{"id":22712,"date":"2023-07-22T13:22:39","date_gmt":"2023-07-22T17:22:39","guid":{"rendered":"https:\/\/coincentral.com\/?p=22712"},"modified":"2023-07-24T08:40:40","modified_gmt":"2023-07-24T12:40:40","slug":"top-gold-backed-cryptocurrency-tokens","status":"publish","type":"post","link":"https:\/\/coincentral.com\/top-gold-backed-cryptocurrency-tokens\/","title":{"rendered":"8 Top Gold-Backed Crypto Tokens &#038; Where to Buy (Updated 2023)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bitcoin, the cryptocurrency flagship, is often referred to as \u201cdigital gold\u201d to indicate its utility as a store of value. However, rapid price swings in its short history are concerning to would-be investors keen on exploring digital assets, but with a preference for stability.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The \u201cgold vs. Bitcoin\u201d debate is almost as old as Bitcoin\u2013 with Peter Schiff often taking the anti-BTC pro-gold stance. <\/span><\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/h1GzqhSC8OI\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Despite cryptocurrency\u2019s growing popularity, many would-be cryptocurrency investors are swayed from buying or holding digital assets due to the industry\u2019s volatile nature.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, what if cryptocurrency could mimic the price of gold while maintaining the advantages of its digital nature? What if people could leverage the benefits of holding gold without actually having to hold and protect heavy bricks of gold?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold-backed, also referred to as \u201cgold-pegged\u201d, cryptocurrencies are backed by the physical value of gold. Like stablecoins, most gold-backed cryptocurrencies represent a physical collection of gold custudied by the stablecoin issuer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following gold-backed cryptocurrency guide explores the most popular gold-pegged tokens, who is behind the project, and other pertinent information.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Gold-Backed Tokens 101: How Does Gold Crypto Work?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Gold-pegged cryptocurrencies are designed in a similar way to <\/span><a href=\"https:\/\/coincentral.com\/types-of-stablecoins\/\"><span style=\"font-weight: 400;\">stablecoins<\/span><\/a><span style=\"font-weight: 400;\">, but rather than being backed by fiat are backed by the value of physical gold.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/coincentral.com\/what-are-gold-pegged-tokens-how-to-invest-in-gold-via-crypto\/\"><span style=\"font-weight: 400;\">Gold-pegged tokens<\/span><\/a><span style=\"font-weight: 400;\"> aim to prevent price fluctuations by tying the derivative asset to a tangible asset. Theoretically, the cumulative price of the tokens shouldn\u2019t be less than the value of the physical assets<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The amount of gold used to back a particular gold-pegged cryptocurrency must be held in gold reserves, which are commonly held at banks and other third-party institutions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold-pegged tokens vary in how they\u2019re backed. For example, some tokens are backed at a ratio of 1:1, in which<\/span><b> one token is equivalent in value to 1 gram of gold, whereas others will use different ratios.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">As the value of gold increases, so should the price of a token, making it a more stable investment than other cryptocurrencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most gold-backed tokens allow investors to redeem tokens for gold, similar to how dollar-pegged stablecoins generally can be traded for their $1.00 equivalent in fiat.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are several advantages to gold-pegged tokens:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can own a token with the same value as gold, without needing to physically hold gold.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gold\u2019s value is less prone to price fluctuations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It\u2019s a more straightforward route into the commodities market<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">However, there are also a few disadvantages:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Although gold can protect from the downsides, it historically doesn\u2019t carry similar returns to cryptocurrencies as BTC or ETH.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Market growth tends to be slower than other cryptocurrencies.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Digital assets pose new inherent risks that the physical asset doesn\u2019t and are also without many of the same protections.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Gold-pegged tokens are a steady asset for those seeking stability in their digital portfolio.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To compile our list of the most popular gold-pegged tokens, we evaluated the company that created the token, the current market cap, and the unique features of each project.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Perth Mint Gold Token (PMGT)\u00a0<\/span><\/h2>\n<h1><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-22713 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08.png\" alt=\"Perth Mint Gold Token Website\" width=\"2048\" height=\"829\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08-591x239.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08-621x251.