NY State Department of Financial Services (a notoriously no fun state when it comes to cryptocurrency), so that should give you even more confidence that however many PAXG you own, you'll own that equivalent amount of Gold that you can redeem 1:1. You're able to redeem your PAXG through Paxos' site or Alphabullion. I'm unsure what the other Gold cryptocurrencies are like, but the fact that it's regulated by (in my opinion) one of the toughest financial regulatory bodies in the country when it comes to Crypto, gives me confidence that PAXG is and has to remain transparent and legit.

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Post is by: doker0 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1nq47xj/while_paxg_and_xaut_unavailable/ While PAXG and XAUT are unavailable for EU customer (on binance) how can I invest in gold using crypto? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

thecrypto_guy01

PAXG itself is legit as far as crypto assets go, and I’ve seen people use it as a hedge. Just don’t think of it as risk-free — it’s more like trading one type of risk (stablecoin depeg, inflation) for another (custodial and liquidity risk). Curious — are you thinking of PAXG just as a short-term parking spot, or would you actually be okay holding it longer if the bear takes its sweet time?

AutoModerator

Post is by: MuchLoan3753 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1nkd9ab/is_paxg_safe/ Planning to sell all my bitcoin and alt coins this november and want to park my gains in PAXG, then buy crypto again next year in bear market. Is this a good plan? Is PAXG legit? Is it safe? I dont want to just keep my gains in stable coins because it has a history of depegging last bearmarket. (Theter and Circle) (I dont know what to say anymore, i need 500 characters to be able to post this. I'm just asking for advice if this is a good move, or do you have a better plan after this cycle?) Thank you. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

ShapeHelpful9253

Haven’t invested in BTC in a few years, but I have to tell it is so lovely seeing my portfolio appreciate so nicely over those years. I also invest in PAXG gold.

blaziken8x

Have been holding PAXG for the last month and laughing the entire time, sold PAXG to buy ETH, am not laughing anymore

blaziken8x

I move everything to PAXG when I feel like the prices have gone up too fast and are bound to drop

Familiar_Television1

Put it all in LTC and sell at 150K or 200K. Then buy 50% PAXG and 50% USDT in an earning account and come back next cycle

MiltronB

Try $PAXG

MichaelAischmann

Remember your options ahead of the FOMC meeting. Circle has a stablecoin pegged to the Euro (EURC) & you can also park some money in gold backed tokens like XAUT & PAXG.

chasecards19

Bitcoin, HBAR, PAXG

i-hoatzin

BTC / WBTC + PAXG + ADA Stop.

Saffuran

Absolutely, and that's one element that I think is very important - any true stablebarter standard (in my view) has to be backed in some way by real assets, either directly, through stocks/funds/agreements, or through tokenized versions pegged to these assets (WheatCoin/Aggro coins, Oil and Gas tokens, Precious Metals tokens like PAXG e.t.c.) it can't just be numbers in an algorithm since that "standard of intrinsic value" is basically non-existant.

Apprehensive_Fee3821

You could buy real gold via PAXG which is still bullish instead of digital gold

StringNo6144

It's not "gold" on the blockchain. That isn't possible since gold doesn't natively live in the blockchain (unlike bitcoin). You own a IOU and You're still faced with the garbage-in problem. You are 100% relying on the PAXG company to be honest and to not go bankrupt due to mismanagement.

warriorlynx

Which is kinda true considering we can get PAXG token or gold contracts

Black_Swans_Matter

On the off chance that BTC takes longer than expected or becomes more volatile than expected, I am, for myself, considering smoothing out the ride with 10% - 40% gold: physical, or ETF like $GLD, or digital like PAXG, or all the above. That, was not financial advice.

RealReluctantRaptor

Buy a lot of BTC. Switch to PAXG at the top. Buy back as much BTC as I can in the depths of the bear. Hoping for 75% draw down. Looking to triple the size of the stack.

GasPractical8649

Are they talking PAXG?

