GoldCore Review 2023: Legit or Scam? (Truth Exposed)

Hello! Welcome to my GoldCore Review!

Precious metals have been a valuable investment for centuries. They have been used as currency, a way to store wealth, and a hedge against inflation and economic uncertainties.

Today, there are many companies that offer precious metal services. These companies can buy, sell, and store precious metals, and they can also provide information about the precious metals market. If you are looking for a dealer company to invest in, you may have come across GoldCore.

GoldCore is a precious metals company that deals with gold and silver. You are probably wondering if they're legit. Well, in this article, we will explore whether or not they are worth investing in. Should you trust them? Let's get started with this GoldCore review!

GoldCore Review Quick Summary

What is GoldCore?

GoldCore is a precious metals investment company and international bullion broker based in Dublin, Ireland. It is open to corporate, institutional, and retail investors alike with over 14,400 clients, with over $130 million in assets under management and storage.

GoldCore was founded in 2003 and was the first Irish gold broker. It was previously regulated by the Republic of Ireland's Central Bank from 2003 but in 2017, GoldCore transferred its regulatory registration to the United Kingdom's Financial Conduct Authority, a sign of its commitment to providing its clients with the highest possible standards of regulation.

They are currently serving clients from more than 130 countries and has opened their own storage facilities and services. GoldCore offer a range of precious metal products and services including Perth Mint Certificates, GoldSaver (gold accumulation program), and bullion coin and bar delivery.

GoldCore Products

The company offers various precious metal products including gold, silver, platinum and palladium in the form of bullion coins and bars of different sizes. These are supplied directly from approved refiners and leading government mints. 

The following are the gold and silver metals that are available currently in their website:

• Gold: American Eagle, Canadian Maple Leaf, South African Krugerrand, Australian Kangaroo, Pamp Suisse Gold Bar, British Gold Britannia, and Gold Bars of different weights.
• Silver: American Silver Eagle, Canadian Silver Maple Leaf, Australian Silver Kangaroo, Pamp Suisse Silver Bar, Austrian Silver Philharmonic, Mexican Silver Libertad, British Silver Britannia, and Silver Bars of different weights.

As for the platinum and palladium precious metals, GoldCore doesn't have a specific section wherein you can look at the prices. If you wish to know, you can just contact their customer service and ask yourself.

Does GoldCore Have IRA Services?

GoldCore did not have these services before, but they now provide precious metals IRA such as Gold and Silver IRAs. But, take note that although they offer IRA-eligible precious metals, GoldCore is not an IRA custodian.

To start your precious metals IRA with GoldCore, you only need to follow these simple instructions. You will need to open an account with an approved custodian. Once your account is open, you can fund it with a personal check or bank wire, a custodian-to-custodian direct transfer, or an IRA rollover.

If you already have an IRA with one of GoldCore's approved custodians, you can simply add GoldCore as your interested party or precious metals dealer. Once your account is funded, you can purchase approved gold and/or silver from the company.

You can choose to have your gold and/or silver stored in GoldCore's secure vaults or in your own personal vault. After your account is funded, please notify your representative at GoldCore. Once they have verified available funds, you are ready to buy gold or silver.

GoldCore Prices and Fees

GoldCore's product prices are competitive. They are not necessarily the cheapest in the industry, but their precious metal products prices are still alluring. Overall, the exact price and fees you will pay will depend on the specific product you purchase, but here is a general overview:

• Premium: GoldCore charges a small premium over the spot price for gold, silver, and platinum. The premium is typically around 0.5% for gold and 1.0% for silver.
• Storage: GoldCore charges a storage fee of 10 basis points per year for gold and 20 basis points per year for silver and platinum. This means that if you store 1 ounce of gold with GoldCore, you would pay $1.00 per year in storage fees.
• Transaction fees: GoldCore charges a transaction fee of 0.5% for buying and selling gold and silver. This means that if you buy 1 ounce of gold for $1,000, you would pay $5 in transaction fees. There is no transaction fee for redeeming gold or silver.
• Minimum deposit: The minimum deposit for GoldCore is $100. This means that you must have at least $100 in your account before you can start buying, selling, or redeeming gold.

How Does GoldCore Work?

GoldCore is a precious metals dealer that allows you to purchase gold and silver bullion online or via phone. To purchase from GoldCore, you will need to open an account and deposit funds into your account. Once you have done this, you can start purchasing gold and silver bullion.

To open an account with them, you can just visiti their website and click on the "Open Account" button. You will need to provide some basic information, such as your name, address, and email address.

Once you have opened an account, you will need to deposit funds into your account. You can do this by wire transfer, bank transfer, or credit card. When you have successfully added funds in your account, you are now able to purchase their silver and gold bullion selections!

Once you have purchased your gold and silver bullion, you will need to decide whether you want it delivered to you or stored in GoldCore's vault. If you choose delivery, you will need to provide your shipping address. If you choose storage, GoldCore will store your gold and silver bullion in their secure vault.

The steps are shown in the image below.

