How to buy gold & silver

Open account in a few easy steps and start buying gold internationally

  • You can open a number of different types of accounts in a number of different currencies. With the exception of GoldSaver, all accounts allow you to buy, store, ship and sell gold coins and bars or Perth Mint Certificates.

    You can have as many accounts as you like in as many currencies as you like.

    Types of accounts are as follows:

    • Personal account: used by private individuals to manage all their bullion investment needs.
    • Joint account: used by two or more private individuals.
    • Corporate account: this account allows companies to open up a trading account. Companies will need to provide special documentation and appoint a representative.
    • Pension account: this account is used to process your precious metal-approved pension investments. It is important to note that pension assets can never be delivered to the individual while the assets reside in a pension account.
    • GoldSaver account: this is our popular savings account. Conveniently save a pre-set amount in gold on a regular basis for no less than 12 months, after which you can sell for cash, take delivery or keep going. It is great for cost averaging into a market in a budget friendly manner, safely.


  • We are obliged by law to identify our clients. This is a very simple exercise. You have to identify themselves by providing an official valid photographic identity card or passport and a recent utility bill with your full name and address displayed clearly.

    When you receive your account opening pack via email, after you register online, you will be given clear instructions on what documents we will need.

    You can scan and send the documents by email or post.

    For Perth Mint you will need to meet stricter requirements, please review the account pack sent to you after you register and open an account.

  • In order for you to buy gold or silver we require your account to be funded.

    You can deposit funds in most major currencies.

    Your funds are always held in segregated client funds’ accounts so they are very safe. Irish residents can wire their funds  to our client funds bank account; details will be sent to you when you open your account online. GoldCore is a long-established and trusted company, so you can be assured your funds will be treated with the greatest of care.

    You can also deposit with a credit card (some fees do apply), or debit card.

  • You can choose between gold, silver, or platinum. You can invest in one or all three. Most investors choose gold as it tends to have a the best long term credentials when it comes to storing value and hedging against systemic risk. Silver is also very popular.

    Those expecting a strong rally in precious metal markets tend to have an significant allocation to silver because many believe it is very much undervalued relative to gold.

    You will need to decide which format of metal to own. For large long term investments we recommend 1-kilo gold bars held in dedicated storage accounts. You can store in a variety of formats and locations including taking delivery. Call our office to discuss your options.

  • You have lots of options. Decide if you want to take delivery or have your metal stored.

    If you want to take delivery, you should opt for 1 oz bars or coins; they are portable, easy to resell, impossible to forge, and inexpensive.

    If you would rather have your valuables stored for the longer term, you can explore small and larger bars and coins. We offer state of the art storage facilities in Asia, Australia, Switzerland and the UK.

    You can also opt for the Perth Mint Certificate Programme which will store your metal for free and apply a government guarantee.

    Or you can do all three.

  • Placing an order could not be easier. Irish clients can log in on any device and buy securely on our dedicated trading platform. We offer highly competitive pricing on the most popular products.

    You can buy or sell precious metal assets via our easy to use web trading platform.

    Simply log in and follow the instructions.

    You can also phone our super friendly sales support desk and they can take your order over the phone or guide you through the online purchase process.

Why Buy Gold and or Silver

It has never been more important to allocate gold and silver to your portfolio

  • Geopolitical risk can refer to a number of threats and disruptions that alter the political and geopolitical climate, such as wars, border disputes, mass migrations, and trade and security disputes. These issues in turn can impact on global or regional trade, capital flows and the financial system in unpredictable ways and so lead to heightened uncertainty and less clarity about the future.

    Geopolitical risk also encompasses oil and gas supply shocks, the rise in power of new economies, the risks from unexpected election results and power changes — especially within emerging economies, and even the waning power of multilateral institutions as individual countries engage in bilateral agreements and deals to the exclusion of existing international arrangements.

    For example, there is speculation that the UK may hold a referendum on EU membership in the coming years with a view to either remaining in the European Union, or exiting it. If the UK population voted to exit the EU, this would have serious repercussions for Ireland since Great Britain and Northern Ireland are the largest trading partners of the Republic, both for exports and imports. A UK exit from the EU would adversely affect trade and customs relationships between the two economies and could severely affect economic growth in both areas.

