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GOLD has been a well weathered store of value throughout the ages, as its utility and aesthetic appeal, as well as the fact that it is a hedge against inflation, ensures it remains on a stable upward path.
Back in the day, to own gold you would have had to go through a commodities trader or a pawn shop to buy physical gold bullion.
Times have changed though and, in the modern day, the process to gold ownership is streamlined and as easy as a few taps on your Moneybrain app. Yes, we have entered the age of tokenised gold.
Moneybrain, your friendly crypto exchange, lets you be your own trader. You can purchase the most reputable crypto currencies, buy tokenised x stocks and – as detailed in the heart of this week’s Crypto Corner – tokenised gold. It’s like having a lite version of the world of trading in your pocket, albeit on-chain.
But isn’t it all 11111 and 0000s?
No, each PAXG token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. When you own PAXG, you own the physical gold, complete with your own serial number, held in custody by Paxos Trust Company.
PaxGold hit an all-time high of $5,120 in the Moneybrain app last week, proving that the tokenisation of traditional commodities is the future.
Download the Moneybrain app today to start your journey into the world of tokenised trading.
