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Tavid/Tavex group has sold more gold in last three quarters than during the whole year in 2010.

Published by Kirke Sööt in category Financial news on 05.10.2011
Gold price (XAU-EUR)
2174,56 EUR/oz
+ 3,85 EUR
Silver price (XAG-EUR)
27,57 EUR/oz
- 0,04 EUR

Tavid/Tavex group has sold 1820 kilos of gold in three quarters of 2011, that is 80 kg more than during the whole year in 2010.
The record in gold sales was on 2008, when the group sold 2140 kilos in one year. In September 2011 the sales number was 281 kg, that is our third best month after October 2008 (521kg) and August 2011 (460kg).

„Unfortunately the financial crises in Europe and the public debt of USA are not giving the investors any security. The situation is beginning to look hopeless and the stability plans look more like pyramid schemes that can’t help anyone“, commented the Member of the Supervisory Board of Tavid AS, Meelis Atonen. „It is possible that we can delay the upcoming problems, but it will make it even worse in the end, because even those who have managed to keep away from the turmoil of debt will be dragged into it. We might be seeing so called solution in controlled inflation, but this will destroy peoples savings if they have been invested traditionally. Here, the investment gold is a great alternative.“

For commenting the recent gold sales Atonen explained: „ We are selling most in Finland and Sweden, where we have become the market leaders on investment gold sales. Although we can see the growing uncertainty in all countries.“

More info:
Meelis Atonen
506 9459

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