    Geopolitical events can and do occur without warning and sometimes have devastating effects on seemingly unconnected economies due to an increasingly interdependence global economy. Geopolitical risks are also increasing in frequency, again due to increased global interdependence. When uncertainty rises, financial markets become stressed, and investors manage the heightened risk via a ‘flight to quality’ i.e. a move into real assets that are known to preserve purchasing power and that act as currency or inflation hedges.

    Gold is one of the main beneficiaries of this flight to quality. Gold is a finite asset, and is no one else’s liability, it has no counterparty risk and no default risk, and it is universally accepted as a high quality asset when the value of other financial assets becomes questionable. These characteristics make gold the ultimate safe haven asset.

    During periods of market turmoil the gold price tends to increase as other financial asset prices are falling. When Irish investors own gold, it provides a degree of wealth protection from geopolitical risk and a level of financial insurance from the system and its accompanying risks.

    GoldCore has always maintained that Irish investors should hold a properly diversified investment portfolio. This diversification should include a modest allocation to assets which protect portfolios in times of heightened market turmoil. Substantial academic and financial sector evidence exists to demonstrate that a modest portfolio allocation to gold bullion can greatly reduce the negative returns on portfolios of unexpected geopolitical events.

  • Monetary risk refers to a set of risks that may alter the existing monetary system.

    In Ireland, the monetary system is made up of the Central Bank of Ireland acting in consort with the Irish commercial banks, but the Central Bank of Ireland is also a member of the Eurosystem, having shared statutory authority with the ECB to create Ireland’s money supply.

    The Irish commercial banks augment this supply through fractional reserve banking and credit creation. The Irish monetary system as part of the Eurozone, then interacts with other economies and currency zones to create the international monetary system.

    When external risks arise, such as geopolitical risk, systemic risk or macroeconomic risk, the ECB are forced to alter monetary policy, sometimes in extreme ways, which can have the effect of radically altering the monetary landscape that investors have previously taken for granted.

    When the global financial crisis hit in 2008, central banks around the world feared that the international monetary system would collapse so they coordinated on implementing monetary policy changes. These changes are still reverberating around the world today, because the problems were not fixed, merely postponed.

    Since 2008, major monetary authorities such as the U.S. Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan, have embarked on near zero interest rate policies, debasement of their currencies, and in some cases quantitative easing by buying their country’s treasury bonds. This affects Irish savers who, instead of being rewarded for saving, are now being penalised by the ECB due to the ECB’s negligible interest rates.

    When the Irish banking system nearly collapsed during the banking crisis, there was a real risk that Ireland could have been forced to leave the Eurozone. This was a severe monetary shock to the economy and one which was never envisaged when Ireland joined the euro just 10 years previously.

    This massive increase in global money supply has created potential inflationary risks, since the rate of inflation is, in a lot of cases, above the rate of return available on bank deposits, and the expansion of the money supply has reduced the purchasing power of euros.

    The increased money supply has also generated asset bubbles in stock markets and in some cases property markets, such as our own property market bubble in Ireland and similar bubbles in the U.S. and, potentially, the UK.

    Gold has been shown to be an inflation hedge and a hedge against the debasement in the value of paper currencies. As inflation rises, gold’s price also rises, and so it retains its purchasing power.

    Gold is a monetary asset that will help protect Irish investors from monetary risks over the
    coming years.

  • Gold bullion has long been held by investors seeking protect their wealth from the risks posed by systemic events.

    Systemic risk refers to the possibility that the entire financial system could become unstable and potentially collapse. Normally a financial system is stable, and does not transmit shocks through the financial sector or into the wider economy. However, on occasion, the failure or potential failure of a financial firm or institution may create a domino effect and impact the health of similar firms.

    Often, if investment or financing problems are perceived at a bank, the broader marketplace will not want to lend to that bank and perceived problems become real problems. If certain assets or investments in one bank become problematic, this can affect the value of similar assets at other banks. This is called financial contagion and can also be responsible for transmitting systemic risk.

