GoldCore Review
Last update: 21.09.2023
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.
GoldCore also offers the Gold Saver Account, which is a savings plan based on Perth Mint Certificates.
GoldCore is Ireland’s only LBMA Member. The precious metals dealer is one of the bullion dealers who are associate members of the international trade association.
GoldCore is headquartered in Dublin, Ireland with offices in London and California.
About GoldCore Ltd.
| Headquarters | Dublin / Ireland |
|---|---|
| Founded | 2003 |
| Employees | > 15 |
| Number of clients | > 14,400 |
| Assets | US$ 130 million |
GoldCore has been making gold and silver investment accessible to clients since 2003. In that time it has enabled over investors in over 100 countries to buy, sell and store their bullion in a range of locations around the world.
Product details
| 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 | Dublin/ Ireland, London/ UK, Frankfurt/ Germany, Zurich/ Switzerland, Singapore, Hong Kong, Singapore, Delaware/ USA, Texas/ USA, Salt Lake City/ USA, Perth/ Australia, Cayman Islands |
| Currencies | Euro, U.S. dollar, GBP and several others |
| Additional features |
Safety considerations regarding GoldCore
According to GoldCore, the company operates a system of bailment and as such customers’ segregated & secure storage precious metal assets are held in custody in their names.
Reconciliation to the internal system versus the storage partners details is done on a weekly basis. 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. Furthermore clients can access the vaulting companies online records and view in realtime assets held on site by the vaulting company.
GoldCore works with an independent inspection company, Bureau Veritas, 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 vaulting company database of assets as managed by them. Clients are able to review the assets under their sub accounts based on their unique sub account
number. Their investments are insured through Lloyds of London affiliated insurers under the vaulting companies insurance policy. Annual insurance certificates in force are sent to every GoldCore storage customer with the annual audit.
Trustable Gold’s Safety Criteria
| Outright Ownership of 100% Gold | Insured, independent storage | Transparent, external audit | Price transparency | Liquidity | Regulation |
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| Clients own their gold, it is their legal property | Bars and coins are stored by Loomis. The gold is insured. | Annual audit reports are sent to every GoldCore storage customer | Prices for buying are shown on the website; selling prices are not shown | Trading during London business hours | GoldCore is independent of banks |
Costs of gold at GoldCore
Costs for buying gold
Spread above spot price for buying:
- 1 ounce gold bar: 4.10%
- 10 ounce gold bar: 3.80%
- 1 kg gold bar: 2.40% (if order value more than 140.000 US-Dollars then 2.06%)
- 400 ounce gold bar: 1.25%
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%
Physical delivery
Clients may request delivery of their precious metal holdings. Shipping, importation and duty costs will be borne by the client.