Holy sh... - Gold! (Sorry...)
$PAXG (-0.18%) Gold-backed cryptocoin, which also tracks the gold price 1:1 over-the-counter, briefly rose yesterday evening: 3300 USD/oz (+41%)! The price is now back at USD 2480 (+6%). But the fact that such a jump is possible at all shows how tight the gold market is at the moment.
Addendum: PAXG is currently at 2330€/ oz. 1oz Krugerrand is currently available online for under 2200€. Free money? The problem: $XAUT (-0.11%) stands at 2220€/oz. What's going on?
