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 there bullion investments needs.
    • Joint Accounts: Used by two or more private individuals.
    • Corporate Accounts: This account allows companies to open up a trading account. Companies will need to provide special documentation and appoint a representative. Pension Account: This is 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 they 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 then 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. Clients will 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 via email or send by post.

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

  • In order for you to buy gold or silver we require your account to be generally 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 company and trusted, 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).

  • You can choose between gold, silver and 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.

    UK investors would be wise to consider an investment in British Gold Sovereigns or British Gold Britannia’s as the gain on any of these coins will be free  of capital gains tax. This makes these coins very attractive from a tax planning perspective.

    Those expecting a strong rally in precious metal markets tend to have an significant allocation to silver as 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 and 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. UK 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 on-line purchase process.

Why Buy Gold and or Silver

  • 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, if a referendum is called on the UK’s membership of the EU, and the UK population votes to exit the EU, this would have unforeseen consequences on the rest of the world’s view of the UK as regards trade and investment flows. Similarly, an independent Scotland could damage the UK’s standing in international bodies and also put strain on the security arrangements of the more fragmented nations post-independence.

    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 UK 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 UK 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 the UK, the monetary system is made up of the Bank of England acting in consort with the UK commercial banks. The UK commercial banks augment this money supply through fractional reserve banking and credit creation. The UK monetary system 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 arise, the Bank of England is 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 Bank of England, the US Federal Reserve, the European Central Bank, and the Bank of Japan, have embarked on near zero interest rate policies, debasement of their currencies, and in some cases they have embarked on quantitative easing by buying their country’s treasury bonds. This affects UK savers who, instead of being rewarded for saving, are being penalised by the Bank of England for saving, due to the Bank of England’s negligible interest rates.

    When the UK banking system was brought to the brink during the 2007-2009 UK banking crisis, there was a real risk that the UK monetary system could have collapsed. This was a severe monetary shock to the economy and one which was never envisaged for an economy with a banking system as strong as the UK.

    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 potential asset bubbles in the UK stock markets and arguably a similar bubble in the UK property market.

    Gold has been proven 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 UK investors from monetary risks over the coming years.

    Monetary risk also refer to a loss of confidence in the monetary system and the risk that the existing system will not be able to continue without overhaul or a global reset. There is growing consensus that the era of US dollar as the primary international trade and settlement currency is nearly over, and that a future international monetary system will look significantly different.

    To what extent the Russian ruble or the Chinese yuan forms a part of any new system and how this would affect the UK, is unclear at this point in time. There is a growing view that a new international system may need to be backed by gold, since only gold can provide the confidence and stability that a new international system requires.

  • 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.

    ormally 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 US investment bank Lehman brothers in September 2008 and the earlier collapse of Bears Sterns, another US investment bank in 2007. Both banks experienced large losses on investments tied to US subprime mortgages.

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

    However, the effects of this crisis hit the UK earlier than most in the form of the panic surrounding Northern Rock in 2007. As the credit crisis began to hit in August 2007, Northern Rock, which primarily used the money markets to fund itself, found that it could not get the required funding due to increased interbank borrowing costs, and it therefore needed to ask the Bank of England for emergency funding. This caused a bank run on Northern Rock, the first British bank run in over 100 years, and the intervention of the Chancellor to provide a guarantee to all UK bank deposits.

    On a wider scale, banks around the world stopped lending to each other and wholesale money markets froze up, creating liquidity problems throughout 2008. 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.

    Since the interbank lending market is global, there was a systemic shock in the form of the credit crisis and many UK banks found it difficult to raise financing. This caused insolvency risk and a fear of illiquidity for bank depositors. The Government had to step in by recapitalising banks and giving loan guarantees. Some of the better known recipients of these bank recapitalisations were Royal Bank of Scotland, Lloyds TSB and HBOS.

    The gold price rose strongly before and during this 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 continued and in 2013 in Cyprus in a watershed moment, the Cypriot government was forced to nationalise the banks which resulted 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. It is therefore prudent for investors to hold some gold as a portfolio diversifier and a hedge against future systemic risks.

  • For an investor, macro-economic 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.

    A potential looming economic shock to the UK is Scotland’s potential exit via the upcoming referendum. There is no definitive view on how the type of macro-economic shocks that might hit the UK economy if Scotland exits the United Kingdom.

    What is clear is that there would be a noticeable effect on both the economic growth of an independent Scotland, and the remaining union of England, Wales and Northern Ireland. Primarily the initial period following a Scottish exit would create uncertainty, and uncertainty is not good for economic growth or financial markets. A Scottish exit would also heighten concern from the UK’s international trading partners that the UK may also vote (if it came to it) to exit the European Union.

    An investment in gold has been proven to help impact the macro shocks that adversely affect other financial asset classes when uncertainty about the future threatens economic growth.

Safe Storage Options

  • Ultra Safe Storage Locations; Zurich, Singapore, Hong Kong, London, Perth

    GoldCore only offers Segregated Allocated Storage. Meaning you own specific bars and / or coins in a specific location. You do not part own a bar with other customers.

    Over the past 10 years GoldCore has assisted many UK 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 that work with us in safeguarding the gold bullion stored on behalf of our clients.

    We have chosen to develop a global secure storage solution since international storage should be seen as part of a prudent geopolitical diversification strategy. Although many central banks around the world use the bank of England vaults in London for the long term storage of their countries’ gold reserves, unfortunately, gold accounts at the bank of England are only available to central banks, monetary authorities and large bullion banks.

    While GoldCore offers secure precious metal storage in London, 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 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 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 fee of between 0.49% and 1% per annum for client gold stored with GoldCore’s vaulting partners Via Mat and Brinks. Storage fees of less than 1% are available for larger values of bullion stored.

    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 a UK 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 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 a UK buyer faces is how to store their gold. The first is the actual decision to purchase gold. Ideally, a UK 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 Viamat and Brinks, world leaders in precious and valuable storage solutions, to provide fully insured storage services to our UK 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/or bars either in your possession or in allocated, segregated and fully insured accounts that you can access easily and quickly take delivery of your gold bullion from.

    There is no counterparty risk with direct ownership since the gold bullion is the legal property of you the investor, and should the provider go out of business this does not impact your ownership of, 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 and London (what about 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 a semi-annual basis, GoldCore directs independent auditor Inspectorate International Limited to audit GoldCore client 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 the precious metals holdings. Discrepancies, if found, are brought to the attention of GoldCore and the storage provider and investigated and quickly corrected.

    UK based Inspectorate International, part of the global Bureau Veritas group, 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.

  • Clients with precious metals storage accounts at GoldCore enjoy full transparency and accessibility over their holdings. Customers using Viamat’s storage vaults in Zurich, Hong Kong or London can log on to the Viamat International web site and view their holdings via a web based inventory reporting application.

    The level of detail provided is thorough, including client account number, item description for bars or coins, quantity held, gross weight, fineness, item value in USD, and bar brand (for bars). This facility will soon be offered with Brinks Global.

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

    GoldCore clients with allocated precious metals stored at GoldCore’s 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 via one of the following specialised logistics companies that we use: FedEx, UPS, Brinks or G4S.

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 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 40 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 the UK & 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 London, Manchester. Liverpool, Cardiff and Glasgow.

    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 40 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 client’s 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, CEO’s 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
    Stephen-Flood

    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
    Mark-O'Byrne
    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.