Disclaimer: Some or all of the companies listed here may provide us compensation. This is a part of how we maintain our free service for consumers. Compensation, along with hundreds of hours of in-depth research determines the results of our reviews.

Have you been looking to start saving for retirement? Or maybe, you'd like to diversify your portfolio to make sure you aren't too negatively impacted by stock market volatility. Either way, you may be looking in to purchasing some gold and silver pieces.

GoldCore is one of the online companies that offers these services. If you'd like to learn more about GoldCore, the products and services they offer, their business practices, and how past customers have felt about their interactions with the company, keep reading.

  • Product: Precious metals
  • Owner: Mark O'Byrne (founder) and Stephen Flood (CEO)
  • Overall Rating: 3.1/5

Important! Before we go on with this review...

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About GoldCore

Goldcore Review

GoldCore was founded by Mark O'Byrne in Dublin, Ireland in 2003. They currently offer services to clients in more than 130 countries all around the world. With GoldCore, you can either choose to have your precious metals shipped directly to you, or you can choose to have them stored in one of their secure storage vaults.

GoldCore has been features in the media as a trusted name in the industry. Some of these appearances and references have been on CNBC, CNN, Reuters, the Associated Press, Down Jones, Bloomberg, and Wall Street Journal.

Currently, the company manages and stores over $130 million in assets from more than 14,400 clients across the globe. They offer solutions to help everyone from large investors to small investors just beginning to look at precious metals.

Regardless of the amount of money you have to invest, GoldCore places a high emphasis on working closely with each client to earn their trust and meet their personal investing needs and goals. The company also believes in educating each client to help them learn about the advantages of diversifying their portfolio.

Buying Gold

Goldcore Review

If you would like to buy gold through GoldCore, the first step is to open a gold bullion trading account. This can be done through the website and won't take long to complete. The different types of account types include personal accounts, joint accounts, corporate and trust accounts, pension accounts, and GoldSaver accounts (explained below).

Once you compete the steps to verify your account and identify, you will fund your account using a wire transfer or a credit card. Then, you will be able to choose from the gold coins and bars listed below. The precious metals you purchase can be delivered to your home or shipped to one of GoldCore's secure vault storage locations.

Here are the different coins and bars available through GoldCore:

Coins

  • Gold American Eagle Coins
  • Gold Canadian Maple Leaf Coins
  • Gold South African Krugerrand Coins
  • Gold Australian Kangaroo Coins
  • Gold Austrian Philharmonic Coins
  • Gold British Britannia Coins
  • Gold British Sovereign Coins

Bars

  • 1-ounce Gold Bullion Bars
  • 10-ounce Gold Bullion Bars
  • 1-kilogram Gold Bullion Bars
  • 400-ounce Gold Bullion Bars

Buying Silver

Goldcore Review

Once your account is set up, you can also purchase silver through GoldCore. The coins and bars available for purchase include:

Coins

  • Silver American Eagle Coins
  • Silver Canadian Maple Leaf Coins
  • Silver Australian Kangaroo Coins
  • Silver Austrian Philharmonic Coins
  • Silver British Britannia Coins

Bars

  • 100-ounce Silver Bars
  • 1,000-ounce Silver Bars

Storage

Goldcore Review

GoldCore knows investors want to protect their assets and keep their precious metals as secure as possible. The offer secure storage options to help clients do just that. These storage facilities are located in many parts of the world through their storage partners, Loomis International and Brink's Global Services.

Choose from either allocated or segregated storage based on your preferences. Regardless of the option you choose, the metals in storage always remain in your name; you are the sole owner.

Storage fees vary based on the value of your account. The fees start at 1%, but the percentage charged drops as the value increases.

GoldSaver Account

Goldcore Review

GoldCore's GoldSaver account allows investors to increase their precious metals holdings on a monthly basis. You can set up to have a specific amount of money automatically added to your GoldSaver account. The minimum monthly contribution is $100, but if you'd like to contribute more each month, you can set the amount to be as high as you'd like.

Each month, the amount you set will be investing in gold. This is a good option for individuals who want to keep growing their wealth, but may not have as much ready to contribute right now as they'd like. If you're interested in setting up a GoldSaver account, you can get it set up on GoldCore's website.