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08-300x121.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08-874x354.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08-768x311.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08-1536x621.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.48.08-600x243.png 600w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/h1>\n<p><span style=\"font-weight: 400;\">Perth Mint Gold Token (PMGT)\u00a0 is one of the few cryptocurrencies validated by the government. Instead of the gold stores being held by a private company, all gold purchased at PMGT is traded and stored at The Perth Mint.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Physical gold blocks support the currency at a 1:1 ratio and has a market cap of $2,212,088. Buyers are given digital gold certificates every time they buy the token. These certificates can be traded for gold bullion, which can be delivered directly to their address.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the transaction, investors are not required to pay any transaction fees. In addition to this, they don\u2019t need to pay for storage or any ongoing management fees should they choose not to hold the gold themselves.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The token can only be purchased at <\/span><a href=\"https:\/\/www.independentreserve.com\/\"><span style=\"font-weight: 400;\">Independent Reserve<\/span><\/a><span style=\"font-weight: 400;\">, though talks are in place for PMGT to be listed on other exchanges.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Gold Coin (GLC)\u00a0<\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-22777 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50.png\" alt=\"Gold Coin GLC\" width=\"2698\" height=\"1282\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50-591x281.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50-621x295.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50-300x143.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50-874x415.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50-768x365.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50-1536x730.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.49.50-600x285.png 600w\" sizes=\"(max-width: 2698px) 100vw, 2698px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Gold Coin (GLC) is an ERC-20 coin developed by Digital Gold LTD. The cryptocurrency was built and is maintained by a group of volunteers who believe in the promotion of economic freedom.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s backed by a ratio of 1000 GLC per ounce of gold and has a market cap of $1,807,944. When holding GLC, investors have access to unique features such as two-minute confirmation speeds, making it the fastest transaction of all gold-pegged tokens.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GLC also offers an exclusive Goldcoin Wallet for any gold purchased, and there are no transaction fees, making it extremely easy for investors to buy and hold their gold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold Coin is available on the following exchanges: <\/span><a href=\"https:\/\/cryptoexchange.com\/\"><span style=\"font-weight: 400;\">CryptoExchange.com<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/goldcoin.com\/\"><span style=\"font-weight: 400;\">Goldcoin.com<\/span><\/a><span style=\"font-weight: 400;\">; it can be bought with credit and debit cards. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">DigixGlobal (DGX)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">DigixGlobal is a Singapore-based company that provides gold-pegged DGX tokens. The DGX token is backed on a\u00a0 1:1 ratio and has a market cap of \u200b\u200b$1,183,867. Each token represents 1 ounce of gold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The gold is stored in both Singapore and Canada, which is a unique value add compared to other gold-backed tokens on this list; by having storage locations in two parts of the world, the risks of just having a single location are mitigated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">DigixGlobal charges a 1% fee per exchange and assumes the demurrage (shipping) fee. The only exchange you can currently buy DGX is <\/span><a href=\"https:\/\/coinsquare.com\/\"><span style=\"font-weight: 400;\">Coinsquare<\/span><\/a><span style=\"font-weight: 400;\">, which can be purchased with Bitcoin (BTC) or Ethereum (ETH).\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Meld Gold by Algorand (MCAU)<\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-22716 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09.png\" alt=\"Meld Gold\" width=\"2048\" height=\"816\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09-591x235.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09-621x247.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09-300x119.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09-874x348.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09-768x306.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09-1536x612.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-10.59.09-600x239.png 600w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Meld Gold was created by Algorand as a stable alternative to altcoins; it makes gold investing accessible to investors in the form of Meld Digital Gold Certificates. Each gold certificate is equivalent to 1 gram of physical gold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The tokens (certificates) are secured on the Algorand Wallet, making them easily accessible to investors who already own a wallet. Meld launched a partnership program to attract leaders in the gold, financial, and technology sectors to collaborate and brainstorm the token\u2019s future.