Investment gold

In Romania, the best-selling modern coins include the Vienna Philharmonic, the Austrian Ducat, the Canadian Maple Leaf, the Australian Kangaroo, and the Britannia.

These are not only world-renowned coins with distinctive designs but also products with high global liquidity. In terms of popularity, historical coins include those representing the French Franc standard (such as the Napoleon, Marianne, Genius, and Vreneli coins).

The troy ounce (oz) is a unit of measurement for precious metals.

1 troy ounce = 31.1034768 g

As a rule, investment gold coins do not come with a certificate issued by the manufacturer typically a mint. Unlike investment gold bars, coins do not bear a serial number.

However, much like the banknotes we use in everyday life, these coins possess specific specifications and security features that can indicate their authenticity.

These details can be verified on the websites of the manufacturer or investment gold dealers. If having a certificate is important to you, we recommend considering only documents issued by the manufacturer (where available).

The price of gold is determined internationally by the forces of supply and demand. Globally, the spot price of gold is published twice daily by the London Bullion Market Association at 10:30 and 15:00 London time.

Modern gold investment coins have a high gold purity and can be easily damaged.

Therefore, it is recommended to keep them in their protective capsules and if handling is necessary to touch them only while wearing gloves, as their condition can directly affect the price at which a dealer buys them.

As for historical gold coins, these were used in everyday life in the past, so they may show slight signs of wear.

The process of purchasing investment gold bars from Tavex is simple. Anyone can buy a bar at our offices or order one directly from our online store. It is worth noting that if the price of the bar exceeds the equivalent of 10,000 lei, the transaction must be completed via bank transfer.

When investing in physical gold in any form (coins or bars), it is important to consider proper storage.

Bars are supplied in vacuum-sealed protective packaging and its integrity must be maintained; this means no attempts should be made to remove the bar. During storage, it is recommended to avoid applying external pressure to the product.

It is recommended to trade with a reputable dealer who works directly with the largest and most recognized refineries.

Each gold bar must display all the attributes specified by the manufacturer:

• serial number;
• name of the refinery;
• details regarding the gold’s weight and purity;
• seal of the independent assayer.

Furthermore, it must meet all the physical specifications listed on the manufacturer’s website.

An investment-grade gold bar typically comes in vacuum-sealed protective packaging that also contains the quality certificate. This certificate must be issued by the manufacturer and the integrity of the packaging must remain intact.

Documents from other institutions, or those that do not list the bar’s serial number, cannot serve as a certificate of authenticity. Consequently, Tavex does not issue such certificates.

It is recommended to purchase investment gold from authorized dealers, such as Tavex.

Here are three features to look for:

• Transparent and up-to-date prices for each product (gold coin or bar);
• A presence in the local market;
• Direct sourcing from the manufacturer (refinery or mint).

This ensures that the investment products are authentic and that their price is as close as possible to the spot price of gold.

The most popular forms of investment gold are bars and investment coins. Bars are sold with a certificate and can come in heavier weights (e.g., 50 or 100 grams of pure gold). For coins, authenticity is guaranteed by the quality of craftsmanship and the security features incorporated by the manufacturer.

We recommend choosing investment gold produced by major refineries and mints. These include Valcambi, PAMP, Argor Heraeus, the Perth Mint, the Royal Mint, the Rand Refinery, the Austrian Mint, and others.

Both individuals and legal entities can purchase investment gold. It is used to preserve purchasing power over the long term that is, to protect against high inflation and the devaluation of savings.

Investing in gold is also a popular option for diversifying a portfolio composed of various other, riskier assets.

You can have up to 10 active subsciptions simultaneously, each with its own gift bar at the end.

No. To receive the gift bar, you must make a purchase every calendar month without interruption.

Only one purchase per month is taken into account under the program. The purchase of a second bar marks the start of a new active program.

You can verify the status of the program through the Tavex ID account, where you will see the start date, the purchases made and the remaining months. If you are not sure when you started the program or have other questions, you can contact us at +40 735 666 888, tavex@tavex.ro or directly in the Tavex office.

The gift is awarded upon the 12th consecutive purchase, whether made online or at the office.

Currency fluctuations influence the price of gold as it is quoted in various currencies on international markets. A strong US dollar can lead to a drop in the price of gold, and vice versa.

The price of gold is influenced by supply and demand factors. Demand for gold is driven by inflation, interest rates, geopolitical stability, and industrial and jewelry requirements. Gold supply fluctuates based on the volume of mined gold, the level of recycling of damaged gold (jewelry, various hardware components, and damaged products), and the amount of gold available for trading in vaults in London, New York, Shanghai, and elsewhere.

