I am looking to move some of my savings into gold, but I am worried about how hard it is to sell physical bars quickly without losing money on dealer spreads. Has anyone here actually tried using digital tokens instead of the physical stuff?
I was looking at streamex and their GLDY token, which is supposed to be backed by physical gold but also pays out a yield. Does it actually work like a stablecoin where I can just swap it back to USDC or cash instantly if I need the money? I wanna know if this is a better move for someone who wants to stay liquid rather than keeping a safe at home.
What are the risks of going digital for a long-term hold?
Are tokenized commodities actually more liquid than physical bars?
byu/rennan inCryptoCurrency
Posted by rennan
1 Comment
Buying physical is a ripoff for retail investors unless your plan is to spend decades stacking. You will end up buying it at a premium above spot and if you want to sell it, you will most likely have to sell it below spot with a lot of hassle involved. With PAX gold, you buy it at market price and you sell it at market price and all it takes is the click of a button on your phone.