GoldSaver Account

Who are GoldCore?
Founded in 2003 in Dublin, GoldCore are now one of the leading gold brokers in the world, serving clients in the Ireland and over 45 countries internationally.

GoldCore are frequent contributors to media in Ireland and internationally (Newstalk, Today FM, RTE, Bloomberg, CNN, Wall Street Journal, Dow Jones, Associated Press, Reuters etc.) and take part in the Bloomberg and CNBC Gold Surveys and the Reuters Precious Metals Poll.

GoldCore have over 4,200 clients, with over $200 million in assets under management and storage. We offer mass-affluent, HNW, UHNW and institutional investors, including financial advisers and family offices, gold bullion for delivery and storage in the safest jurisdictions in the world.

What is the GoldSaver account?
The GoldSaver account was the first gold accumulation program in Ireland, in Europe and indeed in the western world. It allows investors and savers in Ireland the opportunity to build up an investment in gold bullion over a period of time by saving in physical gold bullion.

How does the GoldSaver account work?
As a GoldSaver account holder you will nominate a sum of money to be allocated to gold on a monthly basis. The minimum fixed monthly amount for Irish GoldSaver clients is €100 per month and there is no maximum.

This deposit can be paid by standing order on a specific day each month or a lump sum can be paid and then allocated to gold on a monthly basis in classic dollar cost averaging style.

This date is the same for all GoldSaver clients and is currently the 6th or the 8th (if the 6th falls on the weekend) day of any given month. GoldCore purchases gold bullion on behalf of GoldSaver Account clients at the London Bullion Market Association (LBMA) AM U.S. dollar gold fixing price.

This is the global industry standard benchmark gold reference price, derived from the highly liquid London gold market, and guarantees price transparency since it is a traded price, based on actual physical gold trading in the London gold market.

GoldCore then credits the gold ounces purchased to each client’s GoldSaver account which can be accessed through our highly secure, password-protected on-line account access.

GoldSaver clients can view all current and historic trades along with valuations of their gold holdings.

Are my savings safe?
The gold for GoldSaver accounts is purchased from the Perth Mint of Western Australia and stored in the Perth Mint’s secure vaults, insured and guaranteed by the very stable government of Western Australia — one of the wealthiest in the world.

How do I open a GoldSaver Account?
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.

What are the anti-money laundering requirements to open a GoldSaver account?
In order to become GoldSaver clients, Irish clients must provide the following:

  • Copy of photographic id
  • Copy of recent proof of address in the form of a utility bill

How much can I save per month?
The minimum is €100 per month, with incremental options for €250, €500 and there is no maximum

Can I make additional deposits?
Yes. You can make additional deposits into your GoldSaver account at any time using your secure online account.

What is the minimum deposit term?
The minimum term for saving in a GoldSaver Account is 12 months. After 12 months, you can choose to continue to saving, stop saving but keep your account open, cash in your savings for Euros, or have your gold delivered to Ireland at an applicable cost for shipping and insurance.

What if I change my mind
There is a 15-day cooling-off period during which you can cancel your account without penalty.

Are there any charges?
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 Deposit Interest Retention Tax, stamp duty, or VAT levied on any gold purchased throughout the EU.

Is GoldSaver regulated?
Bullion dealing worldwide has no regulatory body. GoldCore is regulated by the Financial Regulator in Ireland as an Authorised Advisor for our Wealth Management division.

GoldCore is regulated by the Financial Regulator in the Republic of Ireland as an Authorised Advisor, for the provision of estate planning and wealth management services. Bullion dealing, worldwide, has no regulatory body and is unregulated akin to foreign exchange and property.

How can I contact GoldCore?
Our team can be contacted at +353 (0)1 632 5010 or via e-mail at helpdesk@goldsaver.ie.
Our office hours are 9AM – 5PM, Monday to Friday.