I've learnt that we can now invest in gold directly in crypto, which is quite exciting as I don't trust any bank or broker, so here's a few questions:
Is this safe? What is the best within Paxos or Tether gold, is this as trustable as USDT/Stablecoins? How to buy it?
Posted by Purrfect_bu
4 Comments
Who are you trusting with digital gold lol
Not
With digital gold you don’t trust gold but who emits the digital token
Don’t trust physical assets to a custodian. While Paxos and tether are reputable, and don’t require KYC to hold or transfer the token, you aren’t holding the physical gold and we can’t be certain on many risks. I use stablecoins and tokenized RWA for short periods, but I personally would rather hold the underlying asset for long durations.
Not your keys, not your coins. Not your vault… not your gold. For this reason, I’m stacking assets like bitcoin and continuing to stake ETH because I’m certain of what I own and why they matter.