What is PAX Gold?
PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns…
PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns…
Last Modified: September 25, 2023The PAX Gold Terms and Conditions (hereinafter “PAXG Agreement” or “PAXG Terms and Conditions”) constitute an addendum to the General Terms and Conditions for the provisions…
When a customer owns PAXG, they own physical gold. This means the value of PAXG tokens is always tied to the spot market price of gold.
Yes. It is possible to own tiny fractions of a token, which are divisible out to 18 decimal points. If you purchase PAXG directly from Paxos.com, the minimum purchase is…
Two reputable sources to learn about gold include the World Gold Council, which represents gold mining companies and sponsors education and research on gold, and the London Bullion Market Association…
All PAX Gold (PAXG) fees are charged in PAXG, not in USD or in PAX. This means a small amount of your PAXG balance is taken as a fee, and…
Pax Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns…
On the Paxos platform, you can acquire PAXG by sending in USD or unallocated gold. When you do this, you are creating new PAXG tokens. You can release PAXG by:…
Paxos is unable to tokenize gold that a customer may already own; Paxos only tokenizes London Good Delivery gold bars that it sources directly from an LBMA-member firm. This allows…
The amount of gold representing the total supply of PAXG is a 1:1 ratio - one fine troy ounce of gold equals one PAXG token. The total supply of gold…
Paxos has engaged Withum to certify its issued gold tokens always represent the same amount of gold in storage. On a monthly basis, the total supply of PAX Gold (PAXG)…
Paxos works with Brink’s bullion vaults.