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Switzerland: not enough gold to cover existing demand
Published by Tavex SIA in category News on 16.08.2022
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Gold price (XAU-EUR)
2387,34 EUR/oz
- 15,47 EUR
Silver price (XAG-EUR)
27,98 EUR/oz
- 0,45 EUR
Refineries report that there is not enough physical gold for existing demand. The shortage of physical gold was affected by the EU sanctions package, which Switzerland recently joined.
Sanctions ban the import of gold from Russia. Russia’s participation in the supply of gold to Switzerland was not decisive, however, given the increased demand for physical gold, even this volume delays the timely execution of orders by factories. Manufacturers report that all orders will be fulfilled, but it will take a little longer time than usual.
We announce the availability of investment gold products in Tavex warehouses:
✅Status “In stock” – these products are ready for delivery immediately.
⏱Status “Preorder” – we provide delivery of these investment products within 2-7 weeks.
We urge you to treat the current situation with understanding and remind you that gold is a long-term investment.
Tavex Lithuania – our services include providing gold bullion coins and bars for investment purposes. We work in partnership with only the most trusted refineries in the world offering only LBMA certified investment products.
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 investment. So, should you have any questions, or would like any advice regarding your investments, simply book your free private consultation. We’re happy to help.
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