Last update: 21.09.2017
What GoldCore offers to gold investors
GoldCore is an Irish precious metals dealer and wealth manager. GoldCore offeres a range of the most common coins like Krugerrand, Maple Leaf or American Eagles as well as bullion bars from 1 ounce to 400 ounces. In addition, GoldCore offers silver bars and coins and platinum investments through Perth Mint Certificates. GoldCore is the EU’s only approved dealer for The Perth Mint of Western Australia.
GoldCore offers storage services (vaulted gold) for buyers of bars and coins through its GoldCore Secure Storage service. Independent vaulting is provided by Loomis and Brinks.
Customers can execute transactions through an online platform. Customers can also view performance statistics as to the value of their holdings.
GoldCore also offers the Gold Saver Account, which is a savings plan based on Perth Mint Certificates.
GoldCore was founded in 2003 and is based in Dublin / Ireland with an additional office in London / UK.
About GoldCore Ltd.
|Headquarters||Dublin / Ireland|
|Number of clients||ca. 4,200|
|Assets||US$ 110 million|
The GoldCore Secure storage is a service for buyers of bars or coins.
|Precious metals||Gold, silver, platinum, palladium|
|Minimum investment||Minimum 1 ounce gold bullion|
|Delivery of gold||Optional, clients may request physical delivery of their gold. Shipping, importation and duty costs will be borne by the client.|
|Vault locations||Delaware, New York, Salt Lake City, London, Frankfurt, Zurich, Singapore, Hong Kong and Perth|
|Currencies||Euro, U.S. dollar, GBP and several others|
According to GoldCore, the company operates a system of bailment and as such customers’ precious metal investments are held in custody in their names.
Reconciliation to the internal system versus the storage partners details is done on a daily basis. The storage partner will not ship/transfer or remove assets without two signatories, one of which has to be a director of GoldCore. Customers can view the contents of their storage account at any time by visiting the GoldCore website and reviewing the contents, bar numbers and location of their holdings in their GoldCore account.
GoldCore works with an independent inspection company, Inspectorate International, who audits the assets held in GoldCore’s secure storage locations. This is done annually and the results of this audit are shared with every customer that has assets in secure storage with GoldCore.
Clients have access to the Loomis database of assets maintained by them. Clients are able to review the assets under their sub accounts based on their unique sub account number. Their investments are fully insured through Lloyds of London under Loomis’ Insurance policy, and also through Lloyds of London for Brinks International. Annual audit reports are sent to every GoldCore storage customer.
Trustable Gold’s Safety Criteria
Costs for buying gold
Spread above spot price for buying:
- 1 ounce gold bar: 3.75%
- 10 ounce gold bar: 3.75%
- 1 kg gold bar: 1.7% (if more than USD 140.000 is invested, then 1.46%)
Costs for selling are not shown
Costs for storage and insurance
- <$100,000: 1.00%
- $100,000 – $250,000: 0.79%
- $250,000 – $500,000: 0.69%
- $500,000 – $750,000: 0.59%
- $750,000+: 0.49%
Clients may request delivery of their precious metal holdings. Shipping, importation and duty costs will be borne by the client.