Precious metals intelligence

PAX Gold vs Physical Gold

PAXG offers fractional ownership of London vault gold via an ERC-20 token. The convenience is real; so are the tradeoffs.

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What you actually own

Each PAXG token represents one fine troy ounce of London Good Delivery gold custodied by Brink’s for Paxos Trust. Audit reports publish monthly.

Costs

PAXG fees include a small on-chain transfer fee and creation/redemption fees. Total carry can be lower than ETF expense ratios for buy-and-hold, but trading fees stack up for active use.

Risks

Token holders accept Paxos counterparty risk, custodian risk, and smart-contract risk on top of gold price risk. Physical bullion has none of those but adds storage and verification burden.

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Disclosure

APMEX

Broad bullion catalog

Coins, bars, and market references.

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JM Bullion

Retail bullion pricing

Useful for comparing product premiums.

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SD Bullion

Dealer quote check

Good for bid, ask, and spread discipline.

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Money Metals

Bullion and storage context

Useful for physical-market terms.

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Sponsored/affiliate links may earn commission. Confirm dealer terms, taxes, shipping, storage, and account fit before using a quote.

Data and financial disclosure

MetalBrief publishes market information, tools, indicators, and educational context, not account-specific investment, legal, tax, or financial advice. FX conversions, macro proxies, headlines, RSI, support, resistance, and opportunity scores are derived unless labeled as market data.