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can currently buy Meld at <\/span><a href=\"https:\/\/www.btcmarkets.net\/\"><span style=\"font-weight: 400;\">BTC Markets<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Tether Gold (Gold)<\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22779 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31.png\" alt=\"Tether Gold\" width=\"2512\" height=\"1154\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31-591x272.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31-621x285.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31-300x138.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31-874x402.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31-768x353.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31-1536x706.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-28-at-10.55.31-600x276.png 600w\" sizes=\"(max-width: 2512px) 100vw, 2512px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Tether built its reputation as one of the most popular stablecoins. Tether Gold was introduced in 2020, and it grew to one of the most popular gold-pegged tokens with a market capitalization of $469 million USD.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One token represents one fine troy ounce of gold on a London Good Delivery bar. The Tether Gold reserves are held in Swiss vaults, and investors are required to pay a small 0.25% fee per transaction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tether Gold can be purchased on Coinbase. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">AABB Gold Token (AABBG)<\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22718 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10.png\" alt=\"AABB Gold Token\" width=\"2048\" height=\"752\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10-591x217.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10-621x228.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10-300x110.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10-874x321.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10-768x282.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10-1536x564.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.02.10-600x220.png 600w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">AABBG is somewhat of an anomaly in the crypto space as the founding company has no prior experience in cryptocurrency or finance. Instead, AABBG was founded by Asia Broadband Inc. (AABB). AABB is a resource company focused on the production, supply, and sale of precious and base metals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Unlike other gold-pegged tokens in which the gold comes from various sources, 100% of the gold purchased using AABBG comes directly from the company\u2019s mining project. This cuts out the middleman and ensures investors get their gold directly from the source. It then uses a unique mine-to-token gold-backing format that verifies gold assets displayed by each token.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The token has a current market cap of $97,382,859.21. It can only be purchased using an <\/span><a href=\"https:\/\/aabbgoldtoken.com\/faqs\/how-do-i-purchase-aabb-gold\/\"><span style=\"font-weight: 400;\">official AABB Wallet<\/span><\/a><span style=\"font-weight: 400;\">, and requires Bitcoin or Ethereum to make the transaction. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">AurusGOLD (AWG)<\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22719 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18.png\" alt=\"AurusGOLD\" width=\"2048\" height=\"757\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18-591x218.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18-621x230.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18-300x111.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18-874x323.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18-768x284.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18-1536x568.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.04.18-600x222.png 600w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">AurusGOLD, better known as AWG, is minted by gold traders who arbitrage between the AWG and bullion gold markets. It has a market cap of $1,880,988.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Each token can be redeemed for 1 gram of gold supplied from London Bullion Market Association (LBMA) certificate refineries. If investors aren\u2019t interested in gold but have an interest in holding other precious metals, AWG has also diversified into the precious metals niche. Investors can purchase tokenized precious metals the same way they would gold and hold them in their crypto wallets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AWG can be purchased on several Aurus-partnered exchanges and precious metals dealers. The most popular exchange is <\/span><a href=\"https:\/\/cex.io\/\"><span style=\"font-weight: 400;\">CEX.IO<\/span><\/a><span style=\"font-weight: 400;\">, and precious metal dealers include <\/span><a href=\"https:\/\/directbullion.com\/aurus-gold-awg\"><span style=\"font-weight: 400;\">Direct Bullion<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/aurica.cl\/categoria-producto\/tokens\/\"><span style=\"font-weight: 400;\">Aurica Group<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">PAX Gold (PAXG)<\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22720 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23.png\" alt=\"PAX Gold\" width=\"2048\" height=\"766\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23.png 2048w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23-591x221.png 591w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23-621x232.png 621w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23-300x112.