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❓ASK Should You Invest In Pax Gold Coin? Is It Profitable?

Ben Kempton

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There are many different kinds of investment options for people and cryptocurrencies are also a great option as well. However, there are many people who might be reluctant to invest in bitcoin as it might not be a great investment for many people. Moreover, right now the market is also quite bearish as well. This leaves investors with other options as well. I am thinking about investing in Pax Gold token. It is said that this token is backed up by real gold and its price is changed when the price of gold changes. So, do you think that it is a great investment?
 
If I say I gave $100b to elon musk would you believe it as well dear , No that's not right because I am saying this since we have seen collapses in Terra stable coin , huobi coin depegging to 12 cents and many other coins have faltered and all of then claimed to have a peg ( means reserve backing for 100% of assets but only in paper when sec revealed and no company has bigger real asset backing than tether ( 65.03% and Usdc ( 67.08% ) at the market so when you can't verify their claim and can't kill the de-peg possibility , this would not be wise to invest in it .
 
There are many different kinds of investment options for people and cryptocurrencies are also a great option as well. However, there are many people who might be reluctant to invest in bitcoin as it might not be a great investment for many people. Moreover, right now the market is also quite bearish as well. This leaves investors with other options as well. I am thinking about investing in Pax Gold token. It is said that this token is backed up by real gold and its price is changed when the price of gold changes. So, do you think that it is a great investment?
pax gold does not differ much from a stable currency as we already spoke, it is a currency that is backed with gold according to some regulations that the Paxos entity has and these affirm it, as every investment has a risk and that you must value in other posts we talked about this currency, and as I said it is a good option if you want to invest in gold but do not have access to brokers of this as it can be your Case, if you want to invest in it but doubt its credibility in the treasury or in another thing value the risk and value the capital that you should invest if it were the case, I would not advise investing more than 1% of the available investment capital
 
If I say I gave $100b to elon musk would you believe it as well dear , No that's not right because I am saying this since we have seen collapses in Terra stable coin , huobi coin depegging to 12 cents and many other coins have faltered and all of then claimed to have a peg ( means reserve backing for 100% of assets but only in paper when sec revealed and no company has bigger real asset backing than tether ( 65.03% and Usdc ( 67.08% ) at the market so when you can't verify their claim and can't kill the de-peg possibility , this would not be wise to invest in it .
in his case he told me that he did not have access to gold markets seemed to be or did not know a reliable one so he wanted to opt for other options such as Pax Gold, although it is a valid option we can always doubt if they really keep the gold in their vaults in the same amount as the circulating tokens, Although they have a regulation that forces them to prove that they have that gold in the treasury but well this can always be manipulated so if you want to invest as I said before very very little capital
 
You've given a very right advice here , I also agree with you most of the billionaires also advice to never put above smallest possible funds in a non-verifiable business , So if I was to investing in the business I would had only invested 1% in the asset not for profits but for inflation hedging actually indeed .
 
You've given a very right advice here , I also agree with you most of the billionaires also advice to never put above smallest possible funds in a non-verifiable business , So if I was to investing in the business I would had only invested 1% in the asset not for profits but for inflation hedging actually indeed .
Exactly if you can not know exactly that the asset is reliable you should never put money first that you can not afford to lose so you have to form your investment fund and from there put very little amount in the asset, it works the same with the entities called venture capital or venture funds take many companies or assets of high risk and put very little money in each one, With a few working have already gained a lot of profitability
 
That's right but there is a lot of risk just consider Tesla for example in the months of may the stock price was touching $2300 and now merely $209 , So that's 90% loss for the investors , And that's the proof of the reason why a trader must never invest his funds in the markets he has no knowledge and working details about indeed .
 
This is the first time i heard about this coin so first.. it claims to be backed by actual gold and the price would be dependent on the movement of the price of gold.. so why not just invest in gold itself? Gold wasn't even moving that much it wasn't as volatile as crypto currency which is why it's not that good of an investment if you're just going to buy a couple of hundred dollars in. That said it wasn't even confirmed to be true yet im assuming i may be wrong about this but it's risky.
 
