Our vault provider maintains insurance against loss of the gold held in custody by Paxos for the benefit of PAX Gold token holders. As such, allocated gold-backed PAX Gold tokens are protected both in the vault facilities and in transit.
Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at month end that the entire supply of PAX Gold tokens corresponds 1:1 with ounces of London Good Delivery gold held in vaults.
You could find every attestation report that has been published since the launch of PAXG here.