The competition between digital gold and physical gold has recently taken on new twists. We often see this pattern in the market: first, the gold price is driven up, then there is a sell with bearish market to short, followed closely by news about artificially synthesized gold. This operation is indeed quite interesting.

In such a large environment, is there still potential for gold tokens like PAXG? Each position corresponds to one ounce of physical inventory, and a physical inventory check must be conducted every month. Compared to the virtual nature of BTC, is this token form, which has physical backing, more reliable or more of a burden? The market oscillates between gold and digital assets, and investors are becoming increasingly rational in their choices. The true value may still need time to be validated.