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The economy is fragile and could collapse anytime and rise again, as we saw through all that happened in 2020. There is no telling when an issue like this could spring up again, so it is advisable to secure your future by protecting your financial value. One of the best ways to do this is by investing in precious metals – there are a lot of companies to invest with, and Goldcore is one of them.
We understand that picking a company is essential for your finances, so we have made it easier by outlining all you need to know about this precious metals company. Goldcore, a precious metals company based in Ireland, sells its goods online. This company is the first Irish gold broker, but they do not limit their business to Ireland alone as they have over 130 clients from other countries and an office in the UK. Goldcore is a reputable company in the British Isles, but what can it do for you? – is this company a legitimate business?
We did this review to give you all the information you need to know about Goldcore Ireland. Through this guide, you will be able to decide whether Goldcore is the best company for your investment goals or whether you need to keep looking.
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What Is Goldcore?
The company is usually called Goldcore Ireland and was established in 2003. Goldcore has managed to build an excellent establishment and reputation among Irish people, but luckily, the company does not limit its business to Ireland alone. As stated above, they have over 130 clients from different countries and a client list of over 7,500 while handling over $260 million of assets as of May 2021. These stats are one of the largest precious metals operations in the industry.
Goldcore does not only offer saving plans for individuals but also for financial specialists, trusts, and others. The company was the first gold broker to be established in Ireland, and the founder of the company is indeed proud to own an Irish company that is a major competitor in the international market. Their biggest clients include high net-worth financial advisers, individuals, family offices, trusts, and any other person looking to diversify their portfolio with large amounts of money.
The company has been featured on prominent news channels and platforms like CNBC, the Wall Street Journal, CNN, the Associated Press, and Bloomberg, where they often speak about the importance of investing in precious metals and diversifying your portfolios. The speaking is always done by the company's spokespeople, who have also had the opportunity to speak on international stages about these topics.
One of the reasons why Goldcore is so popular is due to the wide variety of storage options they offer. Customers can either choose between storing their precious metals in the safest places – the company offers great storage for gold bullion – or have them delivered to their doorstep if they want to watch over the metals themselves. One can always be sure that their packages are safe with Goldcore as they use secure couriers and packaging when delivering them or store them in safe vaults and locations if you do not want them delivered.
This precious metals company offers programs that their clients can participate in in addition to the services listed above. These programs include the Perth Mint Certificates Service and the Goldsaver Program for Gold Accumulation. Unfortunately, Goldcore does not offer precious metal IRAs as one of their services.
What Products Does Goldcore Offer?
Goldcore offers quite a number of products alongside multiple highly secure places for their customers to store their precious metals. Goldcore only deals in gold and silver, unlike other precious metal companies that also offer palladium and platinum products. So, if that is what you are looking for, you will need to find another precious metals company that offers these products. Their products include:
The company focuses only on the most popular bars, coins, and bullions from official government mints all around the world. They do not deal with rare collectibles, but the products they offer are highly curated, so their clients will not find any diversity or oddities as they will if they purchase from a less specialized alternative.
The gold coins that Goldcore offers include Canadian Maple Leafs, Brittania, the American Eagles, the South Africa Krugerrand and the British Sovereigns. Goldcore does not provide gold bars in different sizes like some other precious metals companies do. The Perth Mint gold bars come in one-kilogram size and one and ten-ounce sizes.
The silver coins the company offers include the Canadian Maple Leaf, Australian Kangaroo, the American Eagle, the Vienna Philharmonic and Brittania. The silver bars that Goldcore offers are specially designed for investors who have large amounts of money to burn, as they are not the small kinds that small companies offer. You can only purchase silver bars in one thousand ounces or one hundred ounces.
Goldcore Storage Options
Goldcore offers top-notch storage services that are difficult to find elsewhere, which is one of the reasons why the company has numerous customers. As an experienced or first-time precious metals investor, you can rest assured that your valuables and precious metals will be stored securely. There are many benefits of storing your precious metals in a storage facility, and some of them are listed below:
Customers that want to store their precious metals with Goldcore will have to continuously pay for storage fees the more they invest. The company allows you to sell your purchased items back to them through their buyback program. Customers will pay a storage fee which is the percentage of their holdings – the highest is one percent, and the lowest is .49 percent.