Yes, you can view all products and prices in our online store by visiting: https://tavex.ro/en/gold/. Prices are updated every 10–15 minutes.

The main risk is associated with storage. Beyond this, there is also the risk of short-term losses should the price of gold fall. To avoid such issues, we recommend investing in gold for a period of at least five years.

Investment gold is considered a safe investment and asset offering protection against inflation and financial market volatility during times of high uncertainty. It has the potential to offset losses from other assets – such as stocks, cryptocurrencies, and bonds during periods of crisis or recession. Furthermore, since the turn of the century, gold has delivered an annualized return of nearly 10%, making it an asset with significant potential even during periods of relative stability.

At Tavex, we always strive to provide our customers with the gold and silver products they desire, even if those items are not listed in our catalog. We have established a special procedure for ordering such products. Interested customers can contact our consultants for further information by calling 0735 666 888.

Our “buy” and “sell” quotes for currencies and investment gold and silver are updated at least every 15–20 minutes to accurately reflect market rates.

The margins on our investment gold and silver products vary primarily due to the differing supply prices we negotiate with various refineries, mints, and other secondary market dealers.

Furthermore, the price of physical gold products depends heavily on the location and timing of the transaction, as well as specific demand across different markets.

Gold has a specific density of 19.3 grams per cubic centimeter – a property possessed by no other metal which makes counterfeiting extremely difficult. Furthermore, the manufacturing quality of all products is exceptionally high, as they are produced by refineries and mints possessing the necessary expertise regarding the security of investment products.

To protect yourself against counterfeiting, do not buy gold products on the street or from random individuals unless you are 100% confident in your knowledge of gold. Always purchase from authorized dealers who value their reputation and guarantee the quality of the products they offer.

Although Tavex is one of the first companies on the Romanian market to offer a transparent buyback service for gold products with officially announced, up-to-date prices there is never a guarantee that a company will not face financial difficulties in the future.

However, we are fully convinced of one thing: even if our company were to cease operations, the gold and silver products you purchased from us would remain highly liquid assets, capable of being sold to other dealers, investment exchanges, and banks worldwide at prices close to market rates.

Tavex strives to offer the best margins for larger volume purchases. The margin for purchasing a 1 kilogram bar will not differ significantly from that for purchasing ten 100 gram bars. At the same time, buying smaller bars offers greater flexibility, allowing you to sell only as many bars as needed to meet a specific cash requirement.

Due to specific VAT regulations, you need to place two separate orders: one for investment gold products (VAT-exempt) and one for investment silver products (subject to VAT). This allows us to generate separate tax documents for each type of product.

We deal exclusively in investment gold and silver.

Yes. At Tavex offices, payments for purchases of investment gold or silver can be made by bank card for any amount.

There is no single answer to this question. The choice depends on the amount you intend to invest and your future liquidity needs. The margin for both types of products is similar. The coins and bars sold by Tavex are recognized worldwide.

The most cost-effective purchases are standard one-troy-ounce gold coins, such as the “Australian Kangaroo,” “Krugerrand,” and “Vienna Philharmonic.” As for gold bars, the best options are those weighing 10g, 20g, 1 troy ounce, 50g, and 100g.

The gold products you purchase depend primarily on your savings. We can categorize our recommendations as follows:

1. For investments of up to 25,000 lei: small historical coins, such as the 20-franc piece (5.8 grams of pure gold) or gold bars weighing between 2.5 and 10 grams.
2. For purchases between 25,000 and 200,000 lei: standard 1-troy-ounce (31.10 g) investment coins, such as the Australian Kangaroo, Vienna Philharmonic, and Canadian Maple Leaf.
3. For investments exceeding 200,000 lei: 50 g and 100 g gold bars from the Valcambi or Argor-Heraeus refineries.

The gold bar from the Tavex subscription is the most affordable option for 1 gram investment gold bars mass-produced by a refinery accredited by the London Bullion Market Association (LBMA). Buyback of the bar is guaranteed in Europe as part of the Tavex product catalog.

All photographs on the site depict actual products, photographed specifically for the Tavex Group. However, the images are for illustrative purposes only and show how the investment product in the respective category should appear.

The delivered product may differ in terms of the year of issue or may show varying degrees of wear—in the case of historical coins accepted as investment products.

A gold or silver product can be considered an investment when its selling price is as close as possible to the international price of the pure gold or silver it contains.

Jewelry is not considered an investment because the price includes labor, processing costs—which are higher than for coins or bars and have VAT. These are costs that are not recovered upon resale.

