GoldCore Capitalising On Brexit With Dublin Gold Vault

(Reuters) – Gold broker and storage company GoldCore said on Tuesday it had opened a gold vault in Dublin, aiming to attract investors looking for an alternative to London after Brexit.

Dublin-based GoldCore, which set up the facility in collaboration with security firm Loomis International, said it was Ireland’s first institutional grade vault.

“Brexit and other financial and geopolitical risks make asset diversification and owning assets in different jurisdictions more important than ever,” GoldCore said in a statement.

London is a global precious metals trading and storage hub and GoldCore is not alone in seeking to position itself for potential new business amid the uncertainty of Britain’s planned exit from the European Union next year.

Sources on Monday told Reuters the Bank of France had partnered with U.S. banking group JPMorgan (JPM.N) to expand its range of gold bullion services for other central banks – a business dominated in Europe by London and the Bank of England.

GoldCore offers trading, delivery and storage of gold coins and bars internationally and was founded in 2003. Loomis is one of the world’s largest operators of professional bullion vaults.

News and Commentary

GoldCore seeks to capitalise on Brexit with Dublin gold vault (Reuters.com)

Dublin broker opens new vault for gold bars exiting London due to Brexit (IrishTimes.com)

Gold broker and storage company GoldCore said on Tuesday it had opened a gold vault in Dublin (CNBC.com)

GoldCore capitalising on Brexit with Ireland’s first institutional grade vault. (EuroNews.com)

PRECIOUS – Gold edges up as dollar drifts away from multi-month high (CNBC.com)

Premier Foods to stockpile raw materials in the run-up to Brexit (BBC.com)

Dow falls in wild session as Wall Street fails to recover from sharp losses (CNBC.com)

U.S. government posts $100 billion deficit in October (Reuters.com)

‘Lame-duck’ Congress returns, facing budget, Mueller, border wall issues (Reuters.com)


Source: ZeroHedge.com

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UBS: Australian Home Prices Could Collapse 30% (Bloomberg.com)

S&P 500 by two-thirds, warns fund manager (MarketWatch.com)

America’s Fake-Money Success Was an Accident – Bonner (BonnerAndPartners.com)

Ray Dalio’s Faith in Gold Is Unshaken (Bloomberg.com)

 

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Gold Prices (LBMA AM)

13 Nov: USD 1,197.55, GBP 928.70 & EUR 1,066.18 per ounce
12 Nov: USD 1,207.05, GBP 940.05 & EUR 1,072.34 per ounce
09 Nov: USD 1,219.05, GBP 936.96 & EUR 1,075.81 per ounce
08 Nov: USD 1,223.45, GBP 932.02 & EUR 1,071.01 per ounce
07 Nov: USD 1,235.05, GBP 938.64 & EUR 1,074.62 per ounce
06 Nov: USD 1,234.85, GBP 947.75 & EUR 1,083.58 per ounce

Silver Prices (LBMA)

13 Nov: USD 14.02, GBP 10.85 & EUR 12.46 per ounce
12 Nov: USD 14.16, GBP 11.00 & EUR 12.57 per ounce
09 Nov: USD 14.34, GBP 11.01 & EUR 12.63 per ounce
08 Nov: USD 14.49, GBP 11.06 & EUR 12.70 per ounce
07 Nov: USD 14.67, GBP 11.15 & EUR 12.77 per ounce
06 Nov: USD 14.70, GBP 11.25 & EUR 12.89 per ounce


Recent Market Updates

– Store Gold In The Safest Vaults In Ireland
– Investors Set To Store Gold In Dublin Due To Brexit Risks
– Investors Start Buying Gold ETFs In October In Bullish Shift
– As Brexit Looms and Stocks Plunge In October – Now May Be The Time to Invest in Gold
– AMERICAN ELECTIONS FARCE AS POLITICIANS IGNORE THE LOOMING $121.7 TRILLION DEBT CRISIS
– Gold ETFs See Strong Demand In Volatile October After Robust Global Gold Demand In Q3
– Venezuela Seeks To Repatriate $550 Million Of Gold From London
– Big Short’s Eisman Is Shorting Two U.K. Banks on Brexit
– “Red October” Highlights Importance of Rebalancing Portfolios and Gold’s “Very Positive” Outlook
– Alarm Bells Ring and Gold Rises In October As Stocks and Property Fall Globally
– Gold Analysts At LBMA See 25% Return To $1,532/oz In 12 months
– Gold Improves Investment, Pension and Central Bank Portfolio’s Risk-Adjusted Returns
– Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply

GoldCore Secure Storage Ireland – Information and Introduction Video Here

 

Mark O'Byrne

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