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What Tavex represents
- Our Story
Tavex is a precious metals dealer, providing physical gold and silver in 14 different countries throughout Europe. Our customer base includes private individuals, high net worth clients, various businesses and financial institutions. We have firmly established ourselves as a leading precious metals and forex dealer across Europe. Tavex Group serves more than 2 million clients annually.
S e r v i c e s
Gold
Our services include providing gold bullion coins and bars. We work in partnership with only the most trusted refineries in the world.
01
Silver
Tavex provides a range of silver bullion coins and bars. We have a direct supply chain with the world’s leading precious metals producers. This, combined with efficient, well-planned logistics guarantees you the most competitive pricing on the market.
02
Consultations
Tavex has a team of carefully selected professionals. All of whom are on hand to give you advice and answer any questions you may have regarding your gold and silver purchase. So, should you have any questions, or would like any advice regarding your purchases, simply book your free private consultation. We’re happy to help.
03
H i s t o r y
The creation of Tavex
Tavid was established as a private limited company in April 1991 by Mr Alar Tamming in Tallinn, Estonia. It started with video rentals in Tallinn Video Center, hence how the company got its name, Tavid. Mr Tamming’s dedication to searching for ways to increase revenue led to the first foreign exchange transaction taking place in October 1992.
Tavex expands to Finland
The first foreign subsidiary of Tavid AS was founded in Finland in 1996. It was called Tavex OY. The company’s overseas expansion was fuelled by the growing Estonian workforce in Finland. They needed a quick and secure way to send money back home. So, an express money remittance service between Finland and Estonia was set up. This was unique at the time.
Tavex expands to Latvia
The company continued its expansion in 2002. Entering the Latvian market under the name Tavex SIA. Although the local business culture was very different there – doing business in Estonia was much simpler and more transparent at the time – hard work brought success. Tavex SIA currently has six offices in Riga.
Start of gold
Mr Tamming initially acquired a small amount of gold to maintain the value of his assets. He found the process to be drawn out and frustrating. Being a man that’s passionate about customer service, he knew he could provide a better buying experience for others.
He also knew he wasn’t the only person interested in protecting their assets against inflation. So, in 2004, Tavex started offering everyone the best way to purcase physical gold.
One ounce cost around £220 at the time.
Tavex goes to Sweden
We opened our second Scandanavian subsidiary in Sweden in 2005. Tavex AB started offering currency exchange services and selling gold. The Swedish market loved our excellent service, customer-friendly pricing, commitment and trustworthiness. As a result of this, Tavex is now a well known and established bullion dealer in Sweden, currently operating in 4 locations.
Tavex during the economic crisis
The uncertain economic situation and plunging stock markets saw many people seek refuge in gold. This resulted in a sudden surge in demand. Our robust supply chain and strong relationship with refineries meant we still met our customer’s needs. Despite the turbulence in the market, Tavex delivered 2,159kg of gold in 2008. This was a record at the time.
Tavex expands to Bulgaria
Tavex EOOD was founded in 2009 in Bulgaria. Nordic business ethics and core principles helped propel Tavex EOOD to huge success. Helping Tavex contribute to Bulgaria’s rapidly evolving business environment. Tavex now operates a total of seven offices in Sofia, Varna, Burgas and Plovdiv.
Covering Scandinavia
Tavex continued its mission in the Scandinavian market in 2011. Opening an office in Denmark, quickly followed by an office in Norway. As a result, Tavex now operates in all Scandinavian countries. Where we’re a household name among bullion purchasers.
Tavex and Poland
Tavex Group continued its expansion in Eastern Europe when Tavex Sp. z o.o. was established in Poland. The first office in Warsaw opened in 2015, and the second office followed in 2020. The third office opened in Katowice in 2020 and the fourth in Gdynia in 2021. Tavex is currently the largest bullion reseller in Poland.
A subsidiary company, TavexWise AS was founded in 2015. The aim was to provide payment services and money transfers under the TavexWise brand.
Year of Change
The pandemic has challenged everyone. During the turbulent times, people sought a safe haven. This created an unprecedented demand for gold and silver at a time when transport and logistics operations halted.
Tavex Group left no stone unturned in continuing our high standards of service. Thanks to the resilience of our team, the hard work of our partners and constant innovation, we succeeded. Delivering over 200,000oz of gold to our customers.
Tavex in 2021
Tavex is dedicated to helping more and more people buy gold and silver bullions at wholesale prices. We’ve achieved this by making purchasing gold and silver simple and secure with our award-winning website. As well as providing same-day dispatch and insured delivery. Tavex drives innovation whilst maintaining our core values. Our commitment to growth means that in 2021 Tavex is expanding to the United Kingdom, Hungary and Serbia.
Tavex in numbers
Here are some facts
In the last 7 years Tavex sold nearly 40 tonnes of gold to nearly 12 million clients.
With quality, always comes quantity.
So, come and say Hello, Hej, Tere, Helô, Cześć, Salut, Moikka, Szia or Labdien!