    These concepts are best illustrated by the events of 2007 and 2008 which most famously led to the collapse of U.S. investment bank Lehman brothers in September 2008 and the earlier collapse of Bears Stearns, another U.S. investment bank. Both banks experienced large losses on investments tied to U.S. subprime mortgages.

    This led to panic in the global interbank lending markets beginning around mid-September 2008, and the associated bailing out of U.S. banks.

    On a wider scale, banks around the world stopped lending to each other and wholesale money markets froze up, creating liquidity problems. Central banks around the world had to flood the markets with emergency financing and take low quality assets as collateral in return to providing financing to banks.

    However, since the interbank lending market is global, there was a systemic shock and Irish banks could not raise new short-term loans to cover their huge property lending exposure. This caused insolvency risk in the Irish banking sector and a fear of illiquidity for bank depositors.

    The Irish government then infamously stepped in during late September 2008 with their bank deposit guarantee deal to bail out the Irish banks to the tune of multiple billions, followed by the bankruptcy of Irish finances which then had to be bailed out by the IMF and ECB. This is a classic example of a systemic shock from another market (the U.S.), having a ripple effect on a separate market (Ireland) due to the global interconnectedness of the financial and banking markets.

    The collapse of Anglo Irish Bank and the bailouts and restructuring of AIB, Bank of Ireland and Permanent TSB still left, the surviving lending institutions with huge non-preforming loan exposure to the small and medium enterprise (SME) sector. Like in the mortgage market, the Irish banks, in order to survive, were forced to contract credit and increase loan costs to the SME sector. This has had an extremely severe impact on the Irish SME sector which accounts for half of Irish GDP, and nearly 75% of Irish employment.

    There is a view that the Irish banks are not accounting correctly for their exposure to the Irish SME sector. The problems with the Irish economy remain despite a return of some economic growth and the exit from IMF and ECB led borrowings.

    The gold price rose strongly before and during this credit crisis. Before the crisis broke, gold’s price was bid up by the market in anticipation that these systemic risks were coming to the fore. During the crisis in late 2008, gold price’s performed well as it was correctly seen as a safe haven asset that would provide shelter from the market turmoil.

    The problems from the 2008 crisis have never been resolved and are merely being papered over. Central banks continue to intervene to prop up bond markets via quantitative easing. Stock markets increasingly rely on the support and liquidity provided by these central bank interventions. There is still the risk of another Lehman moment, maybe increasingly so.

    The crisis has continued and in 2013 in Cyprus in a watershed moment, the Cypriot government was forced to nationalise banks, resulting in businesses not being able to access the critical functions of the banking system. Furthermore, depositors with balances over a certain threshold were penalised in the form of a bail-in tax.

    EU-sanctioned bail-ins as opposed to bail-outs may soon become the norm within the EU. The Irish economy is still exposed to these developments despite what some commentators may say. It is therefore prudent for investors to hold some gold as a portfolio diversifier and a hedge against future systemic risks.

  • For an investor, macroeconomic or macro risk refers to unexpected changes in the value of their assets due to shocks to real economic growth.

    This essentially means shocks from downturns in the business or economic cycle, in other words, recessions, or in extreme cases, depressions. Since the global economy is interdependent, shocks to economic growth in the major industrialised economies would tend to be the most concerning, however, with the rise of emerging powers such as the BRICS, macro risk can also come from emerging economies.

    The factors that create macro risk for investors would include real economy variables such as the unemployment rate, the health of the construction industry and industrial production, and also monetary variables such as interest rates and exchange rates. Macro risk factors can even include commodity price shocks such as oil or gold price changes.

    In turn, these economic shocks can exist in the presence of inflationary shocks, so could lead to a recession accompanied by deflation, or high inflation, or even hyperinflation, or less likely but possible, a stagnant economy with high inflation, known as stagflation.

    The Irish property bubble and its bust is a vivid illustration of a macroeconomic shock. Although there had been warnings from various quarters that the Celtic Tiger property bubble in Ireland would eventually pop, when the bubble began to unwind in 2007 and then burst in 2008, it was still an unexpected event for the majority. The bursting of the property bubble caused a macroeconomic shock across the country. The fall in property prices precipitated the Irish banking crisis, causing loan losses on all of the Irish banks’ loan books and making the banks essentially insolvent.

