What is GoldSaver?
GoldSaver was the first gold accumulation program in the UK, in Europe and indeed in the western world. It allows investors and savers in the UK the opportunity to build up a holding in gold bullion over a period of time by saving in physical gold bullion.
How does the GoldSaver Account work?
As a GoldSaver Account holder you will nominate a sum of money to be invested in gold on a monthly basis. The minimum fixed monthly investment is £100, debited directly from your bank account (international clients must set up a standing order) on a specific day each month. This date is the same for all GoldSaver clients and is currently the 2nd business day of any given month.
GoldCore purchases gold bullion on behalf of GoldSaver Account clients at the London Bullion Market Association (LBMA) AM US dollar gold fixing price. This is the global industry standard benchmark gold reference price, derived from the highly liquid London gold market, and guarantees price transparency since it is a traded price, based on actual physical gold trading in the London gold market.
GoldCore then credits the gold ounces purchased to each client’s GoldSaver Account which can be accessed through our secure, password-protected on-line account access. GoldSaver Account clients can view all current and historic trades along with valuations of their gold holdings.
Are my savings safe?
The gold for GoldSaver accounts is purchased from LBMA approved refineries and stored in high security vaults in the safest jurisdictions in the world.
How do I open a GoldSaver Account?
Opening an account is easy and only takes a few minutes. Please read through the FAQs and the Terms & Conditions, then click on the ‘Open Account’ link and follow the instructions provided there.
What are the anti-money laundering requirements to open an Account?
In order to become GoldSaver clients, UK clients must provide the following:
- Copy of photographic id
- Copy of recent proof of address in the form of a utility bill
How much can I save per month?
The minimum is £100 per month, with incremental options for £250, £500 and there is no maximum
Can I make additional deposits?
Yes. You can make additional deposits into your GoldSaver account at any time using your secure online account.
What is the minimum deposit term?
The minimum term for saving in a GoldSaver Account is 12 months. After 12 months, you can choose to continue to saving, stop saving but keep your account open, cash in your savings for pounds, or have your gold delivered tothe UK or an address of your choosing at an applicable cost for shipping and insurance.
What if I change my mind
There is a 15-day cooling-off period during which you can cancel your account without penalty.
Are there any charges?
Gold is purchased at a very competitive 5% premium, and a 1% per annum administration fee applies. After the 12-month minimum period has ended and you decide to liquidate your position, a 1% fee is applied. While capital gains tax may be applicable, stamp duty, or VAT levied on any gold purchased throughout the UK and the EU.
Is GoldSaver regulated?
GoldCore is regulated by the Financial Regulator in the Republic of Ireland as an Authorised Advisor, for the provision of estate planning and wealth management services. Bullion dealing, worldwide, has no regulatory body and is unregulated akin to foreign exchange and property.
How can I contact GoldCore?
Our team can be contacted at 020 3086 9200 or via e-mail at firstname.lastname@example.org.
Our office hours are 9AM – 5PM, Monday to Friday.