The price of gold is always fluctuating. Alpha Bullion constantly updates our PAX Gold prices on our Bullion Exchanges physical gold products to maintain a 1:1 ratio between PAX Gold and physical gold at all times. All Pax Gold tokens are backed by physical gold bars kept securely in London’s safest vaults and held in custody by Paxos until redemption.
While physical gold often comes with hidden storage and shipping fees, PAX Gold allows you to buy guaranteed gold tokens with no hidden fees or extra work. And because Paxos is officially chartered by the New York State Department of Financial Services, you can rest assured that each of your Pax Gold tokens is 100% equivalent to one ounce of gold, meaning that owning PAX Gold is essentially the same as owning physical gold.
PAX Gold’s lack of hidden fees makes it a great alternative to competitors and even physical gold when it comes to collecting gold over time. PAX Gold comes with no premiums and no storage fees, so customers on a budget can simply collect it as they are able, then trade it in for physical gold once they are ready. Compared to the premiums involved in collecting, storing, and shipping small amounts of physical gold over time, PAX Gold presents a great opportunity to save.
To keep up to date with the current market price of gold, Alpha Bullion also offers live charts for the spot price of gold and Pax Gold, as well as how it compares to other precious metals and cryptocurrencies.