    As property developers went bust, they froze and abandoned construction projects, throwing the Irish construction industry into disarray, and leading to high levels of unemployment in the construction sector and a knock-on effect of reduced economic activity in lots of adjacent sectors, and amongst suppliers to the construction industry.

Safe Storage Options

  • Ultra-safe storage locations: Zurich, Singapore, Hong Kong, London, Perth

    GoldCore only offers segregated allocated storage. This means that you own specific bars and coins in a specific location. You do not part-own a bar with other customers.

    Over the past 10 years GoldCore has assisted many Irish clients with the purchase and storage of allocated gold bullion. In that time we have built a global network of storage, logistics and insurance partners who work with us in safeguarding the gold bullion stored on behalf of our clients.

    We have chosen to develop a global secure storage solution because historically there have been no world-class precious metals storage vaults in Ireland. Even the Central bank of Ireland stores the country’s gold reserves abroad in Bank of England’s vaults.

    International storage should be seen as part of a prudent geopolitical diversification strategy. For example, most of GoldCore’s vaulting facilities are located outside the EU, which could help mitigate any potential future risk that clients’ bullion could be impacted by EU or Eurozone capital controls.

    Some of our partner vaulting facilities are located in some of the safest locations globally including Switzerland and Singapore. In a similar way that the safest banks in the world are currently not in Ireland, but in Switzerland, Singapore and Australia, the safest precious metals vaulting facilities are also in these locations.

    This is not a coincidence because the economies of these countries are strong, they are politically stable and independent, and they have built up global reputations for financial property rights, confidentiality, and discretion.

    For first time buyers of gold bullion or even those looking to select a new storage partner, there are a number of key benefits which differentiate GoldCore.

  • GoldCore charges an annual storage fees from 0.49% to  1% per annum for client gold stored with GoldCore’s vaulting partners Via Mat and Brink’s.

    Storage charges are calculated and accrued daily based on a daily valuation of the client’s gold holding, and then billed six months in arrears at the end of each April and October.

    A daily billing calculation means that the storage fee is accurately applied to the changing value of the gold, and reflects the changing gold price over the billing period. This calculation approach prevents large movements in the gold price affecting the bi-annual storage fee, which could occur if the fee was calculated based on just one day’s price.

    When an Irish client buys physical gold from GoldCore, the initial purchase price does not include a storage fee. Therefore the client defers payment on storage until the first invoice date, which could be up to six months later. For example, if a GoldCore client buys gold in the first week of May, they only get billed for their first storage fee nearly six months later at the end of October, and so the client avoids an upfront storage fee at the time of purchase.

    Global Locations
    The second most important decision an Irish buyer faces is how to store their gold. The first is the actual decision to purchase gold. Ideally, Irish gold bullion buyers or investors should diversify across storage locations to minimise event risks such as theft, government confiscation, terrorism, war and natural disasters that might affect one location.

    This may mean keeping a small quantity of gold at home or in a readily accessible location, while storing the majority of your gold bullion holding in a secure international precious metals storage facility or vault, preferably in a financially stable and politically stable jurisdiction. GoldCore has partnered with Via Mat and Brink’s, world leaders in precious and valuable storage solutions, to provide fully insured storage services to our Irish clients across a number of international jurisdictions in Switzerland, Singapore, the UK, the U.S. and Hong Kong.

  • Direct ownership of gold means owning actual individual gold bullion coins and bars either in your possession or in allocated, segregated and fully-insured accounts that you can access easily and from which you can quickly take delivery of your gold bullion.

    There is no counterparty risk with direct ownership since the gold bullion is the legal property of you, the investor. Should the provider go out of business, this does not impact your ownership or your access to the gold bullion.

