PAX Gold vs Physical Gold vs Gold ETFs | or decades, investors relied on ETFs (like GLD) for exposure. But in the 2026 macro environment, defined by banking fragility and the April 2026 Ethereum “Glamsterdam” upgrade, Paper Gold is a liability. The market is shifting to Tokenized Real World Assets (RWA). Why? Because PAXG and XAUT offer something ETFs and Spot Gold cannot: Settlement Finality and Programmable Yield. At a Glance: Gold Investment Comparison (2026…