If you wanna buy 10Kg of gold would you hold it at home or you would leave it to someone else to hold it for you?
PAX Gold (PAXG) way to own investment-grade physical gold, true?
- Thread starter JohnLocke
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And we are turning off topic again. Open a new thread if you want to discuss this! if you continue your posts get deleted.
Paxos also issues stablecoins for PayPal (PYUSD) and used to issue for Binance (BUSD). That might give it some credibility.
Tether and Paxos are the biggest issuers of stablecoins, if any of them were to go down, the whole market would come down with them.
But why not try to buy some PAXG and redeem it to see what happens?
Tether and Paxos are the biggest issuers of stablecoins, if any of them were to go down, the whole market would come down with them.
But why not try to buy some PAXG and redeem it to see what happens?
That's the whole point of PAXG, is that you can redeem it.
From their TOS:
https://paxos.com/pax-gold-terms-conditions/
From their TOS:
https://paxos.com/pax-gold-terms-conditions/
I've done my due diligence to the best of my abilities, but NOT because I wanted to use them. I am forced to use them and their services because some of my clients demand them.
Clients call the shots regarding what currency/coin/token, etc., they will pay with. I just ensure I can "cash out" or swap to Bitcoin (or XMR). So far, so good.
As I mentioned before, some clients pay with it, while some suppliers want or prefer it,not many, though. Personally, I only keep 2% of my client-derived︀ profits "invested" in the coin they paid with. I also apply this 2% "investment" standard︁ to my suppliers' chosen payment coins.
Example: If the profit I gain from my client︂ is CHF10K and my client insists on paying me with PAXG, then I would keep︃ CHF200 in PAXG coins. The rest, CHF9800, I would swap for Bitcoin if I didn't︄ need it to purchase products for other clients. If I need to pay a supplier︅ with, e.g., CNH₮, then I would just swap from PAXG to CNH₮ and execute the︆ payment.
I hope this helps shed some light on how I "invest" in it. Remember...︇ It's NOT by choice. I just “Go along to get along.” 😉
Clients call the shots regarding what currency/coin/token, etc., they will pay with. I just ensure I can "cash out" or swap to Bitcoin (or XMR). So far, so good.
As I mentioned before, some clients pay with it, while some suppliers want or prefer it,not many, though. Personally, I only keep 2% of my client-derived︀ profits "invested" in the coin they paid with. I also apply this 2% "investment" standard︁ to my suppliers' chosen payment coins.
Example: If the profit I gain from my client︂ is CHF10K and my client insists on paying me with PAXG, then I would keep︃ CHF200 in PAXG coins. The rest, CHF9800, I would swap for Bitcoin if I didn't︄ need it to purchase products for other clients. If I need to pay a supplier︅ with, e.g., CNH₮, then I would just swap from PAXG to CNH₮ and execute the︆ payment.
I hope this helps shed some light on how I "invest" in it. Remember...︇ It's NOT by choice. I just “Go along to get along.” 😉
I'm thinking if you've got some small amounts lying around that you can't really or want to invest in stocks, then investing in PAX Gold could be another way to go about it.
Good idea - I see it's possible buy PAX GOLD on Kraken exchange, time to buy a little for a test.
What I see here is layering of risks
One you have the risk with Paxos in general
You have the risk of the token being frozen
You have the risk of the underlying being seized
You have the risk of a war severing coms lines or coms lines Being restricted for military only use in an event of war
Just layers and layers of risk
One you have the risk with Paxos in general
You have the risk of the token being frozen
You have the risk of the underlying being seized
You have the risk of a war severing coms lines or coms lines Being restricted for military only use in an event of war
Just layers and layers of risk
So, in the event of war, Bitcoin and Ethereum are more secure according to what you're writing? I would like to have that explained a bit more.
Bitcoin runs on a satellite network as a backup, with various incorporated mesh networks.
For example, in my home office, i have a tv satellite dish Blockstream Satellite: Bitcoin blockchain broadcasts with some additional standard hardware and some software which is used to connect provide a redundancy for the bitcoin network, it's not completely 100% redundancy protection but suspect in the event say the cables from the East and the West being severed that there is a slim likely hood that the chain would split due to not︀ being connected world wide.
