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.
PAX Gold (PAXG) way to own investment-grade physical gold, true?
- Thread starter JohnLocke
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"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
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.
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.
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?
The earlier investors of - insert any Ponzi here, like Madoff, Luna etc - who cashed out were happy too.
Read https://a.co/d/hfgSLeG
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Read https://a.co/d/hfgSLeG
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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
If you want to invest in/buy gold you should buy the real thing, not a surrogate. And store it yourself.
Pax Gold proclaims to be “The easiest way to own or trade gold”. I dissent. If you like to trade some papers linked to the price of gold, trade futures.
Too many “solid companies” have disappeared in the past.
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Pax Gold proclaims to be “The easiest way to own or trade gold”. I dissent. If you like to trade some papers linked to the price of gold, trade futures.
Too many “solid companies” have disappeared in the past.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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.
Not good to teach betting to youngsters.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I tried to explain what this whole "idea" is about but my two posts in this thread got removed... I wonder why
If you put your money into bitcoins or Eth, LTC you would have made much more by now, sorry to say so.
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