Goldcore is an Irish precious metals dealer that has been in the business since 2003. They've garnered a reputation as a global precious metals retailer with fair pricing. But is that reputation actually earned? What should you know about the company's background before you decide to invest?
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Goldcore was created in 2003 in Dublin, Ireland. The company was actually the first precious metals dealer to exist in the country! Since their inception, they have grown to serve not just the Irish population, but also customers in more than 130 countries.
When you purchase precious metals with Goldcore, they become wholly owned by you. But you can decide whether you want them delivered or placed into a secure storage vault.
Even though the company is European, it is also favored by American investors. The customer service and pricing is so good that it's hard to resist. When you look the company up online, you'll find thousands of positive reviews, many of which come from Americans. If you're not happy with the options in your own country, look across the pond!
Goldcore representatives are active in the Irish community and frequently give back to the country. They have been featured on numerous Irish talk shows, radio shows, and newspapers. In addition, representatives have appeared on international channels like CNN, CNBC, the Wall Street Journal, the Associated Press, and Bloomberg.
In fact, the executives at Goldcore are some of the most sought-after precious metals experts in the world. They have a level of knowledge and ease that's difficult to find anywhere on the globe.
Today, Goldcore's active clients number more than 14,000. There are also over $130 million worth of assets kept in secure storage under the company's management. Some of the common types of customers include financial advisers, institutional investors, affluent companies, high net worth individuals, and other major economic players.
The company is staffed by experts who understand how to work with every type of customer. They have helped wealthy individuals, financial institutions, and huge corporations alike. Every entity has a different need when it comes to building a precious metals portfolio, and Goldcore recognizes that.
In addition to their expertise and customer service, the company also offers a secure trading platform for precious metals. And they have additional services like their gold accumulation program. All of their storage is held separately from any centralized bank, allowing people to hold onto their wealth free of the fear of asset seizure.
Secure Storage Options
One of Goldcore's major benefits is its secure storage. It is not the only company to offer secure storage, but it does have some of the most versatile and protected vaults in the world. As mentioned, you own all of your holdings, so your assets won't be in jeopardy if Goldcore was to run into financial trouble.
The company's mission statement hasn't changed at all since it was first founded in 2003. Their goal is still to help their clients protect their wealth and grow their savings.
Every storage vault goes through independent audits by a third party to make sure the holdings match your account. You can also visit the vault in person to look at your bullion or remove it. Bars and coins can be delivered whenever you want.
Part of the company's mission is to find safe places to secure client wealth. To this end, they have vaults in four different countries. There's one in their home of Ireland, one in Switzerland, one in Hong Kong, and one in Singapore. All three of the international vaults are in peaceful, tax-deferred places where wealth investors prefer to store their money.
Goldcore says that they have competitive storage rates. And it's true that their rates are competitive, considering what they offer. But the one drawback is that they use percentage-based calculation, not a flat fee.
Basically, if you have $100,000 in your account, you'll pay significantly more for storage than someone with $10,000.
This makes enough sense, since you're taking up more space and have more assets. But with flat fees, you never have to pay more just because you have more in your account.
As percentage fees go, though, Goldcore's aren't bad. Their highest rate is 1% for accounts with less than $100,000 in assets. Then the number begins to drop to just a fraction of a percent for people who have a greater amount of wealth than that.
The company's GoldSaver account is another very popular service with investors. It uses the same concept as a traditional savings account -- except that you hold your savings in gold.
Every month, you set aside a certain amount to invest in gold. Or you choose a certain amount of gold to invest in, regardless of the cost. Then you set up automatic billing and let the gold slowly accumulate in the account over time.
This is a great way for people to build up reserves of gold even if they don't have a lot of money to spend at once. It's also ideal because precious metals tend to rise in value along with inflation, unlike traditional currency, which depreciates in value.
You can open a GoldSaver account through the Goldcore website. The signup process is relatively quick and easy, and there's a minimum of just $100 every month. Of course, if you want to invest more than that, you're welcome to.
Opening an Account
If you want access to Goldcore's trading platform, offers, and other services, you'll need to open an account. There are multiple different kinds of account that can be opened, depending on who you are. Most individuals will just need a personal account.
You can also set up multiple accounts for multiple different entities or purposes. There's no limit to the number of accounts or the number of currencies that you can operate at one time.
After you set up your account and fill out your personal information, you'll need to scan your ID. You can either email the photo to the company or send it in the mail. Email is likely faster and less hassle if you want things to be processed quickly.
If you're interested in participating in the company's partnership with the Perth Mint, you have to adhere to stricter ID and background check requirements.
Is Goldcore a Scam?
Goldcore is definitely not a scam. The company has an excellent reputation both in Ireland and globally. They've not only functioned as Ireland's first precious metals dealer, but they've also managed to remain the most popular and respected. When people in Ireland want to invest in precious metals, they look to Goldcore first.
There is ample information available about the managing partners. You can also rest assured that the company is legitimate, given that it has worked with multiple major businesses.
We'd wholeheartedly recommend this as the best company to buy from for people who live in Ireland. In fact, this is one of the best companies to buy from in the whole of Europe. They have literally thousands upon thousands of fantastic reviews praising the customer service, convenience, quality of the products, and more.
The only drawback of Goldcore is that it doesn't have any IRA services. That's to be expected, given that the company isn't based in America, and the managers likely have no interest in America-centric retirement plans. But if you're looking for a precious metals IRA dealer, you'll probably want to seek one that's a little closer to home.
Pros & Cons of Goldcore
There has been a global movement over the past few decades for people to be able to own precious metals. Precious metals have become a vital portion of a well-balanced portfolio, whether you're in America or Europe or Asia or Africa. Ireland hasn't been able to trade precious metals for long, but they've taken greatly to the empowerment that it brings.
Goldcore was the first Irish precious metals dealer in the entire nation. Years later, they remain the most popular and respected. The company has a consistent commitment to ethics, a lot of involvement in their local community, and a stellar reputation for great products and customer service.
Basically, if you do business with this company, you're all but guaranteed to be satisfied with your experience. They have such a strong sense of how to run their business and how to enforce their policies. That goes especially for European consumers, who might be frustrated by the number of precious metals dealers that are either American or operated by Americans.
The only potential drawback is exclusive to Americans. Goldcore doesn't have precious metals IRA services. They won't help you set up an account, contact a custodian, or choose IRS-approved precious metals. They can't really be expected to learn the ins and outs of the very specific retirement account rules in the tax law an entire continent away.
So if you want to open a precious metals IRA, or you're looking to add more bullion to your existing IRA, you're better off searching for a precious metals dealer that specializes in this.
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