Since the crypto bull market is officially canceled, it's time to rotate your bags back into the recession hedge that's been used by mankind for thousands of years.

Only the gold standard can preserve your portfolio during these trying times.

Can you get a good rate buying gold onchain?

I did the research so you don't have to. 🧵👇

One option is to buy Paxos Gold (PAXG)

1 oz buy onchain: ~$2784
1 oz sell onchain: ~$2766

~0.6% spread

Redemption fees into physical gold range from 100bps to 12.5bps depending on size

Another option is to buy tether gold (XAUt)

1 oz buy onchain: ~$2800
1 oz sell onchain: ~$2783

~0.6% spread

25bps fee on redeem

Paxos has closer spot pricing for buying and selling digitized gold, despite much higher starting redemption fees

If you're looking to diversify into gold, doing it onchain offers a better exchange rate than buying and selling in person.

Compared to using fiat, on-chain holdings have no expense ratios, only fees for purchasing and rede

Convinced it's time to rotate? TWAP into your favorite digitized gold with the best execution, only on @definitive