PAX Gold vs Physical Gold vs Gold ETFs | Traditional Gold ETFs (like GLD) continuously bleed your capital through 0.40%–0.50% annual management fees while reducing your wealth to a revocable paper IOU. On the other end of the spectrum, securing physical gold bars exposes your portfolio to massive dealer premiums, transport vulnerabilities, and rigid cross-border confiscation risks. The Direct Verdict: PAX Gold (PAXG) eliminates both frictions entirely. It is the only asset that merges the…