Opinions on PAXG (digital gold)

Hi guys,

What is your take on PAXG aka gold backed cryptocurrency owned by Paxos?

They seem to have monthly audits on this token and they claim that their token is fully backed by gold underlying asset owned and safely stored in London if i read correctly.

Is this a good token to buy during times of global crysis like this? (war, food shortage, high prices, crypto bearmarket etc) Does it have a good potential to rise against those crypto depreciating assets? I dont know much about gold because i didnt own any but i was hearing alot of news about it being a good option during times like those.. what do you know about PAXG and gold in general, is it a good pick?