I don’t know enough to work out if I can trust PAXG, Tether Gold or any of the other gold stablecoins for the long term.
My attitude to gold is to
- have some where I can hold it
- some allocated in a vault outside the banking system in a different country than the one I live in
- some on exchanges for liquidity and quick trades.
Something like PAXG falls into the last category. So do GLD, and other gold-backed ETFs. They are liquid and you can trade in fractions of an ounce. The trading costs are fractions of the mark-up when buying physical PMs (esp. silver).
Periodically rebalance between the three categories above.
