While many call Bitcoin “the new digital gold,” PAX Gold (PAXG) is literally gold in digital form. Each PAXG token is fully backed by one fine troy ounce of a 400 ox gold bar from London Good Delivery. Each bar is stoled in Brink’s vault. Hence, those who own PAXG own a unique piece of physical gold kept in custody by the Paxos Trust Company.
The PAXG price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines PAXG price rates from Binance, Kraken, Huobi, OKEx, and others.
To monitor PAXG prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest PAXG price anytime, anywhere. For real.
The PAXG price constantly changes, however, our interest rates are stable as ever. Since 2019, our PAXG savings account has featured 8.2% APR + compounding interest. The highest interest rate on gold anywhere. Period.
There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of a PAXG price drop or simply use the growing value of your PAXG price as collateral for instant cash. That’s the power of gold.
Are you confident the gold price will rise? If so, clone your PAXG now with Turbocharge. Click here to learn more about Turbocharge.