Precious Metals Guides through GoldCore

Goldcore Review

One of GoldCore's priorities we shared above is educating their investors. The guides available on the website are one way they go about reaching this goal. These guides are designed to empower investors by giving the information they need to make informed decisions related to investing in precious metals. There are 11 total guides available. These include:

  • The Essential Guide to Storing Gold in Switzerland
  • The Essential Guide to Storing Gold in Singapore
  • The Essential Guide to Storing Gold Offshore
  • The Essential Guide to Investing in Gold
  • 10 Important Points to Consider Before You Buy Gold
  • 7 Key Storage Must Haves
  • The Essential Guide to Tax-Free Gold Sovereigns
  • Protecting Your Savings in the Coming Bail-In Era
  • From Bail-Outs to Bail-Ins: Risks and Ramifications
  • Currency Wars: Bye, Bye Petrodollar – Buy, Buy Gold
  • The Essential Family Office Guide to Investing in Gold

Are There Any Red Flags for GoldCore?

Goldcore Review

Before making any large purchases, it is always advisable to read reviews from past customers. These reviews can tell you so much about how the company interacts with each customer, the quality of the products they offer, and how they respond to any potential issues.

At the time this article was written, we were not able to find many reviews for Quality Silver Bullion from the Better Business Bureau, Business Consumer Alliance, TrustLink, or Trustpilot. This leaves a lot of unanswered questions and makes it difficult to learn about the company's business practices.

  • Business Consumer Alliance: Not rated
  • TrustLink: Not rated
  • Trustpilot: 3.8/5 stars (with 2 reviews)

Is GoldCore a Scam?

Goldcore Review

GoldCore has been in business for over 15 years, so it seems pretty unlikely that they're a scam company. They appear to be a fully legitimate company with real clients. The company really was founded in Dublin, Ireland by Mark O'Byrne.

Now, while they do appear to be a legitimate company, the next question is whether you will want to give your business to GoldCore. There are a few different reasons that give us pause about using this company.

First, when you look up many other precious metals investment companies, you'll find tons of reviews on trusted review sites. As we shared above, there are hardly any reviews for GoldCore on these sites. Without being able to read through reviews of past customers, it is really challenging to find out enough about a company to decide whether they're a safe option to go with. This is especially true when you're making a large purchase.

Another reason we'd recommend choosing a different precious metals investment company is that they don't offer the same selection as you'll find with some other options. You can only invest in gold and silver, not platinum and palladium. And, even the selection of gold and silver coins is more limited than what other companies offer.

GoldCore offers secure storage options. However, if you choose to store your precious metals with them, you are charged a percentage of your holdings. Many other precious metals storage facilities charge a flat fee, rather than a percentage. If you only have a very few precious metals, paying a percentage of your portfolio may be cheaper, but individuals with a large portfolio will likely save by choosing a facility that charges a flat fee.

GoldCore doesn't seem to list on their website how much they charge for shipping and insurance. You'll have to add the coins you want to the cart and create an account before you'll be able to view information about shipping and insurance costs. It does appear that orders are insured during shipment, but no details are readily available.

Features

  • GoldCore has been around since 2003 and currently manages and stores more than $130 million in assets.
  • They have appeared on various media outlets.
  • You can invest in gold and silver coins and bars through GoldCore.
  • Secure vault storage options are available to protect your investments and ensure they're safe when you need them.
  • The GoldSaver account program allows you to invest a set amount each month towards purchasing gold.
  • GoldCore offers different precious metals guides to help individuals learn more about investing in gold and the best gold storage options.

Pros:

  • GoldCore has almost two decades of experience.
  • With their secure vault storage options, you can rest easy knowing your precious metals are secure.
  • With the GoldSaver account program, you can automatically invest money in gold each month.

Cons:

  • There are very few online reviews for this company.
  • GoldCore's selection of precious metals is much more limited than other precious metals dealers.
  • The website doesn't clearly share shipment fees.

Final Verdict

For us, there are too many red flags and question marks around GoldCore. The lack of reviews is quite trouble and makes it too much of a gamble to do business with them. Also, the smaller selection of coins and lacks of an opportunity to investing in platinum and palladium means you'll have fewer choices about what to add to your portfolio. We'd recommend investing with one of the other more respected and highly reviewed precious metals investment companies out there!

Although we do think that Goldcore could be a decent company, we believe that there are better companies out there to make your investment with.

===> Click here to see our top 5 recommended companies

Or you can get a free precious metals investment kit from our #1 recommended company right now!

Or, continue with Goldcore...