This is the first time i heard about this coin so first.. it claims to be backed by actual gold and the price would be dependent on the movement of the price of gold.. so why not just invest in gold itself? Gold wasn't even moving that much it wasn't as volatile as crypto currency which is why it's not that good of an investment if you're just going to buy a couple of hundred dollars in. That said it wasn't even confirmed to be true yet im assuming i may be wrong about this but it's risky.
@Ben Kempton and I were talking about this currency in another post he is wanting to invest in it because he does not have access to gold markets or does not trust those he can access that is why he was looking for alternatives and discovered pax gold, it is risky because nobody can know 100% if his treasuries will be backed by 100% of his holdings in gold
 
@Ben Kempton and I were talking about this currency in another post he is wanting to invest in it because he does not have access to gold markets or does not trust those he can access that is why he was looking for alternatives and discovered pax gold, it is risky because nobody can know 100% if his treasuries will be backed by 100% of his holdings in gold
In that case this is good alternative indeed for those that doesn't have any access to investing in gold if this is legitimate and real backed by gold.. though any crypto currency creator can say they are backed by something because they don't really need to show it's real..
 
In that case this is good alternative indeed for those that doesn't have any access to investing in gold if this is legitimate and real backed by gold.. though any crypto currency creator can say they are backed by something because they don't really need to show it's real..
That is the problem to verify that this information is true and more in the market context that we have right now in the crypto market where until the second largest exchange was a farce, so if you really invest in this it should be very little capital.
 
That is the problem to verify that this information is true and more in the market context that we have right now in the crypto market where until the second largest exchange was a farce, so if you really invest in this it should be very little capital.
Yes.. it's not wise yet to invest big amount of money in this considering that there's no proof that it's really backed by gold yet.. maybe if they were to be verified and regulated by some kind of legal government presence but how if many people bought this they will have to stack lots of gold..
 
Yes.. it's not wise yet to invest big amount of money in this considering that there's no proof that it's really backed by gold yet.. maybe if they were to be verified and regulated by some kind of legal government presence but how if many people bought this they will have to stack lots of gold..
Yes, supposedly they have it stored in vaults and at any time you can exchange it for the same amount of real gold, I do not know to what extent all this is real but until nobody checks it and does it I will not believe it
 
This coin is relatively new and doesn't have what it takes to compare with other reknown sites.Don't believe in what they are saying that the values of the payx coin is peg at gold price. If you want to invest in the coin, be cautious.
 
I have actually heard of this pax gold coin before , I actually don't even know how profitable it is , although I would love to know more about the coin , like could the coin be bought in the normal broker platform , I would love to know more about it
 
You should invest in usdt only that is a viable thing other this there are coins that have fallen a lot In the last and we should avoid them pax mostly remains stable but still usdt is a better choice indeed .
 
I have actually heard of this pax gold coin before , I actually don't even know how profitable it is , although I would love to know more about the coin , like could the coin be bought in the normal broker platform , I would love to know more about it
it is a coin that claims to be correlated with gold because it is backed 1-1 with ounces of gold kept in a vault that the Paxos Trust guards, at least this is the information available, this token or company is also regulated by a New York regulatory entity, has replicated the movement of gold quite well for quite some time, but let's remember that the Paxos trust is under possible SEC lawsuit after the BUSD issue, have to be careful with Paxos tokens for now.
 
it is a coin that claims to be correlated with gold because it is backed 1-1 with ounces of gold kept in a vault that the Paxos Trust guards, at least this is the information available, this token or company is also regulated by a New York regulatory entity, has replicated the movement of gold quite well for quite some time, but let's remember that the Paxos trust is under possible SEC lawsuit after the BUSD issue, have to be careful with Paxos tokens for now.

According to the news, Paxos trust is now "ending its connections" with the BUSD and Binance as a whole. The fact of the matter remains that I do not know why Pax Gold investors should be careful about this, is there anything really concerning related to this? Why do you think so? How could this affect the Paxos company?
 
I believe they say that they are linked to gold and each of their coin is forced at 1 usdt they never claimed to be affiliate with binance in my opinion in any way and they always make sure that their coins value remains stable and valuable for the users .it is a stable coin so it is not that much profitable.
 

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