Bitcoin Forum

There are many Gold-backed crypto assets listed on the market which brings investors the best of both worlds. Digix is the most popular Gold-backed token with very high liquidity on the market. There is another alternative called "Paxos Gold" which serves nearly the same purpose as the Digix token. Whenever they're able to live up to their claims of being "backed by Gold" it's yet to be seen. Despite this, I'm still curious to know which one is the best as a long-term investment.

Will it be Digix or Paxos Gold? If not, which Gold-backed cryptocurrency do you consider to be the best? Any help, suggestions or recommendations will be greatly appreciated. Thanks in advance. :)

IMO Paxos Gold will prevail over DGX, but both are stable.

The only gold-backed token I'm avoiding is Tether Gold (XAUT). If SEC goes after Therher (USDT) or they failed to prove $20bn in reserves, people will make a bad name association.

i've been seeing this a lot https://bitcointalk.org/index.php?topic=5164058.0 i'm not quite sure about it so maybe you could check it for yourself.
but it looks like they're doing great here in the forum.

I don't know the best Gold-backed cryptocurreny but the GOLD project with their GOLD tokens are backed by real gold bars that are stored in Vault in Singapore. The details to verify the gold bars in vault is provided https://gold.storage/en/audits


They have marketplace to buy, sell or convert GOLD tokens to Bitcoin or Ethereum. https://gold.storage/en/market

When talking about gold, i really can't trust any online organization. What's wrong with you guys? you want everything to be available here at the cryptocurrency space?
There's Paxos, it's the only one that i can really think about right now, even if there's other coins or tokens then i might say that it's risky, you don't know what's going to happen if something wrong happens to the foundations holding your assets. Just take a look at Veritaseum and you'll know what i mean.

The crypto world is covered by a real virtual gold rush. There are reports that even some States want to register their gold reserves in cryptocurrency. The main idea, of course, is clear. I have heard that some of the cryptocurrencies that have gold collateral do not detail how they store and account for gold.

It's always important to separate the good ones from the bad ones. I have never trusted Tether because of its shady operations. There's no telling if they'll be able to live up to their claims of backing their stablecoins with real world assets. Investors buying Tether Gold will be fooled in the long run, as Bittrex shuts down its operations. Both Digix and Paxos Gold are the most trusted Gold-backed crypto assets on the market because of their regulatory compliance. More legitimate options are needed in order to ramp up the competition on the market.

As long as these so-called Gold-backed cryptocurrencies retain their value, investors will be able to enjoy the best of both worlds. The goodness of Gold combined with Blockchain tech, opens up a whole new world of possibilities. We could see renowned companies, banks, and other institutions offering Gold-backed tokens to their customers. They will hold physical Gold for you in a vault, redeemable anytime for the Gold tokens you hold on the Blockchain. It's similar to an IOU or a Gold certificate. In my eyes, Digix and Paxos Gold will always be the best Gold-backed cryptocurrencies in the world because of the many benefits they provide to investors. Regulatory-compliance is what makes them a trustworthy investment for the long term. Just my thoughts ;D

Agree.

The first time sees some projects who not just saying word-by-word their token based on GOLD because sometimes a new ICO saying their token based by gold but the price not following gold price ~LOL

As we can see the price was really stable without some issue.