My ex-student currently works as a market analyst for Fullerton Markets and hence, knows a thing or two about trading gold. He is into crypto-investing too, so I advised him to exploit his unique position of being in the confluence between traditional finance and digital assets and write articles that discuss how to navigate gold and crypto markets alike.
In a similar vein, there is an app called Hugo App that empowers the ordinary man in the street to invest his spare change into gold. So you can go about your daily routine and pay for stuff with a Platinum Visa debit card and then have these few cents invested into buying tiny scraps of gold. I’m fully engrossed in the crypto space now, but I do want to explore this app once I set my crypto portfolio into motion in regards to generating healthy passive income.
So for some reason or other, I have been eyeing gold. Which explains why I was intrigued when my good pals informed me about Paxos Gold.
Paxos Gold is a token that is pegged to gold prices and backed 1:1 with physical gold. One can earn yield on Paxos Gold through competitor earning platforms. It even has its own USD stablecoin.
But my pal decided against buying it in the end because he felt that gold and silver prices were extremely subjected to market manipulation. Well I’m definitely keen to DYOR. I enjoy learning about new stuff, you know?
Are you invested in Paxos Gold yourself? What are your thoughts about it?
