Short Analysis: $PAXG Gold (PAXG)
PAXG is a gold-backed cryptocurrency issued by Paxos. Each token represents **1 fine troy ounce of physical gold** stored in professional vaults. Because of this 1:1 backing, PAXG’s price closely tracks the global gold market rather than behaving like a volatile typical crypto asset.
### ✅ Strengths
* Backed by real, audited physical gold
* Easy to trade 24/7 like crypto
* Useful for portfolio diversification and inflation hedging
### ⚠️ Risks
* Relies on custodian (Paxos)
* Price moves with gold (limited upside vs high-growth cryptos)
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$5,300 │ █ █
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$4,900 │ █ █ █ █ █ █ █ █ █ █ █ █
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