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23-874x327.png 874w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23-768x287.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23-1536x575.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Screenshot-2022-04-14-at-11.05.23-600x225.png 600w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Pax Gold was founded by Paxos, a US-based trust company and custodian. Each token is equivalent to one troy ounce of a London Right Delivery bar of gold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The PAXG token was launched in 2019 and is backed by gold stores in Brink\u2019s vaults, which the London Bullion Market Association approves. It has a market cap of $610,389,228 and is the only gold token that investors can redeem for LBMA-accredited Good Delivery gold bullion bars.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The easiest way to buy PAX Gold is through Coinbase, where it can be bought with Ethereum (ETH).\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Final Thoughts: The Future of Gold Pegged Tokens\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Despite having a reputation for being one of the safer investments, owning physical gold isn\u2019t particularly easy. It can be held in the form of physical bullion and stored at home, or holders can pay a storage facility to hold them for a fee.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold-pegged tokens make it significantly easier for individuals to own gold without ever needing to store it themselves.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a cheaper and more convenient alternative, we may one day see gold-pegged tokens become the new dominant form of gold ownership for a global, decentralized base of people.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the future of gold-pegged tokens may look completely different.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For one, various <\/span><a href=\"https:\/\/coincentral.com\/decentralized-finance\/\"><span style=\"font-weight: 400;\">decentralized finance<\/span><\/a><span style=\"font-weight: 400;\"> projects and decentralized exchanges allow people to earn interest on their gold deposits in a variety of mechanisms, such as lending or through <\/span><a href=\"https:\/\/coincentral.com\/defi-liquidity-pool-guide\/\"><span style=\"font-weight: 400;\">liquidity pools<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some highly experimental projects are even creating synthetic assets that derive their value algorithmically rather than basing it on a physical deposit of assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While this list is by no means exhaustive (nor is it prescriptive, none of our content is investment advice; it\u2019s important to educate yourself about the intersection between traditional finance (gold) and decentralized finance (cryptocurrency).\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin, the cryptocurrency flagship, is often referred to as \u201cdigital gold\u201d to indicate its utility as a store of value. However, rapid price swings in its short history are concerning to would-be investors keen on exploring digital assets, but with a preference for stability.\u00a0 The \u201cgold vs. Bitcoin\u201d debate is almost as old as Bitcoin\u2013<\/p>\n","protected":false},"author":8981,"featured_media":22784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":1035,"footnotes":""},"categories":[5714],"tags":[28009,28010,28012,28013,28011,28014],"class_list":{"0":"post-22712","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-articles","8":"tag-gold","9":"tag-gold-backed-crypto","10":"tag-gold-coin","11":"tag-paxg","12":"tag-pmgt","13":"tag-tether-gold"},"wppr_data":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>8 Top Gold-Backed Crypto Tokens &amp; Where to Buy (Updated 2023)<\/title>\n<meta name=\"description\" content=\"Gold backed tokens are cryptocurrencies backed by physical gold, providing users the ability to diversify into gold without holding the metal.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coincentral.com\/top-gold-backed-cryptocurrency-tokens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Pegged Tokens: The Future of Gold?\" \/>\n<meta property=\"og:description\" content=\"\u201c&nbsp;\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coincentral.com\/top-gold-backed-cryptocurrency-tokens\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinCentral\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-22T17:22:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-24T12:40:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coincentral.com\/wp-content\/uploads\/2022\/04\/Gold-backed-crypto.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jack Cole\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gold Pegged Tokens: The Future of Gold?\" \/>\n<meta name=\"twitter:description\" content=\"Gold pegged tokens are a cryptocurrency alternative backed by physical gold. 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After working as a copywriter for 3 years, Jack was introduced to the crypto industry and hasn't looked back. His articles cover a range of topics from NFTs and crypto gaming to upcoming projects in the crypto niche. 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