Do you own gold in the safest way possible?

Do you own gold via an Exchange Traded Fund, a Digital Gold Provider or another form of pooled gold?

Did you know that only a tiny fraction of their gold holdings are effectively available for delivery in coin or bar format at any one time?

Probably less than 1%!

Rather than owning gold coins or bars outright, you may be part of a pool of investors who all have an interest in large 400 ounce gold bars. This means that you own a part or parts of a bar and your holding is not capable of being separated from that of other investors. As a result it is not possible in most circumstances to easily take possession of your gold. If you are a holder of an ETF (an Exchange Traded Fund), you own a share in a fund that has an interest in a pool of gold bars and you most likely don’t even have direct access to your gold!

ETF versus Digital Gold
Pooled Gold Ownership Problems

Many existing digital gold, digital bullion vault providers and indeed gold ETFs operate on a pooled gold basis and mix or co-mingle bullion of different clients in individual accounts. While they claim their bullion is allocated, frequently that is only half true and what they are offering is pool allocated and, in some cases, unallocated gold. This means that you and all other investors involved have a claim on a stock of gold bullion which may be in many different forms. Again in this situation you most often do not have a claim on specific coins or bars of gold.

This creates an unappreciated degree of risk…

  • In the event of a financial issue with the digital gold or ETF provider, you may become an unsecured creditor of that company and you may not be able to access your gold.

    If your gold is co-mingled with other investors' gold or if it appears on the balance sheet of your provider, you may experience great difficulty in accessing your gold in the event of financial difficulty of the firm managing your gold. You may become an unsecured creditor and rank behind others in the pecking order of who gets paid first!
  • In the event of a technological failure with the digital gold or ETF provider, they may become un-contactable and you may not be able to access your gold.

    Especially if you cannot access your gold without having to be able to log onto their website or make contact with their staff by phone or email. If for any reason, the digital gold or ETF providers or indeed their brokers are not contactable, their websites are down and or they unable to operate for whatever reason, you may not be able to access your gold.
  • Because you are part of a "closed loop" pooled gold system you can only sell your gold back to the one supplier that you bought it from.

    There is only one buyer for your pooled gold, the company that sold it to you. This lack of flexibility and utility means that most gold investors are price takers from "closed loop" trading platform and certain bullion providers and all the risks that this entails..
  • Because your gold cannot be individually identified and separated from other clients' holdings, you cannot take delivery without incurring significant costs.

    The only way to access your gold or have it delivered to you or a third party may be to “reserve” your bullion bar or have your unallocated holding fabricated in to individual gold bars. The bullion vault provider or dealer can charge you any fee they wish for this and there have been instances of people waiting months to be able to take delivery or move their bullion to a third party.

Your gold may become inaccessible at the time that you need it most

We have always stated that when owning gold to hedge systemic risk, one must not simply seek to invest in, or rather own physical gold, but rather be sure to own the right gold, in the right form, in the right place, and in the right way in order to ensure that one is protected against these worst-case scenarios.

Gold is financial insurance and a hedge against risk. It is a proven safe-haven asset but only if owned in the safest of ways.

Introducing Direct Access Gold

Direct Access Gold
  • Direct Access Gold is a new ultra-secure gold bullion storage programme offered by GoldCore which ensures clients have direct access, liquidity and outright ownership of their vaulted gold and silver coins and bars through the Direct Access Gold Contingency Agreement.
  • Direct Access Gold gives storage clients the authority, in the event of certain risks materialising, to direct their gold and silver within our vault provider. This includes collecting and taking possession directly from the vaults or having their bullion delivered internationally, to themselves or another vault provider.
  • Direct Access Gold has been created after consultation with and requests from market participants and is a further enhancement of the popular GoldCore Secure Storage programme. It addresses market concerns and protects against the major faults in the service offerings of digital gold, ETFs and storage providers.
  • Direct Access Gold protects our clients in the event that GoldCore or our partners are not contactable, making a market in bullion products or unable for whatever reason to allow clients to collect or take delivery of their gold.
  • Direct Access Gold is designed for risk-savvy retail investors, high net worth investors, family offices, companies, trusts and pension funds who wish to invest in and own gold and silver in a low risk, ultra-secure manner.
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"What I like about Direct Access Gold is that it entitles precious metals investors to buy, sell, move or gain access to their gold during a worst case scenario. This is extremely important!"

David Morgan
Leading precious metals expert (aka the Silver Guru)

Since being founded in 2003, GoldCore has transacted over $1 billion dollars worth of precious metals on behalf of our clients. 

We have been trusted by over 16,000 private, pension and corporate clients.

And we have facilitated the purchase, sale and storage of gold, silver, platinum and palladium on behalf of residents in 140 different countries.

We have won awards for our precious metals research and are regular contributors on CNBC, CNN and Bloomberg TV.

We remain at the forefront of development and technology in the precious metals industry and pride ourselves on our mission to continue to ensure that our clients own and hold gold in the safest way possible, in the safest jurisdictions in the world because we believe that to own gold as financial insurance, that financial insurance needs to be available, accessible and actionable.

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"I’ve used GoldCore’s services many times to buy gold and silver and to store gold and silver. I’ve found their prices competitive and their service excellent."

Dominic Frisby
Author, columnist and precious metals expert

Direct Access Gold only works because of the segregated and allocated nature of our client bullion holdings.

All of GoldCore’s clients stored bullion coin and bars assets are owned in an allocated and segregated manner. This means that each client has individual ownership of his or her bullion holding and each retains outright ownership of their coins and bars. Each client's holding is kept separate from all other clients, with their dedicated account number and their own dedicated space in a high security, specialist bullion vault. