The PaxGold stablecoin is tradeable 24/7. On the back of Trump's Tariff announcement, it went parabolic trading above $3,000 at some point...
PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. Source: kucoin
Gold is at all time highs
Source: Martin M on X
Central Bank Gold Reserves
Interesting thing on this is how even after their big buy-up, Russia & China lag far behind USA + Eurozone holdings of gold. Source: Callum Thomas, Visual Capitalist
Gold is shining: Gold's global market cap to world GDP ratio reached a RECORD 16.7% in 2024.
This ratio has doubled in 10 years and quadrupled since 2001. Nominally, gold’s market value sits near an all-time high of ~$18.5 trillion. This comes as gold as posted an average annual return of +9.5% since 2000, making it one of the best performing major asset classes this century. Since the start of 2024, gold prices have hit 41 all-time highs and are up +33%. Source: The Kobeissi Letter
Diamonds vs. Gold
Source: Bloomberg
Putting flows into perspective
gold (in black) vs. bitcoin (in orange) etf inflows per year since launch. Source: Bitwise
Dollar's Share Of Global Reserves Hits 30-Year-Low As CentralBanks Pile Into Gold
Source: Wolfstreet.com
Believe it or not, retail ETF gold flows continued to be negative on a net basis last year.
Source: Bloomberg, The Methodical Investor