TTCrypto_info

RWA that actually work today are the boring ones: tokenized T-bills and clean credit. I’m most bullish on Ondo (USDY/OUSG), Mountain Protocol (USDM), Superstate (USTB) and Franklin/BlackRock’s on-chain funds for treasury yield; plus Maple and Centrifuge for under-collateralized/asset-backed credit, and Backed Finance (bTokens) + PAXG for equities/commodities. Big caveat: the *product* can be great while the *token* doesn’t capture value—check whether fees/flows accrue to ONDO/MPL/CFG or just to the underlying instruments. My DD checklist: redemption rights and custodian, KYC/whitelists, auditor/attestations, chain integrations (lending/DEX collateral), issuance/unlock schedule, and real revenue—not just “TVL.” NFA.

gowithflow192

Just don't hold fiat. Hold risk assets. They will outperform any returns on stablecoins. If you want to hedge, assign part of your portfolio to gold (PAXG). I don't have the appetite for holding stablecoins anymore.

gowithflow192

Really should take profit on my ETH, at least 1% but what to sell it for? I kinda don't want US dollars anymore lol. Gold (PAXG)?

blaziken8x

I like PAXG for when BTC is unstable; and fear and greed index is at 80. But also, if you look how much gold has gone up in last couple of years, it's absurd. I don't mind holding some on the side to buy the dips.

mnkbstard

PAXG is a ERC-20 token: any signing device that can sign EVM transaction. if an hardware wallet supports Ethereum, you can spend PAXG

gandzalas

I would stuck to physical or gold backed crypto. PAXG and some others are good, tether has one too.

gandzalas

Good picks, i have all three in my bags... I do have 60% in bitcoin. Add some PAXG and XRP and you got my crypto bags. Then a little bit into some stocks and metals. Diversification becomes more important when you start to think about what to do with the wealth you are building.

ripple_mcgee

How about some PAXG to hedge against all that USDC?

AccomplishedView4709

I buy PAXG instead.

Street_Outside_7228

It’s 3yrs up + 1yr down = 4yr cycle you got the right idea. I wouldn’t sell 100% of it tho, just up to 80% fiat. You can use PAXG coin to buy some gold also.

DifGuyCominFromSky

Well PAXG is literally digital gold. And yes bitcoin too.

vohemiq

I think you can always make good money in any market provided you have a good trading system; you can operate both markets in MEXC (say hedging with PAXG or CHF to counter the inherent volatility risk from crypto). Most people think of trading being equal to leveraged scalping and getting swings every time, but that’s just misleading: Whenever you operate always DYOR and try to “hit the balls” instead of attempting to “360 noscope homerunning every ball”… Always trade no more than 1% of your whole portfolio (if you have $100 then never have more than $1 opened) and learn to take profits, when to short and how to hedge. Trading is like riding a motorcycle and this means most people start trading without basic understanding nor experience on how to ride a bike (namely knowing how to invest), you will fall a couple of times (blow uour account) before you can master it… But once you grasp it, you’ll know how to take high speed (high leverage) turns (swings) in rough terrains (volatile markets) and turn it into big profits (your destination)… Always be patient and trade your plan (regardless of whatever the market, people, reddit/social media, etc is saying); if you made your analysis right then you’ll be right and that’s it, or you can learn and see what you can improve, think: Would you drop off your bike if it was moving? Are you moving towards your destination? Do you need to ask others to move your bike once you’re riding it?

mk0aurelius

Love seeing this. This is the real flippening and it’s going to turn a lot of heads when it happens. I’ve been following the price of an Oz in btc and it’s about to drop through a big threshold. Check out PAXG/BTC on Binance or others.

MichaelAischmann

I think your econ prof is oversimplifying things. Crypto can very well be backed by something like in the case of stablecoins (USDC & others) or tokenized RWA (PAXG & others). Unlike their traditional counterparts, they can be used in programs. Don't condescend your prof but maybe test their knowledge of crypto on a very basic level. Just see if they actually put research into the topic. If that's not the case, politely suggest they do before lecturing others on the topic.

fajarsis02

BTC: Never, only when need arise.. ETH: 6K (and then rotate to PAXG)

x0wl

Look, I agree with you. However, outside of the US (and Switzerland/Eurozone/Scandinavia), the general understanding is that USD is the correct way to store value (also EUR, but there are stables mirroring them too). Like, when a corrupt official is busted in Russia, they're busted with [stacks of USD/EUR, gold and real estate](https://ru.wikipedia.org/wiki/%D0%97%D0%B0%D1%85%D0%B0%D1%80%D1%87%D0%B5%D0%BD%D0%BA%D0%BE,_%D0%94%D0%BC%D0%B8%D1%82%D1%80%D0%B8%D0%B9_%D0%92%D0%B8%D0%BA%D1%82%D0%BE%D1%80%D0%BE%D0%B2%D0%B8%D1%87), not rubles (because they see USD as the best way to discretely store value). While OP is in Brasil, I don't think their situation is THAT different. They want to make a profit in Reals after all. If OP wants a portfolio of stables, they can just do 40% USDC, 40% EURC, 20% PAXG, all on ETH, and then HODL.

fajarsis02

Buy Gold backed stablecoin (PAXG) as it's redeemable to physical gold.

MichaelAischmann

RWA are things like XAUT or PAXG or tokenized stocks. It's nice to be able to trade them around the clock. Equity tokens typically don't have voting rights.

that-one-meme-guy-69

Im realizing tonight the Canadian Securities Administration has fucked me already lmao, binance pulled out of Canada due to there restrictions and for some reason Canadians also can’t buy PAXG… just makes me understand the need to get it off market faster

Independent_Ad_7082

This is why you should have stuck to just buying Bitcoin and PAXG (tokenized gold) instead of playing in the shitcoin casino. Have fun with the tax loss harvest. On the bright side, this dude's post might indicate that we're getting close to the bottom. The tourists are exiting. 🙃

wierdjokes

Same mechanisms central banks with pegged currencies use. The two easiest options. 1. You commit to swapping your token to the peg and vice versa any time. 2. You engage in open market activities, buy your token when it dips below your peg, and sell when it's above. This requires significant liquidity. Tether and most stablecoins (also PAXG) maintain their peg using 1. Things could get ugly if you mint more than your reserves though. Like all pegs, there's no guarantee it holds. Currencies backed by states lose their peg often, so you and your $1000 have absolutely no chance if there's any real downward momentum.

R3dFiveStandingBye

PAXG is easier to transfer too

isaacnewton34

Anyone else holding PAXG. ?

wildwych

A lot of people will say you can stay safe by investing in Bitcoin or Ethereum, but at certain times their value falls too and can take a long time to catch up. When crypto was an unpredictable mess and I was losing money fast earlier this year, I moved my funds into PAX Gold (PAXG). It's linked to the price of gold and investments are backed by the equivalent amount of pure gold. I've checked this out and found that past gains and falls have correlated to bullion prices. Last year the value rose 37%. Of course, previous years don't guarantee the future, but as gold remains the choice of many investors in times of crisis, I'd be surprised to see this coin fall. As always with investments, DYOR (do your own research). While it's tempting to get drawn in by coins making a 50% rise or more in a day, they also quite often take a loss next day. My best advice is to start by keeping written accounts of what you would buy and how much, and then keeping a note of the price each day. If/when you think you would sell, record that and keep note of the price a little longer. That will teach you a lot very quickly. Good luck!

TheSpotBot

Have you looked at PAXG? convert crypto to gold easy af

gowithflow192

Easier to swap in and out of PAXG.

gowithflow192

No way crypto acts like gold. Surely now is the time to convert everything to PAXG? Thinking about it....

LoveSexDraems

Maybe PAXG (Pax Good) but physical gold no way - it just went up like 30% in 6 weeks a few weeks back. Those are unheard of returns on any precious metal

Beginning_Service387

I have more faith in PAXG - it's regulated and backed 1:1 with physical gold in safe deposits.

DreamingTooLong

PAXG & XAUT are Gold Stables Might have more fun with those than USD stables

SimpleMoonFarmer

PAXG/WBTC liquidity pair.

Long-Ad7490

I do that. Don’t own any kind of stable coin. I convert every profit from crypto into BTC and PAXG. I don’t care of any earning from fiat.

namkeen_lassi

Unless you buy PAXG

ShivaDestroyerofLies

The correct answer is PAXG (literally tokenized gold) 😝. Although more likely you are interested in something like Bitcoin (considered a store of value because everybody agrees it is. Hard to use for any real purpose but gains value over time thus far). Personally, I would recommend looking into avax and once you have at minimum 25avax (about $450 currently) you can do single side staking for 6% APR (6% in token not USD value). Realistically, doubling in price from the current value is pretty likely as it routinely traded in the roughly $30 area pre-tariff crash and there is a bull run which sees 2022 alt season type price then it could be as much as a 10x. Pretty exciting stuff happening as well. California is using avalanche chain for their [car title mobile app](https://www.reuters.com/technology/california-dmv-puts-42-million-car-titles-blockchain-fight-fraud-2024-07-30/), a city in India has started using it for [land titles](https://timesofindia.indiatimes.com/city/raipur/dantewada-district-digitized-over-7-lakh-land-records-through-blockchain-technology/amp_articleshow/118943597.cms), one of the largest banks in Japan is using Avalanche chain for an upcoming [stablecoin offering](https://asia.nikkei.com/Spotlight/Cryptocurrencies/Japan-s-SMFG-to-develop-stablecoin-with-U.S.-blockchain-firms), a “[debit card](https://www.avax.network/blog/avalanche-card-launches-broadening-everyday-crypto-use)” that can be used to spend avax or stable coins on the avalanche chain (primarily intended for markets with poor financial infrastructure like developing nations), CEO is on the [CFTC Tech advisory committee](https://www.cftc.gov/About/AdvisoryCommittees/TAC), etc. All of which I believe demonstrates strong potential. End of the day though you gotta do your own research. Nobody has a crystal ball and many will exploit your inexperience. Learn to investigate and make decisions that you believe in.

Madcey

Yes i understand, just want to be more in a safe spot without all this memecoin stuff. There is also PAXG but it’s literally gold coin so no point in it

ronchon

Indeed. But i meant as an easy "safe haven" to edge against the currently weakening USD. Right now if you're on the sideline with a lot of USDC, it might be worth swapping some for EURC or PAXG.

danarm

Buy PAXG, a highly regulated coin pegged to gold!

Bonfires_Down

With how alts have been going I’m not sure I want to invest in any of them. So I’ll go PAXG and two stablecoins right now.

datag_x22

Could you please elaborate on that? Which DEXes for L2s or Polygon allow swapping to PAXG/XAUt? Last time I checked those two weren't listed as target currency.

ThinNeighborhood2276

You might want to check out Arbitrum or Polygon for lower fees. Both have growing liquidity and support for various tokens, including PAXG and XAUt. You can also look into using bridges to move assets between Ethereum and these L2s.

Familiar_Television1

I thought that was the same. You can exchange 1 PAXG for I don’t know how much gold just as you could exchange the dollar for don’t know how much gold back in the golden days of our ancestors.

blaziken8x

Just wanted to make it extra clear (I made an edit to my post). It is called "Paxos Gold" (PAXG) There is also a gold backed crypto issued by the people who have USDT that is called "Tether Gold" (XAUT)

blaziken8x

Yeah, you can use it in fractions same as any other crypto. But the main purpose of it is, that it's supposed to be backed by real gold, so it's worth as much as gold. I felt confident enough in the company behind it to purchase a decent amount of PAXG. (they're supposed to be regulated in new york, they also issue the paypals USD stablecoin and some others)

blaziken8x

Converted crypto into PAXG last year, buying back btc and eth now every-time when btc takes a dump

Familiar_Television1

That cryptocurrency exists. It’s called PAXG. It hasn’t overthrown anything.

DreamingTooLong

PAXG (pegged to gold)

TewMuch

I had PAXG on BlockFi. Ask me how that turned out. If you want gold, go to the coin shop and buy some or, better yet, get it on Costco.com for under spot after credit card and membership cash back. Check out r/CostcoPM

1maginaryExplorer

Thanks for the info. Probably won't touch XAUT due to it being tether. But PAXG sounds promising. Do you know where there gold vaults are located?

HonestPineapple4848

You can invest in XAUT or PAXG, both backed by gold.