PAX Gold (PAXG) way to own investment-grade physical gold, true?

[Rotor]

The only logical explanation is⁠ that they are leasing their gold and earn revenues for that. Back to the usual⁤ shenanigans with multiple claims on the same gold bars.

 

[Wellington]

When I queried the bars⁠ previously it said they were Russian bullion…

 

[diatessaron]

"PAXG is the only gold token you can redeem for LBMA-accredited Good Delivery‌ gold bullion bars. Institutional customers can also redeem for unallocated Loco London Gold. Redeem for‍ USD at current gold market prices at any time."

Russia isn't on the list, I⁠ don't know if it was previously: Good Delivery Current List

This is more interesting than⁤ PAXG to me: Goldback

 

[belarus]

From 4000 euro I made 600 euro until now in a few weeks! Not bad‌ and ultra low risk with a low amount I know

 

[jafo]

But if you want to redeem it and get your €4600 now, will you get⁠ it?

 

[belarus]

Yeah I have them in kraken can just trade‍ them and get all the money out in seconds.

 

[Raul78]

Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored‌ in LBMA vaults in London. If you own PAXG, you own the underlying physical gold,‍ held in custody by Paxos Trust Company.

 

[lory]

I've been following this thread since the beginning, and against all the advice here, I‌ invested a small amount of 4,000 EUR in PAX GOLD through Kraken!

Had I listened‍ to you, I wouldn’t have made nearly 980 EUR from March until now on my⁠ small investment. I just wish I’d invested 40K or even 400K and not listened to⁤ you.

Just a little reminder to trust your gut, but of course, don’t completely ignore⁣ what the experts here have to say either.

 

[lory]

Of course I did this. I’m not one‍ of those people who only posts positive or negative things, I’m someone who shares what⁠ I actually experience, based on the information I get from OCT.

By the way, how⁤ does your reply even make sense in response to my feedback?

 

[lory]

So what you're‍ saying is that you think the company behind PAX Gold will go bankrupt or just⁠ disappear overnight like so many others have done before them? That the company isn't solid?⁤

OK, I get that, but how did you come to this conclusion? This is useful⁣ knowledge that can apply to many other investment opportunities

 

[jafo]

smi(&% rof/% 😉

 

[diro]

I don't think it is a bad investment. Risk with 4K is low, as long‌ as you stick with that kind of money I can't see why not.

 

[void]

so is the reward then‌ 😀

 

[diro]

yes, but for some people‌ it may be sufficient. You could do this for your youngsters to learn them how‍ money can grow. Just as an example.

 

[void]

I tried to explain what this whole "idea" is about but my two‍ posts in this thread got removed... I wonder why

 

[diro]

If you⁣ put your money into bitcoins or Eth, LTC you would have made much more by⁢ now, sorry to say so.

 

[DerAufklaerer]

i think PAXG is for holding after the crypto Bull run not NOW

 

[aniglo22]

Why your tokens can be frozen and destroyed even when the chance‍ is small why risk it ?