    By having direct ownership of physical coins and bars you can sell your bullion back to any number of international bullion dealers. This reduces your dependence on one single provider and also means that you are not dependent on an online digital bullion platform where the gold has to be sold back within that platform

  • All client precious metal (gold, silver, platinum and palladium) stored by GoldCore at storage facilities in Zurich, Hong Kong, Singapore, London and New York is audited via a tri-party auditing procedure. On a daily basis, GoldCore Operations will reconcile client precious metal storage records against the vaulting facility records of the storage provider. If discrepancies are found in the records, these are fully investigated and quickly resolved.

    On an annual basis, GoldCore directs independent auditor Inspectorate International Limited to audit GoldCore clients’ precious metal inventory stored at storage facilities. This involves a physical inventory of all metal records and an audit of the weights of a sample of precious metals holdings. Discrepancies, if found, are brought to the attention of GoldCore and the storage provider and investigated and quickly corrected.

    Inspectorate International is one of the supervisors of the LBMA good delivery system and is an associate member of the LBMA.

    The Perth Mint undertakes full quarterly inventory stocktakes using both internal and external auditors from major accounting firms in Australia. The audits are reviewed by the Auditor General of the State of Western Australia who is answerable to the State Parliament.

  • Irish clients with precious metals storage accounts at GoldCore enjoy full transparency and accessibility over their holdings. Customers using Via Mat’s storage vaults in Zurich, Hong Kong or London, or Brink’s facility in Singapore, can log on to the respective storage providers’ websites and view their holdings in an inventory reporting application.

    In addition, all GoldCore metals storage clients have online access via GoldCore’s website to view their holdings and balances.

    GoldCore’s clients with allocated precious metals stored at our partner vaults internationally and at the Perth Mint are also able to visit the storage facilities to view their holdings. For security reasons, all visits need to be requested and sanctioned in advance.

    If the need arises, customers can also take delivery and possession of their bullion from the storage vault. In these cases, GoldCore will arrange for insured delivery of the customer’s bullion.

    Historic Gold Storage in Ireland
    Gold coins had been used as circulating money in Ireland for hundreds of years until the early 20th century. This is not surprising since gold also circulated throughout Britain and Continental Europe during the same period. While gold circulated as money in peaceful times, it was also seen as the ultimate financial insurance during the many wars, rebellions and invasions that Ireland has witnessed over its long history.

    While nowadays there are more organised and secure ways for Irish investors to store and protect their gold, this was not always the case.

    A number of historic Irish gold hoards have been discovered that testify to the value people placed on gold during times of crisis and the lengths they went to hide and secure their gold or prevent it being confiscated.

    In 2013, a hoard of 81 gold coins from the 17th century was found in Carrick on Suir, Co. Tipperary. The coins, guineas and half guineas dating from 1664 to 1701, appear to have been hidden by a family during the Penal Laws period as a way of protecting their portable assets. The coins are now on display in the National Museum in Collins Barracks, Dublin.

    In 1947, an even larger hoard of over 100 gold coins was found in Portarlington outside Dublin. The “newest” coin in the hoard was dated 1651 which led the National Museum to believe that the hoard had been buried by the Treasurer of the Irish Army as they retreated during the Cromwellian invasion of 1649/1650. This hoard is also on display in the National Museum, Dublin.

    Thankfully, with the choice of world class secure storage facilities available, it is not necessary these days for Irish investors to resort to hiding gold in their house or in the ground, and we would not recommend such as strategy.

Why Choose GoldCore?

  • Sourcing precious metals requires specialised knowledge and experience, so it is essential to find a firm that can answer your questions and is not only trying to close a sale. When it comes to investing in precious metals, there are a wide variety of options to choose from ETFs to electronic gold to physically-held gold. Most of these may be quite unsuitable for long term investors, but with GoldCore, our expertise in finding the right product, on the right terms and at a fair price, is what makes us different.

    We are trusted by governments, pension funds, large corporates and private investors in over 45 countries to do just that – deliver the solution that fits your needs. We are experts in finding that product, shipping it out safely and if needed, storing it for you too in fully insured secure vaults.

    Investors in Ireland have long associated GoldCore with excellence when it comes to the sourcing, storing and shipment of their precious metal investing needs. GoldCore has over 10 years of experience delivering gold and silver investments to investors in cities such as Dublin, Cork and Galway.

