Statement Re Irish Gold & Silver Bullion Ltd.

Many of you may have read the news that a bullion company that operated in the Irish market called Irish Gold & Silver Bullion Ltd. which traded under the name; Irish Gold Bullion, has been found to have been running a ponzi scheme, scamming investors out of over €1 million.

Thankfully, GoldCore has never had any connections or business dealings with that company.

Irish Gold Bullion allegedly, through a number of schemes, made unrealistic guarantees to clients who believed they were buying bullion coins and bars that were to be stored in the vaults of London department store, Harrods.

Sadly, it was all a lie. Money was being taken in in order to fund other investments or to pay back investors who were starting to ask questions. The motives for the sole director and shareholder to behave like this are unclear.

Understandably some people will have questions about what this means in regard to gold investments with other bullion dealers.

One thing we can’t allow to happen is for an unscrupulous operator engaged in criminal behaviour such as this to impact the reputation and integrity of legitimate bullion dealers.

What is clear though is that investors need to be aware of the steps they can take in order to feel confident that they are buying gold and silver with a trustworthy company who, in turn, has carried out its own due diligence on the likes of refineries, product partners and storage companies.

GoldCore has been operating since 2003. In that time we have welcomed over 15,000 clients who have bought and sold over €1bn worth of bullion. Some started with €100, others started with €100,000. For every single one of them we have delivered a service that is not only secure but straightforward in its approach and made ourselves available to answer any questions they may have.

Prospective bullion investors should always look to a company that has some longevity in the market. It is rare to find a company that has survived as long as GoldCore has without the trust of its clients. So much of that trust comes from those very clients kicking our tires. They have deposited money with us, they have bought bullion with us and they have sold bullion and they have seen and heard enough of us to feel comfortable that their best interests are at the core of our business. This is evident from the consistently high ratings that we receive from our clients, showing that we deliver on our promises.

Much of what we do at GoldCore is to talk about the importance of holding physical metals. You want to own something that can be held, looked at, assayed, weighed and audited. The same should be said for your bullion dealer. I would recommend that if you are looking for assurance then you arrange to come and meet us. See that we are real people, with decades of experience, in a real office, with a real passion for wanting to help people protect their wealth by investing in gold and silver.

Gold has a history as a tool for reducing risk for investors. When investing in gold, risk reduction starts with choosing the right bullion dealer.

Stephen Flood
GoldCore CEO


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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

26-07-2022 1719.85 1720.05 1431.60 1431.08 1688.72 1695.45
25-07-2022 1731.95 1718.90 1437.69 1424.11 1690.90 1677.30
22-07-2022 1725.00 1736.95 1443.31 1442.19 1699.30 1696.31
21-07-2022 1686.55 1705.10 1413.50 1428.36 1657.37 1669.80
20-07-2022 1712.65 1709.30 1423.90 1426.41 1671.89 1672.89
19-07-2022 1712.95 1713.05 1426.37 1425.77 1674.58 1673.14
18-07-2022 1723.65 1719.05 1442.01 1432.48 1699.00 1692.40
15-07-2022 1702.55 1706.15 1439.85 1438.63 1696.08 1693.87
14-07-2022 1716.15 1700.70 1447.06 1441.51 1710.66 1705.46
13-07-2022 1728.90 1724.60 1454.70 1452.63 1723.02 1718.56

Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.

Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here

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Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

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