What are PAXG and XAUT?
Gold tokens on Binance.
How to invest in real gold?
Gold is one of the oldest and safest assets in the game.
But buying physical gold has its issues; it's pricey, hard to store, and tricky to sell.
Gold tokens solve all of that.
In this article, I break down what PAXG and XAUT are, how they work, and why to use them.
What is PAX? Gold PAXG?
PAX Gold is a token created by Paxos.
Each PAXG token is backed by one ounce of physical gold.
The gold is stored in vaults in London.
You can buy fractions of PAXG starting from 0.01 ounces.