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Leader in the precious metal market in Northern and Eastern Europe
- Gold
- Silver
- Currency exchange
The Tavex Group was founded in 1991 and has firmly established itself as a leading precious metals and forex dealer in Northern Europe, serving on average 2 million clients annually.
S e r v i c e s
Buy and sell gold from Tavex
Investment gold
Our services include trading of gold coins and bullion for investment purposes. We are partners only with the most trusted mints in the world.
01
Buy and sell silver from Tavex
Investment silver
Tavex offers a wide range of silver coins and bars for all types of investors. We have a direct supply network with the main precious metal producers. This, combined with efficient and well-planned logistics, guarantees the best price on the market.
02
Sell your gold and silver jewelry
Scrap gold and products
Tavex also buys gold and silver jewelry at the best price in the market.
03
Exchange currency in Tavex
Currency exchange
We have an excellent course and low fees and friendly customer service.
04
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 in 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 invest in physical gold.
1oz costs around 409.53 USD 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 investment 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 investment 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 investment 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 operate in all Scandinavian countries. Where we’re a household name among bullion investors.
Tavex and Poland
Tavex Group continued its expansion in Eastern Europe when Tavex Sp. z o.o. was established in Poland. The first office opened in Warsaw in 2015, followed by the second office 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.
Tavex expands to Romania
In September 2019 Tavex expands to a new European market – Romania. We opened our first office in the capital Bucharest in one of the biggest shopping malls – AFI Cotroceni.
Tavex Group in numbers
Key numbers about our business and achievements.
Here are some facts
We have sold almost 50 tons of gold in the last 10 years to millions of satisfied clients.
With quality, always comes quantity.
We have strong values and we live by them every day
Every employee, every manager, and every client shares these values with us.
Our extensive experience enables us to offer you the best services
We offer you the best prices and the best service.