GoldCore Shipping Services

GoldCore offers various forms of shipping services be it domestic or international shipping. They work with several reputable courier and shipping companies such as FedEx, UPS, and Brinks. The shipping fees vary depending on the weight, size, and destination of your shipment.

The company offers free shipping for all orders over $10,000. Moreover, the shipping time will also depend on your shipping courier option. Take note that if you are located in a country that is not served by FedEx or UPS, you may only have the option to ship your order with Brink's.

All GoldCore shipments are insured in full value and you will also be given tracking information so you can oversee where your shipment is . Lastly, there is a signature requirement before you can receive your package. This is to ensure that the package is delivered to the correct person.

GoldCore Secure Storage

The GoldCore Secure Storage is a service offered by the company that allows customers to store physical precious metals in secure vaults located in some of the safest vaults and jurisdictions in the world. Some of these locations include the following:

• Brink's Global Vaults in Zurich, Switzerland
• Loomis Fargo Vaults in New York City, USA
• Delaware Depository Trust Company in Wilmington, Delaware, USA
• Via Mat International Vaults in London, UK

You can choose any of the following storage options. Prices and fees will depend on them, as well as the weight and size of your precious metals holdings.

• Pooled storage: This is the least secure option for storing your bullion, but it is also the most affordable. Your bullion will be stored in a common compartment in the vault with other bullion. This means that you will not have a unique serial number for each bar or coin, and you will not be able to track the specific bars or coins that are yours.
• Segregated storage: This is a less secure option than allocated storage, but it is still very secure. Your bullion will be stored in a common compartment in the vault, but it will be segregated from other bullion by serial number. This means that you will know which bars or coins are yours, but they will not be stored in a dedicated compartment.
• Allocated storage: This is the most secure option for storing your bullion. Your bullion will be stored in a dedicated compartment in the vault, which means it will be segregated from other bullion. You will also have a unique serial number for each bar or coin, so you will always know which ones are yours.
  

Accepted Payment Methods

GoldCore, as like all internationally established precious metals company, offers various payment methods for customers who would like to complete a purchase. You can see the following in the list below:

• Bank wire transfer: This is the most common payment method for Goldcore. It is a secure and reliable way to transfer money.
• Credit card: Goldcore accepts Visa and Mastercard. However, there is a 3.5% processing fee for credit card payments.
• Debit card: Goldcore accepts Visa and Mastercard debit cards. However, there is a 3.5% processing fee for debit card payments.
• PayPal: Goldcore accepts PayPal. However, there is a 3.5% processing fee for PayPal payments.
• Bitcoin: Goldcore accepts Bitcoin. This is a newer payment method, but it is becoming increasingly popular.

Take note that not all payment methods are available to you. They may vary depending on your location. For example, if you are located in the United States, you may not be able to use PayPal to fund your Goldcore account.

GoldCore GoldSaver

GoldCore GoldSaver is a program that allows you to buy and accumulate physical gold on a monthly basis. You can start with as little as $100 per month, and GoldCore will purchase the gold on your behalf and store it in their secure vaults.

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.

The minimum term for saving in a GoldSaver account is 12 months. After 12 months, you can choose to continue to save, stop saving but keep your account open, cash in your savings for dollars, or have your gold delivered to your door.

GoldCore's GoldSaver is a great way to build up an investment in gold bullion over time. It is convenient, cost-effective, and flexible.

Does GoldCore Have BuyBack?

Yes, GoldCore does have buyback (no minimum order amount requirements). You can sell your gold or silver bullion back to GoldCore at any time. The buyback price will be based on the current spot price of gold or silver.

In order to initiate a buyback, you would have to contact them first and then they will advise you on the necessary steps to do. They will retrieve your bars first and transported into an approved vault to be assessed first.

GoldCore will willingly buy back bullion that was sold to its clients and remained in its storage vaults. As for non-client bullion, kept in non-GoldCore vaults, these must first be shipped to their vaults, verified and potentially assayed.

Keep in mind, trading is permitted strictly during its regular business hours.

GoldCore Customer Support

Living up to its acclaimed services, GoldCore has a passionate Customer Service and Support team that is knowledgeable, helpful, and responsive to its loyal customers. They have various ways wherein you can contact them. The following can be seen below:

• 24/7 customer support: GoldCore's customer support team is available 24 hours a day, 7 days a week to answer your questions and help you with your account.
• Live chat: You can chat with a GoldCore representative live on their website.
• Email support: You can email GoldCore's customer support team with your questions.
• Phone support: You can call GoldCore's customer support team at their toll-free number.
• Knowledge base: GoldCore has a knowledge base on their website where you can find answers to common questions.
• Social media: GoldCore is active on social media, and you can contact them through their Facebook, Twitter, and LinkedIn pages.

GoldCore Pension Account

GoldCore Pension Account is a service offered by GoldCore that allows you to invest in gold as part of your pension plan. It allows investors to buy and hold physical gold in a self-invested personal pension (SIPP) or small self-administered scheme (SSAS).