Where ETH is concerned I am unsure of any exercises for︁ this as it stands...
What is needed (small 60k-100k satellites for repeaters being sent up︂ with SpaceX).
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Where PAXG is concerned just checked our corporate treasury, we had 100k︃ as understood, now 125k.
During the period from 2020.
Currency debasement (except 2022-2023) has been︄ on average 13-15% pa (most people don't see this as it's basically locking up bonds︅ on balances sheets which means they don't enter the real economy directly but they do︆ seep into the markets, and appreciate asset prices (hence wealthy get wealthier, poor get poorer).︇
And inflation is 27% aggregated through that period.
so 100,000$ (off the cuff/napkin) - 27%︈ - 39% (2020-2021-2022,2023-2024) = 66% decline in true spending power + 25% nominal value =︉ 91% so on average = 3% so the tightening (strengthening of the $) during the︊ rate hike and then liquidity flow period has recovered 1% per annum in spending power︋ loss, whereas from 2013-2020 Gold historically has lost 4% PA against combined debasement & inflation.︌
Gold proceeds to️ rise roughly 13-15% against liq increases per 10%, bitcoin roughly 90%, down the risk curve more growth achievable in ETH/SOL.
But holding gold is like holding a melting ice-cube standing inside a fridge, its still melting, it's a s**t debasement hedge, but perhaps its hedge as in it's physical and not reliant on coms lines.
Holding cash is like holding a melting ice cube standing in Cairo at lunch time.
For example, in my home office, i have a tv satellite dish Blockstream Satellite: Bitcoin blockchain broadcasts with some additional standard hardware and some software which is used to connect provide a redundancy for the bitcoin network, it's not completely 100% redundancy protection but suspect in the event say the cables from the East and the West being severed that there is a slim likely hood that the chain would split due to not︀ being connected world wide.
Where ETH is concerned I am unsure of any exercises for︁ this as it stands...
What is needed (small 60k-100k satellites for repeaters being sent up︂ with SpaceX).
---
Where PAXG is concerned just checked our corporate treasury, we had 100k︃ as understood, now 125k.
During the period from 2020.
Currency debasement (except 2022-2023) has been︄ on average 13-15% pa (most people don't see this as it's basically locking up bonds︅ on balances sheets which means they don't enter the real economy directly but they do︆ seep into the markets, and appreciate asset prices (hence wealthy get wealthier, poor get poorer).︇
And inflation is 27% aggregated through that period.
so 100,000$ (off the cuff/napkin) - 27%︈ - 39% (2020-2021-2022,2023-2024) = 66% decline in true spending power + 25% nominal value =︉ 91% so on average = 3% so the tightening (strengthening of the $) during the︊ rate hike and then liquidity flow period has recovered 1% per annum in spending power︋ loss, whereas from 2013-2020 Gold historically has lost 4% PA against combined debasement & inflation.︌
Gold proceeds to️ rise roughly 13-15% against liq increases per 10%, bitcoin roughly 90%, down the risk curve more growth achievable in ETH/SOL.
But holding gold is like holding a melting ice-cube standing inside a fridge, its still melting, it's a s**t debasement hedge, but perhaps its hedge as in it's physical and not reliant on coms lines.
Holding cash is like holding a melting ice cube standing in Cairo at lunch time.
I couldn't have said it any better. He called Russia incompetent because they didn't stop the recent︀ terrorist attack but said nothing about Israel not stopping the Hamas attack despite being warned︁ by Egypt and despite having the best intelligence in the world. He's been saying for︂ years that China will collapse. He should perhaps delete some of his older videos. And︃ he has a punchable face + voice on top of it. He belongs to the︄ same clown category as Harry Dent.
I really appreciate your comment, but not in this thread. Perhaps you should start a new thread to discuss wars, politics, and religion there. This thread is exclusively about war. That way, we also avoid warning points, which I'd rather not hand out.
Storing gold costs money, so how does Paxos deal with that? They have no storage fees. They charge a "Creation & Destruction" fee. What happens when traders stop trading? I've also never seen the gold.
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