Hey There Income Hunters,
First there was Bitcoin (BTC), which you have to say is the gold standard of cryptos.
It’s widespread network and limited supply gives it a long lasting appeal.
Then came Ethereum (ETH). ETH is more than an exchange mechanism. Its ability to host thousands of centralised apps and smart contract positions make it a must-own.
Now there is PAX Gold (PAXG), which leverages blockchain technology with “real money,” the-test-of-time proven store of wealth … gold.
This is crypto at it’s best.
Paxos, a decentralised crypto broker and regulated trust company, offers a turnkey solution.
You can also purchase a PAXG ERC-20 token that represents one troy ounce of fully allocated gold in the most secure London Bullion Market Association (LBMA) vaults.
That’s not all … you can deposit the PAXG token at Celsius, which is currently paying 5.5% “interest in kind" on PAXG….
PAXG may just become the most popular Crypto of all time. This total game changer allows investors to protect their wealth and compound 5.5% interest weekly at the same time.
Crypto Gets a Huge Boost
Yesterday’s announcement that Germany granted Coinbase a license for crypto custody services fueled a 10% rally in Coinbase above $246.
Coinbase has so much going for it as a one-stop shop exchange for over 50 cryptocurrencies. It provides deep liquidity, best-in-class fees and custody.
However,as you can see in the table below, the increase in volumes recently has come from other crypto assets. This is a great sign for the asset class in general….
I only see this trend continuing with additions like PAXG, which is built as an ERC-20 token on the Ethereum blockchain….
PAXG can be transferred or traded anywhere in the world. You can even own a fraction of an LBMA-accredited London gold bar.
Historically, a couple of issues that have hindered investors from owning gold in their core portfolios have been:
- The fact that gold does not provide an income stream.
- The history of central banks confiscating gold during periods of fiat currency weakness, similar to the current environment.
Now PAXG and Paxos crypto brokers provide a solution that addresses both issues…
- Paxos is a trust company and custodian regulated by the State of New York Department of Financial Services.
- A nationally ranked auditor will attest to the matching supply of PAXG tokens and underlying gold every month.
- You can open an account with Paxos and purchase a PAXG token that represents one troy ounce of fully allocated gold held in LBMA vaults.
- You can also get smaller amounts from physical gold retailers around the world.
PAX Gold is the only gold token that can be redeemed for LBMA-accredited gold bullion bars.
Smaller amounts can be redeemed through a network of physical gold retailers.
Paxos customers can always redeem for US dollars at current gold market prices.
Check it out and set up an account at PAX Gold …
PAXG Technical Picture
After spiking to $.50 about a year ago, PAXG has settled down and built a base above $.05.
It has recently broken above the 50- and 200-day moving averages and appears poised to trend higher in the months ahead…
Bring It Home
I think this is a cryptocurrency that could be a game changer as the digital currency arms race evolves.
Owning gold within a decentralized network while earning interest adds tremendous value for investors seeking wealth preservation and wealth generation.
I will be purchasing some in the weeks ahead and will update you with additional information.
Live and Trade With Passion My Friends,