Goznak Investments

2023: App Launch

On February 16, 2023, Goznak announced the launch of a mobile application for gold investments. The service allows the user to remotely buy, sell and store gold and silver investment coins. Goznak is engaged in the sale of coins to investors, their repurchase and storage.

The Goznak Investments application is already available to users for download by February 16, 2023, but it is in beta status. In order to replenish the account and start operations with coins, you must once confirm your identity in the trading salon of the Moscow Mint. This is a temporary technical restriction, which will be removed in the future, and registration in the service will become completely deleted, explained in Goznak.

Goznak Investments Appendix

Our service is a completely new, reliable, understandable and, importantly, profitable solution for those who want to save and increase their capital by investing in precious metals. Now investing in physical gold and silver will become much easier and more affordable than it was before, "said Valentin Kelbach, head of the Goznak product.

By February 16, 2023, the application provides investment coins "George the Victorious" with a face value of 50 rubles made of gold, as well as a face value of 3 rubles made of silver. The cost of buying and selling coins in the service is based on their current market quotes, as well as on the corresponding accounting prices, which are set daily by the Bank of Russia.

The target audience of the GoznakInvestments service is private investors in physical gold and silver. At the end of 2022, Russians bought more than 50 tons of physical gold. At the first stage, Goznak expects to occupy 5% of this market and expand the opportunities to meet the increased demand thanks to the new service.^[1]

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