Is Goldcore Legit Or A Scam? Gold & Silver Precious Metal Storage Company Review 2022

6 min read

Jewelers and money managers GoldCore is based in Ireland. Among the many coins GoldCore offers are Kruger and, Maple Leaf and American eagle bars, ranging from one to 400 ounces. GoldCore as well offers investment opportunities with platinum and silver bars via Perth Mint certificates. As the only approved dealer for Perth Mint, GoldCore is the only company approved by the EU.

GoldCore provides safe storage for bars and coins through its GoldCore Secure Storage Service. Independent vaulting is available at Loomis and Brinks. Customers can transact online through online platforms. Additionally, customers can see performance statistics about their holdings. Additionally, GoldCore offers the Gold Saver account that is based on Perth Mint certificates.

With its headquarters in Dublin, Ireland, GoldCore operates an additional office in London, UK. Before making any decisions with anyone you choose to work with, you should strongly be encouraged to do research on your own company beforehand. It is imperative that you look after your health. It’s up to you what you choose. If you are buying valuable metals, be sure to read each review carefully before choosing a company. Make sure to check more than one website or review for “reviews”.

About GoldCore:

Founded by Mark O’Byrne in 2003, GoldCore is a financial services company based in Dublin, Ireland. Their customer service is available in over 130 countries worldwide. You can either have GoldCore ship your precious metals to you directly or have them stored in one of its secure storage warehouses. GoldCore is featured in the media because it is a trusted name in the industry.

CNN, CNBC, Associated Press, Down Jones, Bloomberg, and Wall Street Journal are some of the media outlets mentioned and referenced. Over $130 million in assets are presently administered and held by the company for 14400 clients worldwide. Metals investment solutions they provide are suitable for both large and small investors. GoldCore believes it is important to build trust and meet customers’ expectations no matter how much money they invest. Diversifying its portfolio is also an advantage that the company wants to highlight to each customer.

Buying Gold:

You must open a gold bullion trading account with GoldCore before you can purchase gold. Online registration is quick and easy, and takes a few minutes. Listed below are the different types of accounts, including personal, joint, trust, pension, and Gold Saver accounts (explained in more detail below). Your account will be funded by wire transfer or credit card once you have verified your account and identified yourself. Choose a gold coin or gold bar from the list below. You can have your precious metals delivered to your home or deposited in one of Gold Core’s secure vaults.

Storage:

The team at GoldCore understands the importance of protecting investors’ assets and precious metals. Customers have the option to do that with safe storage options. Several of these storage systems are located around the world through their storage partners, Loomis International and Brink’s Global Services. If you prefer segregated storage, select that option. Your storage metals are owned exclusively by you, wherever you choose to put them. Your account value determines the storage fee. Starting at 1%, the percentage charged decreases as the value increases.

GoldSaver Account:

With GoldCore’s GoldSaver accounts, investors can add to their holdings of precious metals monthly. The GoldSaver account can be automatically replenished with a certain amount. If you would like to contribute more every month, you can increase the amount to $100. Gold will be your monthly investment. You set a certain amount. If you want your wealth to grow but are incapable of contributing as much as you would like right now, this is an excellent option for you. In case you are interested in creating a GoldSaver account, it can be found on GoldCore’s website.

Precious Metals Guides through GoldCore:

GoldCore prioritizes educating its investors as a top priority. One way to accomplish this objective is through the guides on the website. Investors can make informed decisions about investing in precious metals using these guidelines. Eleven guides make up the total.

Are There Any Red Flags for GoldCore?

Before making any major purchases, it’s always a good idea to read customer reviews. Reviewers can tell you how the company responds to each customer, how well their products function and whether any problems were addressed. During the time that this article was written, Quality Silver Bullion did not have many reviews from the Better Business Bureau, Business Consumer Alliance, Trust Link, or Trustpilot. It is difficult to learn more about the company’s business practices without answers to these questions.

Website Product & Investment Information:

There is a lot of information available from investors and products on the Goldcore.com and its equivalents in the UK and Ireland via a clear navigation hierarchy. Investors can access all of GoldCore’s education and communication materials from a single source, regardless of whether they are new or seasoned investors. That includes PDF guides, product pages, videos, audio podcasts, and an award-winning blog.

The product prices are continuously updated in each page based on the date the page was loaded. In the e-commerce section, customers can also find exact prime rates on single and bulk-purchased items – an unusual level of transparency not common at most bullion dealers. Customers can purchase accounts on the Internet shop, place them on their platform, or invest using their Goldsaver programs. There is only a minimal amount of information required in order to comply with anti-money laundering (AML) regulations.