    We focus on three key areas to deliver the highest quality experience for our customers:

    • Selection: we offer many ways to buy gold and silver.
    • Delivery: we can deliver the metal of your choice to your address fully insured; Storage, we will deliver your gold to a storage location of your choice.
    • GoldCore proudly serves over 3,500 clients in more than 45 countries and since we were founded we have established an international reputation and today have business partner status with many of the world’s mints and storage companies.
  • At GoldCore we believe in protecting, to the very best of our ability, the assets and wealth of our clients in Ireland and across the globe. We do this through the provision of precious metal services of the highest international standard.

    We foster and encourage, both within the business and with our partners, the pursuit of efficiency and the ideal of excellence through continuous innovation. This approach, we believe, is the correct one to offer the levels of service required to maintain the business and protect our clients’ wealth well into the future.

    Finally, GoldCore believe in striving to do good, providing value and reaching the highest possible ethical standards for the benefit of ourselves, our staff, our clients and our communities.

  • We deal with a huge range of clients, from large corporates to small private investors. From CEOs of banks to young executives buying their first gold bar or coin. They are as different as they are alike. Our clients are what make our job interesting.

    We love debating with our clients, asking their opinion, what motivates them, why they think the way they do. We believe that by interacting with our clients and learning all about their motivations we keep in touch with our core market and at the same time validate our work and our products.

    Our clients are almost universally positive towards us, how we conduct ourselves, and how we keep our promises. Yes, we are human, so on rare occasions we do slip up, but we find that if we keep our clients informed and work hard to rectify the situation our clients are almost always satisfied.

    We are asked who are clients are all the time. In truth, they tend to be open and independently minded, well-travelled and well-read, curious and passionate. They tend not to be “followers” but rather reserved and cautious.

  • GoldCore was founded in 2003 when gold was trading at just $240 an ounce. Our first office was in Dublin’s Fitzwilliam Square.

    Stephen’s Story

    I have worked here at GoldCore for nearly 10 years, and I love it. Officially my job is CEO, unofficially my job is to make sure everything runs smoothly so we make good on our promises to our clients; to provide the very best service, advice and know-how.

    Day-to-day I work with select clients who ask for me by name, strategic partners on new ways to win business, and I also fill in wherever I am needed – no job is too small. I am really proud of GoldCore’s team of client orientated professionals – they are tops and our public client reviews really bear this out. My professional background started with my degree in Business from Portobello Business College and then I held a variety of financial and trading posts in New York, most recently from Goldman Sachs were I worked as a Sales Trader in Equity Derivatives.

    I am married to the beautiful Paula and we have three young boys and yes, they are a handful! We live in the Dublin Mountains in a rural setting and we own two very productive chickens and a lazy cat. I love mountain walking and biking, current affairs, history, everything IT and a really good movie. I love getting away to far flung places and I am planning an epic trip with my boys across South America, (my wife has not quite committed to this idea, but I am working on her!)

    Mark’s Story
    I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent. I have been an Executive Director in GoldCore since its foundation and today I am Research Director. As our customer base grew both domestically and internationally we were receiving a steady stream of requests from our clients and wider public for detailed analysis of the precious metals market. To meet this demand, I stepped into the Research Director’s role and am responsible for helping to inform and educate our clients and followers on how to protect and grow their wealth through owning gold and silver bullion.

    I have a B.A. in History and Greek and Roman Civilisation from University College Dublin and this gives me an insight and a prism with which to view today’s turbulent world. I contribute to media internationally and take part in the Reuters, CNBC and Bloomberg gold and precious metal surveys. I am proud of the fact that we are now acknowledged experts on precious metals and our research is respected as informative and enlightening. We correctly warned about mortgage and debt bubbles in Ireland, the UK and the U.S. in 2005 and 2006 prior to the bubbles bursting.

    Today, I am concerned that we have not learnt our lessons and we are repeating the same mistakes as before and there will be similar negative consequences.

    I am a married man with a great wife and two beautiful baby girls. They keep me on my toes and make me very happy.