At the end of December this year, which is traditionally considered the time of Christmas and New Year’s gift-giving, the people of Latvia strongly chose investment gold and silver gift products.
Tavex Latvia, the largest dealer of investment precious metals in the Baltic region, reported at the end of 2023 that slightly more than 4 thousand Latvian residents received gold and silver coins or bars for a total value of around 529,000 euros as a gift on this holiday. These statistics include only small-sized gold and silver coins and bars, such as 1 g to 5 g gold bars, small silver coins with the next year’s symbol, as well as silver collection coins of the Bank of Latvia.
“Shortly before Christmas, we have found that our warehouses have sold out even those silver coins, the initial volume of which was intended to ensure demand in Latvia until the end of February 2024,” informed Jānis Astičs, head of Tavex Latvia’s Dealing Department.
Astičs emphasizes that the volume of precious metal gift products purchased in Latvia has increased this year – by 23.5%. The most purchased gift product was a 15.55 g silver coin with the image of a Dragon, as well as 1 g 999.9 proof gold bars.
At the same time, it should be added that during this year, the number of residents who choose physical gold in coins and bars as a way of preserving the value of their savings continues to grow. Investment gold ends this year with a price increase of +13.5% in US dollar terms and +9.6% in euro terms.
It was already reported that in 2022, almost one ton of gold in coins and bars and a little over a ton of silver were delivered to the people of Latvia.
2024-01-02 05:28:42
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