PAXG is NOT pegged to the gold price. It can not be trusted for what they say it should be used for. It should be delisted, helping the community.

Can someone please explain to me why PAXG is just 1,960 USD while the real Gold is 1,977 USD? 17 USD difference per ounce.

How do they pay expenses, if they have to keep an oz of gold per coin, and they are indexed to the spot gold price? The storage fees of gold are very high, and obviously they aren't opening up a Fort Knox of their own... or are they? ;)

I can't understand why so few exchange offers PAXG. In particulary I don't understant why the bigs don't offers this currency.

So, err, time to buy the dip? Or will vaccine-euphoria extend far beyond thanksgiving weekend?

Happy to say that a few weeks after trading started, PAXG is now trading at a premium to the price or gold (2% +/-). IMO, PAXG is the real deal. Backed by physical gold, and convertible to physical gold, PAXG is a great option for those of us that like to stack.

I bought PAXG when it got listed on kraken the 29 oct at 1780 euro before realizing cryptocompare had it at euro 1320
what happend at the chart for the 29th......VERY BAD BEGINNING

I purchased PAXG at the beginning of October. Today 10/18, PAXG started trading and it's about $250 below the price of an ounce of gold. Any idea why a token backed by a physical ounce of gold trades at a 15% +/- discount to the price of gold? Seems like a great arbitrage opportunity.. Buy 430 PAXG, take physical delivery of a bar of gold, sell the bar of gold, and net almost $100,000. What am I missing?