This Crypto Allows You To Invest in Gold

Purchasing a gold bar can be difficult for most people, but with this stablecoin, you can have your own digital stash of the precious metal.

As of October 31, popular cryptocurrencies such as Bitcoin (BTCUSD +0.08%) and Ethereum (ETH 0.33%) have experienced significant price drops throughout the month, which could spook investors more than Halloween itself. However, there’s one crypto that has been on a tear for the month, reaching all-time highs nearly every day. It’s a stablecoin, but vastly different from the common ones.

A stack of generic gold coins.

Image source: Getty Images.

PAX Gold Reaches All-Time High For Fourth Straight Day

PAX Gold (PAXG +1.70%), one of the few stablecoins backed by gold, reached an all-time high of $4,765 on October 16. This is vastly…

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