PAX Gold / USDT forum
PAXGUSDT This is going down y’all. Gold is going to sell off into risk assets.AKA crypto first
PAXGUSDT Sell Cycle
PAXGUSDT It's crucial to clarify that describing PAX Gold (PAXG) as strictly "pegged" to the gold price might oversimplify or misrepresent the relationship between PAXG and the price of physical gold. PAXG aims to reflect the value of a troy ounce of gold, with each token representing ownership of gold stored in secure vaults. However, the dynamics of the cryptocurrency market can lead to situations where the price of PAXG on trading platforms doesn't exactly match the spot price of gold at every moment. Market demand, trading volume, and liquidity can all influence the price of PAXG, potentially leading to discrepancies.Investors should be aware that while PAXG provides a blockchain-based approach to gold investment, implying a one-to-one mirror of gold's market price might not capture the full picture. The token's value is closely related to the price of gold, and it is designed to offer a way to digitally hold and trade gold. Yet, its price on exchanges can be affected by factors typical to cryptocurrency markets, which can include speculation, trading strategies, or shifts in investor sentiment.
Therefore, while PAXG presents an innovative and accessible way to invest in gold, caution should be exercised. Investors looking for a direct and unaltered reflection of gold's spot price might need to consider these market dynamics when making investment decisions.
PAXGUSDT Manipulation, no pegging, Paxos are a bunch of liarsPAXGUSDT Paxos Gold is manipulated hard by orderbook spoofers. 1:1 gold, bs