Paxgold PAXG maintains a 1 to 1 ratio with one troy ounce of gold. Gold is moderately deflationary, growing worldwide at a rate of about 1.9% per annum. The supply of PAXG tracks the physical supply of gold. I have checked the price of PAXG, and it does mirror the spot price of gold. Gold holds one advantage over crypto, in that it is a reserve asset in every Central bank in the world. Buying has been heavy, and will continue to be as long as fiat exists. Bitcoin or other crypto as a reserve asset has been shunned by some large countries, most notably China. Fear of loss of control over monetary aggregates no doubt a factor. It is something I am considering, in addition to BTC. #PAXG