PAXG seems like a pretty neat way to gain exposure to gold on the blockchain, with no storage fees either! The only cost associated with owning these tokens are the gas costs for transactions. You do need to rely on the Paxos company as a 3th party custodian, however as far as 3rd parties go, Paxos seems pretty reliable. They are a well known and regulated financial institution. With this method of holding gold, you don't need to worry about it getting stolen or losing your metal. It is safely stored in a secure vault in London. You can send your PAXG anywhere within seconds or exchange it for almost any currency you can think of. I think it's a pretty good way to hold gold but of course don't put all of your eggs in one basket! Let me know what you think of PAXG. Not financial advice.
