Investing in Gold through Tokenized Cryptocurrencies: Discover the Best Options
Saturday, 13 April 2024, 17:28
Gold price index
As of writing, the TradingView index for gold marks an all-time high of $2,431 per ounce. Bloomberg Intelligence forecasts gold could reach $3,000 per ounce.
Gold investment alternatives
Some young Chinese investors have turned to gold tokens for more accessible exposure. Finbold selected Tether Gold (XAUt) and Pax Gold (PAXG) as top choices.
Tether Gold (XAUt)
- Market cap: $577.75 million
- Currently trading at: $2,345 per ounce
PAX Gold (PAXG)
- Market cap: $435 million
- Currently trading at: $2,385 per ounce
In conclusion, Tether and Paxos tokenized gold cryptocurrencies provide accessible investment options, but investors must assess the associated risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.