Just checked the numbers on PAXG and honestly, it's looking way more interesting than Bitcoin right now. Gold's been on a tear this year and Pax Gold is tracking it pretty closely, up about 42% over the past year. Meanwhile Bitcoin is actually down 12% — wild, right?

I've been thinking about where to throw $500 into best cryptos to buy, and gold-backed tokens are actually making sense to me now. With PAXG trading at $4.77K per token, you're basically getting direct exposure to physical gold stored in London vaults without dealing with ETF management fees eating into your returns. Each token is backed by actual gold held by Paxos Trust Company, so it's not just some random token.

The thing that gets me is the comparison to traditional gold ETFs. Yeah, you could buy iShares or SPDR gold funds, but with PAXG you get fractional ownership, 24/7 trading, and no annual expense ratios. Over time that actually adds up. Plus the market cap just hit $2.36B, so it's not some tiny illiquid thing anymore.

That said, I'm not pretending PAXG is the best cryptos to buy forever. Gold's having a crazy run right now and there's no guarantee that continues. The real play here is that when most crypto is struggling, gold-backed assets are actually holding up. It's different from the usual crypto volatility, which is kind of the point.

Anyone else looking at gold tokens as part of their best cryptos to buy strategy? Feels like people are sleeping on this while chasing the usual suspects.