This means that investors can benefit from the tax advantages of a SIPP or SSAS, while also holding a physical asset that is seen as a hedge against inflation and economic uncertainty. Take note that when you purchase the gold in your SIPP or SSAS then you are not the legal owner of the gold. Instead, your SIPP or SSAS is the owner of the gold.

GoldCore Pension Account is a relatively new product, but it has already attracted a significant number of investors. If you are considering investing in a GoldCore Pension Account, there are a few things you should keep in mind.

First, you will need to open a SIPP or SSAS with a provider that offers GoldCore Pension Account. Second, you will need to pay a management fee to GoldCore. Third, you will need to pay storage fees for the physical gold that you hold. Lastly, at GoldCore £30,000 is the minimum investment for a gold bullion pension scheme.

GoldCore Ratings and Reviews

Ratings and reviews from trusted experts can give you an idea of how good or bad a company's products and services are. It's important to read these reviews before investing.

Here is how GoldCore is rated and reviewed by other reputable websites. Take a look below. (UPDATED AUGUST 2023)

GoldCore BBB Rating

In their BBB profile, they have an A+ grading. However, they do not have a star rating because they do not have reviews. Yes, you read that right, they have 0 reviews in BBB.

Well, this may be because they have only been accredited by BBB since 2021, and because the company is based in Ireland, just expanded recently its services through USA. Nevertheless, we cannot really take anything out of this due to having no reviews.

GoldCore Trustpilot Rating

Interestingly, Nationwide Coin and Bullion has a great Trustpilot grading. The company received a 3.8/5 star rating, however, same as their BBB profile, this is from 2 views only. The minimal views won't really help us because this is such a few sample size.

However, aside from the 2 reviews only, it's still a great sign that they have a more positive rating and positive reviews from the customers. 

GoldCore eKomi Rating

Fortunately, eKomi, a customer review and feedback company, has tons of accumulated reviews for GoldCore. Based on a handful 3328 reviews, GoldCore has a 4.9/5 star rating, which is an excellent rating considering the number of reviews. 

Most customers are happy with their fast and efficient services, easy transactions, good prices, and helpful customer service. This is a huge green flag for GoldCore, definitely boosting their legitimacy and reputation as an excellent precious metal company.

GoldCore Customer Complaints

Because Texas Precious Metals has very few complaints, even on eKomi where they had 3328 reviews. In my research, I only found a couple complaints and negative reviews from customers.

You can see below some information about the complaints and negative reviews:

I cannot say whether these are isolated cases or frequent instances happening with GoldCore, but the complaints are usually about shipping issues. Customers have complained that the courier just leave the package in their mail or doors, without asking for signatures, even though it is required.

Well, since GoldCore only outsources its shipping services, customers might as well bring their complaints to the courier company, since they are the ones that have the most control over it. 

Better Alternatives to GoldCore

Before you invest in precious metals, it is important to do your research and understand the risks involved. There are many reputable precious metals companies, but there are also some scams out there.

It is important to compare different companies before making a decision. Here is a comparison of GoldCore with three of its major competitors Goldco, Augusta Precious Metals, and Money Metals Exchange. 

Company Pros and Cons

Goldcore Review: Is It a Scam?

Of course not, GoldCore is not a scam. In fact, it is a trusted and respected bullion dealer, which was featured by several media outlets. It also participates in the Bloomberg and CNBC Gold Surveys and the Reuters Precious Metals Poll.

It is very transparent with its location and contact details, and also introduces the faces of the GoldCore team on its website. GoldCore has excellent reviews and ratings online from actual users. On Ekomi.co.uk, the company scored 4. out of 5 stars, generated from over 3328 testimonials. It is worth noting though, after scouring the internet, Ekomi.co.uk is pretty much the only website where you can find reviews of GoldCore. 

Other popular sites like BBB, RippOff Report, TrustLink, and TrustPilot have no feedback from GoldCore clients, which seems a bit sketchy, given that GoldCore's competitors receive numerous reviews and ratings on these platforms. You ought to be aware of this, in case it's a red flag for you.

GoldCore Review:  Final Verdict

GoldCore is 100% legit - it's well-known and trustworthy. It definitely deserves consideration next time you plan on buying bullion. But, the question of why there don't seem to be any other reviews on the web is left unanswered. If this minor concern is relevant to you, then I do not recommend GoldCore.

Overall, I rate it 3.5/5. It is up to you whether you would want to invest with Goldcore. However, if you really want the top recommended firm that has IRA services, you should check out Goldco.

Thank you so much for reading my Goldcore Review! If you have any comments or questions, feel free to leave them below in the comments section below.

Top Recommended Gold Firm In The Industry!

When we talk about precious metals, it is very important to buy from a trustworthy firm. There are several of them out there but one really stands out.

Goldco is the top recommended firm. It offers high quality precious metals at very affordable costs. Moreover, it offers outstanding IRA services! Rest assured that your retirement plans are all set with this company.

It is multi-awarded and well-recognized in the industry. Click on the bright orange button below to learn more about them: