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See the live PAX Gold price in EUR. Buy PAX Gold or add it to your Crypto Strategy.

PAX Gold

PAXG

PAXG to EUR Price

€1,898.92

PAX Gold Market Cap

€366.54M

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PAXG EUR price chart / performance

PAXG EUR price chart / performance

Risk warning|
From
Feb 26, 2024
To
Mar 4, 2024

Returns

Returns

Return (24h)
+1.80%
Return (7D)
+3.07%
Return (1M)
+1.51%
Return (1Y)
+9.17%

My Investment

My Investment

Profit Taken
€0.00
0%
Profit/Loss
€0.00
0%
You Have:
€0.00

PAX Gold (PAXG) History and Overview

PAX Gold (PAXG) History and Overview

PAX Gold (PAXG) carves its niche in the cryptocurrency domain as a distinctive ERC-20 stablecoin, providing investors with fractional ownership of physical gold reserves securely stored in London vaults. Unlike conventional stablecoins, PAXG is not tethered to a fiat currency like the US dollar or euro but is directly linked to physical gold.

Intrinsic Value and Security

PAXG stands out for its intrinsic value and security, with each token equivalent to one troy ounce of a 400-ounce London Good Delivery gold bar, safeguarded in accredited gold vaults. Consequently, the value of PAXG is intrinsically tied to the real-time market value of that physical gold, ensuring that the token represents actual gold ownership and its price fluctuates with the market value of gold.

Potential Risks

When investing in PAX Gold (PAXG), it's important to be aware of the potential risks involved. The value of PAXG is subject to daily fluctuations in the gold market, which can be influenced by factors such as economic conditions and political events. Additionally, changes in government regulations can impact the use and value of PAXG tokens and introduce new compliance requirements. There is also a risk of redemption, where PAXG tokens may not be redeemable if the custodian fails to make the underlying assets available or if the issuer becomes insolvent. PAXG is also subject to depreciation risk, meaning its value can decrease if the value of the underlying gold drops or if the administrative organisation faces issues. Finally, operational risks related to the management and security of digital assets require secure storage and management of private keys associated with digital wallets to mitigate the risk of unauthorised access or loss.

There is also a possibility that PAXG could become de-pegged from its underlying asset, which could impact its value and stability.

How To Buy PAX Gold or Add it to your Strategy

The fastest, most convenient way to purchase PAX Gold is to purchase it on ICONOMI. We check PAX Gold live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy PAX Gold by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if PAX Gold is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy PAX Gold, we recommend you read the next section, as copying might be a better approach.

Add PAX Gold to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have PAX Gold in their structure.

Posts

Here you can read and comment on all posts made by Strategists about PAX Gold PAXG. See all PAX Gold price predictions in real time and make the best use of their crypto knowledge.

We see some profit-taking from investors in our Strategy.


First of all: Taking profits is always good! Well deserved. Enjoy it.


At the same time, we 'd like to point out that we expect this bullmarket to continue. The biggest part of the move up still has to come. So don't get out too soon. You were all here through the bad times. Don't miss out on the next altseason. We expect $BTC above 100k and we expect many alts to 5-10 X in the next year.


It is also good to know, that we as strategists will take profits too and lower the riskprofile of our portfolio by gradually going to $USDT and $PAXG and $BTC and $ETH. Our goal is to help our investors taking profits, by doing it ourself. We don't aim to time our exit perfectly as it is impossible, but we will change our allocation if the risk-reward in crypto gets skewed to the downside.


Another mistake investors often make is momentum-chasing. During weekends like this lots of small cap crypto's and strange projects can pop and go up a lot. Be careful and patient! We still believe that $SOL, $LINK , $INJ and $RUNE will be the big winners in the alts. Probably KASPA as well, but we don't invest in that.


A rising tide lifts all boats: the good, the bad and the ugly. But remember, when the tide turns, you want to be out of the bad and the ugly (and probably even out of the good).


Keep the faith. Trust yourself. Be smart and happy.


🚀🚀🚀

9 people like this
CARUS-AR
27 Feb, 2024

It has been 8 days since our last 'profit take rebalance'. Let's do our fifth. Adding 0.5% extra to Bitcoin $BTC, Gold $PAXG and USD $USDC.

We now hold: 2.5% USD, 2.5% Gold and have 16.5% Bitcoin.

Post image
13 people like this

Forgot to mention, we lowered our weekly best performers 0.5% to do this: RNDR NEAR and ROSE.

We are currently in the high volatility zone for all risk assets in the financial markets. While we are encouraged by the outlook for the broader crypto and $BTC market in months ahead, the probability of an elevator down move to wash all the late longs is increasing.


We are appropriately positioned for this move, ready to increase our core Bitcoin position and to deploy into selected alt-coins from our $PAXG holdings.

One person likes this
ALTeban1
22 Feb, 2024

We took some $RLC and liquified in $PAXG.

One person likes this
Pigster Crypto
21 Feb, 2024

Buying this correction with our $PAXG position. Also added 3% of $ARB. Still have a 5% $PAXG position, if things continue to go sideways.

4 people like this

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PAX Gold Price FAQ

What Is the Highest Price of PAX Gold (PAXG) in EUR?

PAX Gold (PAXG) price history shows the highest value of 1,905.83 EUR . We recorded this price on December 4, 2023, but we cannot exclude that a higher price was registered before February 24, 2021.

What Is the Lowest Price of PAX Gold (PAXG) in EUR?
How to buy PAX Gold (PAXG)?
What Is the Current Price of PAX Gold (PAXG) in EUR?
Is PAX Gold (PAXG) a good investment?