This rate is cheaper than what some offshore precious metal companies offer, but the disadvantage is paying more for storage every time you invest.
Goldcore Storage Partners
The precious metals company partners with two security companies for storage, namely Brinks and Loomis Security. These are top-notch security companies that are in charge of some of the most highly protected and secured vaults in the world, and they offer a wide variety of locations to choose from. So customers can choose the location they want their storage facility to be in.
Some of the vault options provided include:
The locations above are known for being confidential and tax-advantaged, so clients choosing to store their metals in these places are assured respect to the rights of their financial property. So, storing your financial assets in storage vaults with Goldcore is a great way to protect them from being seized by a third party.
Goldcore Storage Fees
As stated above, customers pay a storage fee which is the percentage of their holdings – this is a low rate compared to other companies, but it becomes costly when it adds up over time. There is a different percentage for gold and silver metals, but they have one thing in common. This is that the storage holdings of every customer will be billed at one percent of their assets until they have stored over $100,000 in their storage vault.
For gold storage holdings, the storage rate becomes .79 percent for between $100,000 and $250,000 and 0.69 percent for between $250,000 and $500,000. For $750,000, the storage rate becomes 0.59 percent and for anything more than that, 0.49 percent.
For silver storage holdings between $100,000 and $250,000, the storage rate is .95 percent and between $250,000 and $750,000, 0.85 percent. For anything more than $750,000, the storage rate is 0.75 percent. Customers are charged a higher storage rate for silver than gold, and this is probably because silver is cheaper than gold and would require a larger vault.
Goldcore Ratings and Reviews
Goldcore does not have any ratings on the Better Business Bureau since it is an Irish-owned company. But, the precious metals company has ratings and reviews on other platforms, which prove its reputability to a certain extent. The company has 4.8 stars out of 5 on the Ekomi.co.uk website from over 2,000 reviews which is quite fantastic.
On Trustpilot, Goldcore has 3.7 stars out of 5, which is average, but it comes from a single review, so it is not exactly credible. This review was posted since 2020, so it is possible that the company has gathered more reviews since then. Goldcore does not have many ratings and reviews on many review sites, which serves as a disadvantage as some potential clients might choose not to work with the company due to this reason.
Pros & Cons of Goldcore Ireland
Goldcore Ireland has some advantages of working with the company as well as disadvantages that cannot be ignored, and they are explained below.
Goldcore has a large number of bullion storage options all around the world for their investors to choose from. Although this may not be your primary concern, it is important to work with a precious metals company that offers different storage facilities to diversify your risk.
Most precious metals companies do not show the prices of their products on their website, making it difficult for clients to find them. Goldcore shows the prices of all their products on their website, so clients do not need to call a representative to confirm prices.
The Goldcore website is user-friendly and easy to navigate, making it easy for new investors to find what they are looking for easily. Experienced investors also benefit from this advantage as they do not need to stress before they can get things done.
Other advantages of Goldcore include:
Goldcore is a European-based dealership that does not offer the IRA options that most Americans want. So, it is advisable for clients who want this to find another company that does.
Is Goldcore a Scam?
Goldcore has a number of concerning disadvantages, but the company is not a scam. It is a legitimate company and the pioneer of silver and gold trading in Ireland. Many new and experienced investors that have worked with this company have had positive things to say. Even though the company has the same drawbacks, it still does a fantastic job in other areas to make up for the areas it lacks.
The company is designed for investors who want to store their precious metals offshore – keep it in a confidential and tax-advantaged facility. So, if that is what you are looking for, then Goldcore is surely a perfect fit for you. The company does not offer IRAs which shows that they are not interested in adopting US laws which is understandable as it is a European-based company.
Goldcore is a reputable precious metals company that is been in the precious metals industry for nearly 20 years. The company has quite a number of advantages and offers different products for their customers to choose from. Unfortunately, Goldcore does not offer palladium and platinum products, nor do they specialize in IRAs.
It is all about choosing the perfect fit – if you want to open an IRA or invest in palladium or platinum, Goldcore is not the right choice for you.
If you're interested in investing in precious metals to protect your portfolio, it's better to work with a company that cares about doing the best thing for your wealth.
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