Goldcore Review

It isn’t just the U.S. where you can find precious metals brokers, they are worldwide. Today we’re going to look at Goldcore, an Irish online dealer that gets excellent reviews from their U.K. customers. While our friends across the pond love Goldcore, are they going to be a good precious metals company for you?

Before you choose to work with Goldcore, consider this honest review.

Who is Goldcore?

Goldcore began in 2003 and was the first gold dealer to be established in the Emerald Isle. When they first began, they mainly served Ireland, then expanded to the U.K. and now they’re a worldwide dealer, servicing over 130 countries. This makes them one of the largest metal companies out there, with over 14,000 customers and over 130 million dollars in precious metals that they manage and store.

Goldcore is often featured in stories run by CNN, Newstalk, RTE, Irish Times, CNBC, Bloomberg, and the Wall Street Journal, just to name a few. They know their stuff and they can not only walk the walk but talk the talk.

What makes Goldcore so popular, aside from their extensive precious metals knowledge, is their storage options. They cater to a wide variety of customers, including those with large trusts, individuals with large amounts of money to invest, and even financial advisors who are looking for the best storage methods for their metals. Goldcore uses vaults in some of the safest and most tax-advantageous locations. But, if you want your precious metals shipped to you, you can do that too.

Goldcore also has some unique programs, including its Goldsaver program and the Perth Mint Certificate program.

Who Manages Goldcore?

Steven Flood is the CEO and manager of Goldcore and has been with them for 16 years. He graduated from Portobello Business College, worked with various firms in New York, and worked as a trader with Goldman Sachs.

The treasury expert that works in Goldcore is Padhraig O’Larnain, who has worked with them since 2010 and is a licensed tax advisor.

Goldcore Storage Options

The storage options with Goldcore are a huge draw for its customers. They offer storage services that you just can’t find elsewhere, whether you’re new to investing or an experienced pro.

Some of the storage benefits of using Goldcore include:

• Safe vaults in jurisdictions where there are tax advantages
• Customer will own their items whether you store them in segregated storage or allocated storage
• Vaults have third-party verification
• You can visit your vault and inspect your products without having to pay any fees to do so
• You can collect your metals in person or have them delivered to you

Storage fees will be a percentage of your holdings, with a minimum of 0.49% and a maximum of 1%. While this is cheaper than most offshore competitors, it does mean that you’re going to pay more for storage as you invest more. There are no flat-fee storage options with Goldcore.

Goldcore uses two security companies that are in charge of their vaults. These are Loomis and Brinks Security and they allow you to pick the location of your vault, including:

• New Zealand
• Dublin
• Switzerland
• Great Britain
• Hong Kong
• Singapore
• The Cayman Islands

These places are some of the most discreet, confidential, and tax-advantaged locations to store your precious metals.

Goldcore Products

Goldcore likes to focus on popular coins and bullion from official government mints from around the world. They do not typically work with memorabilia or collectibles, and you won’t find platinum or palladium. You will find the following:

• Gold British Sovereign
• Gold Brittania
• Gold American Eagle
• Gold South African Krugerrand
• Gold Canadian Maple Leaf
• Silver American Eagle
• Silver Brittania
• Silver Canadian Maple Leaf
• Silver Australian Kangaroo
• Silver Vienna Philharmonic

Goldcore carries gold in one and ten-ounce sizes, as well as one kilogram. Their silver comes in two sizes, 100 ounces, and 1,000 ounces, and they cater to investors with larger amounts of money to invest.

Goldcore Fees

As mentioned above, when you invest with Goldcore, you’ll pay a percentage of your holdings in storage fees. This will vary between gold and silver and will look like the following:

Gold

• 1.00%: over $100,000
• 0.79%: $100,000-$250,000
• 0.69%: $250,000-$500,000
• 0.50%: $500,000-$750,000
• 0.49%: over $750,000

Silver

• 1.00%: over $100,000
• 0.95%: $100,000-$250,000
• 0.85%: $250,000-$750,000
• 0.75%: over $750,000

Pros and Cons of Using Goldcore

Pros

• Over 15 years of experience with a wonderful reputation
• Large number of storage options
• In-person inspection and pickup of precious metals

Cons

• High storage fees compared to other companies
• No palladium or platinum
• No IRA options because they are a UK company

Final Thoughts on Goldcore

So, is Goldcore legit? That's the magic question and you guessed it - it is. If you are looking to invest with a company that knows what it is doing and offers you a variety of discreet storage options, you’ll like Goldcore. They have been in the precious metals field for many years and they have reviews from happy investors to show it.

However, if you want precious metals for your IRA account, Goldcore isn’t likely going to be your first choice. As a UK-based company, IRAs just aren’t their deal because of the paperwork and legal issues in dealing with the IRS. Plus, the more you invest, the more storage fees you will be charged. This can be a negative for those who aren’t as wealthy as some of the investors with Goldcore.

Depending on your needs, Goldcore may be the precious metals dealer for you, or you may wish to look elsewhere.

Visit The Site - Click Here

Economic Indicators Signal Trouble Ahead!

Explore strategies to safeguard your financial interests amidst the current volatile economic environment. Get a free guide to learn how to save your future and wealth.

Click Here