When selling, you will receive only the value of the pure gold or silver, meaning you will lose a significant portion of the initial price (sometimes as much as 50%).

If the ordered product is unavailable or cannot be delivered on time, we will contact you as soon as possible to find a suitable solution.
We will pay close attention to the situation, depending on its nature, in order to address your needs as promptly as possible.

Purchase only from authorized investment gold dealers who have a good reputation and guarantee the quality of the products they offer. To protect yourself against counterfeits, do not buy gold coins on the street or from strangers. If you are not 100% confident in your knowledge regarding gold, consult a specialist or certified advisor.

Pay attention to the craftsmanship. All authentic coins exhibit a high level of detail—something that can only be achieved within the environment of a mint.

The authenticity of gold coins is confirmed primarily by four indicators: weight, diameter, thickness, and craftsmanship details.

Physical gold means the actual possession of gold bars and coins. “Paper” gold includes certificates of claim, ETFs, brokerage accounts and bank holdings that invest in gold on your behalf. These instruments merely provide you with a document attesting that you own a certain amount of gold held by a custodian.

No.

Tavex is a retailer, not a manufacturer, of the gold products it sells and cannot issue certificates of authenticity. However, gold and silver bars produced by Valcambi, PAMP, and Argor-Heraeus come with certificates of authenticity issued by the refinery that produced the specific bar. There are also some coins that come with a certificate of authenticity.

At Tavex, we use Refinitiv Eikon services. Refinitiv provides minute-by-minute data on international gold prices in US dollars (XAU/USD) and euros (XAU/EUR) see point 3 as well as current EUR/RON exchange rates. Based on this information, we calculate the international price of each product in lei. We then determine the price margin applied to each product. Our prices are updated every 10–15 minutes.

When selling investment gold, Tavex issues an invoice containing the client’s personal information. An identity document is required to verify this information, in accordance with legal requirements.

No, but if you wish, you can exchange Romanian lei for another currency. Depending on availability, you will receive a preferential exchange rate.

This procedure is necessary because the Romanian leu is the sole legal tender in Romania; consequently, all transactions in the country are conducted using this currency.

No. The main reason is that there is no global secondary market for Romanian coins, unlike for the Vienna Philharmonic, Krugerrand, American Eagle, Australian Kangaroo, Chinese Panda, or Canadian Maple Leaf coins. Furthermore, we cannot guarantee the supply of Romanian coins in sufficient quantities, as we can for the aforementioned investment-grade gold and silver products.

The final price is determined by dynamic factors that carry varying weight for each investment product, depending on the product type and market conditions. The price margin itself represents the price Tavex charges for the service of supplying each product. This price is influenced by the supply and demand for each specific product, both locally and, more significantly, internationally.

We strive to keep all coins and bullion from our portfolio in stock. However, depending on the type of investment products and the quantity requested, you may need to contact us in advance.

Most products displayed in our online store are readily available. Should an item be out of stock, our representative will contact you to arrange a delivery time.

As part of the international Tavid Group, we are able to meet a wide range of customer needs through our partnerships with suppliers worldwide.

If you wish to sell investment products from the catalog available on tavex.ro, you must present them at one of Tavex’s offices for evaluation.

If you wish to sell investment gold that is not part of our product catalog, it will be purchased based on the price per gram of pure gold.

We can also purchase other gold items after subjecting them to a brief chemical test to determine their purity. You can find more information about this process in the “Selling gold and silver items” section. Payments are made in cash (up to a limit of 10,000 RON) or via bank transfer.

When selling gold, you must provide an identity document. Tavex will issue a purchase document containing the company’s details and your personal information.

In Romania, there are only two options for storing physical investment gold: at home or in a safe deposit box at a commercial bank.

From our online store, tavex.ro, or from Tavex offices in Romania.

At Tavex offices, payments can be made in cash (up to a limit of 10,000 RON), by bank card or via bank transfer for any amount. For bank transfer payments an invoice is issued beforehand, which must be paid within one hour of issuance.

Under international regulations, investment gold is defined as falling into one of the following two categories:

Bars:

Pieces made of gold with a purity of at least 99.5%;

Coins:

• Minted after 1800;
• Having a minimum purity of 90% gold;
• Having been or currently being legal tender in the country of issue.

A common characteristic of both categories is that neither investment gold coins nor bars may be sold at a price exceeding the market value of their gold content by 80% or more. If the price margin exceeds this 80% threshold, the seller is required to charge Value Added Tax (VAT), and the products in question can no longer be classified as investment gold.