GoldCore's GoldSaver Account
Q: Who is GoldCore?
A: GoldCore was established in 2003. We are Ireland’s first gold bullion dealer and the only approved dealer for the Perth Mint Certificate Programme in the EU. We are also one of the select groups of organisations that contribute to the Reuters Precious Metals Poll and the Bloomberg Gold Survey.
Q: What is the GoldSaver Account?
A: The GoldSaver Account is a gold accumulation program from GoldCore that gives you the opportunity to build up an investment in gold bullion over a period of time.
Q: How does the GoldSaver Account work?
A: As a GoldSaver Account holder you will nominate a sum of money to be invested in gold on a monthly basis. The minimum fixed monthly investment is €150/$150/£150, debited directly from your bank account (international clients must set up a standing order) on a specific day each month. This date is the same for all GoldSaver clients and is at the moment the 2nd of any given month.
GoldCore purchases gold bullion on behalf of GoldSaver Account clients at London Bullion Market Association (LBMA) AM US dollar gold fix. This is the industry standard benchmark price that guarantees transparency. GoldCore then credits the gold ounces to each client’s GoldSaver Account which can be accessed through our secure, password-protected on-line account access. GoldSaver Account clients can view all current and historic trades along with valuations of their gold holdings.
Q: Are my savings safe?
A: The gold for the GoldSaver Account is bought from the Perth Mint of Western Australia. It is stored in the Perth Mint’s secure vaults, insured and guaranteed by the AAA rated Western Australian Government. GoldSaver Account deposits are independently verified by our auditors on a monthly basis.
Q: How do I open a GoldSaver Account?
A: Opening an account is easy and only takes a few minutes. Please read through the FAQs and the terms & conditions, then click on the “Open Account” link and follow the instructions provided there.
Q: What are the money laundering requirements to open an Account?
A: The requirements are different for Irish and UK residents. Please see below.
Irish residents: please provide one item from list A and one item from list B.
UK residents: please provide one item from list A and one item from list B
Q: How much can I save per month?
A: The minimum is €150 per month, with options for €250, €500 and more.
Q: Can I add lump sums?
A: Yes. You can add lump sums at any time using your secure online account.
Q: What happens after 12 months of saving?
A: You can choose to keep saving, stop saving but keep your account open, cash in your savings, or have your gold delivered to your door at an applicable cost for shipping and insurance.
Q: What if I change my mind
A: There is a 15-day cooling-off period during which you can cancel your account without penalty.
Q:Are there any charges?
A: Gold is purchased at a very competitive 5% premium, and a 1% per annum administration fee applies. After the 12-month minimum period has ended and you decide to liquidate your position, a 1% fee is applied. While capital gains tax may be applicable, there is no DIRT, stamp duty or VAT levied on any gold purchased throughout the EU.
Q: Is GoldSaver regulated?
A: Gold, and therefore GoldSaver, is not regulated by the Financial Regulator. The provision of precious metal products or services does not require licensing, authorisation, or registration with the Irish Financial Regulator and as a result, it is not covered by the Irish Financial Regulator’s requirements designed to protect consumers or by a statutory compensation scheme.
Q: How can I contact GoldCore?
A: Our team can be contacted at +353 (0)1 632 5010 or via e-mail at firstname.lastname@example.org. Our office hours are 9AM – 5PM, Monday to Friday.