Is GoldCore a Scam?

It is hard to imagine GoldCore is a scam company since it has been around for over 15 years. Their business seems fully legitimate and they have real customers. The company was founded by Mark O’Byrne in Dublin, Ireland. GoldCore appears to be a legitimate company, so it is important to decide if you are going to choose them for your business.

We stopped doing business with this company for a few reasons. When you look through many other companies investing in pricey metals, you find plenty of reviews on trustworthy review sites. These sites make it difficult for GoldCore to review them. In order to figure out if a business is reliable, you would need to read the reviews written by past customers. When you buy in bulk, this is especially true.

A second reason is that they do not offer as many precious metals investment options as other firms. Platinum and palladium are not investments, only gold and silver are. Additionally, the company only offers a limited selection of gold and silver coins.

Using GoldCore, you can store data securely. If you want to store your precious metals with them, you will be charged a percentage of your holdings. In contrast to flat fees charged by precious metals storage facilities, many other facilities charge an hourly fee.

A percentage of your portfolio may be cheaper if you own just a few precious metals, but people with a broad portfolio are sure to save by choosing a flat fee facility. There are no shipping and insurance costs listed on GoldCore’s website. The shipping and insurance costs can only be seen after the coins are added to the cart and an account is created. Details are not provided during shipping, but the item appears to be there. Insurance is included with every order.

How are their reviews?

Since they are based in Ireland, they do not appear to have a BBB listing. Trustpilot has received a third-party rating of 3.7 out of 5 based on third-party reviews. Taking this report with a grain of salt can be a good precaution because it appears to be based on only one review. I have quoted a reviewer named Ronan Morley from this review for Trustpilot.

GoldCore provided easy metal purchases and excellent customer service. They are now my precious metal dealer. It appears the GoldCore review ended in April 2020, so it was sufficiently recent to warrant a review. In another third-party review, Ekomi.co.uk also received 4.8 out of 5 stars on average from over two thousand testimonials. Isn’t that pretty good? Honestly, who would dispute that?

Are there other alternatives out there?

GoldCore is probably a great pick for anyone interested in diversifying or simply re-upping their portfolio. Our company (formerly GoldCore Precious Metals) is one of the most reputable and experienced precious metal companies in the world. As a gold and silver IRA specialist, they offer something GoldCore doesn’t.

Can you sell to GoldCore?

You can (subject to a minimum order requirement). These bulls are bought from GoldCore and sold to its customers. GoldCore must first ship, verify, and possibly test non-customer bullion before selling it to the general public. It is important to note that commercial activities are strictly prohibited during its normal business hours.

Products offered:

Based on the appearance of their website, it appears that they offer these products:

There’s a gold bubble

  • Coins made of gold
  • Silver Bullion
  • The silver coins
  • A gold bars
  • Silver bars

The storage options appear to be different as well. You might want to contact them if you are interested in this type of thing and see if they can help. Platinum and palladium coins and bullions do not seem to exist.

How does Goldcore transfer metals?

Having numerous high security vaults across the world – independent of the global banking system – GoldCore can personally deliver your gold or silver directly to your doorstep or store it wherever you want. In addition to the shipping costs, there is no information on when your order will arrive on the website.

Goldcore Products:

GoldCore offers various precious metal products, including gold coins and bars of various sizes, such as silver, platinum and palladium. Government mints and authorised refineries directly supply these products. Besides offering secure storage, GoldCore offers Perth Mint certificates, GoldSaver, and bullion delivery services.

Does Goldcore have any IRA services?

Currently, GoldCore is without a retirement account. In addition to its free e-Book, it is providing information and education about gold investments in IRAs. Projects like this have great potential.

What are their storage options like?

The company does not seem to be able to store your metals directly. Furthermore, it appears they provide warehousing services from their employees in locations including Hong Kong, Auckland, Perth, Hong Kong, Delaware, Frankfurt, London, Zurich, Singapore, and Salt Lake City. That seems like quite a few places, doesn’t it? Choosing to store your own metals means you can ship it to 130 countries around the world.

Website Usability:

The website of GoldCore is extremely simple to navigate, with a simple main menu with assorted options that can be customized according to a user’s taste. A footer of the website contains all the legal information required. You can use the site on both a computer and a phone with no problem. There is a good contrast between dark grey and light grey in the text size on white and light grey. The product pictures are clear and sharp

Final Verdict

There are several red flags and question marks surrounding GoldCore. There aren’t many reviews so it is quite challenging. Moreover, with fewer coins available and fewer investment options in platinum and palladium, your portfolio is limited. If you’re considering investing in precious metals, we strongly recommend investing with one of the most respected investors.

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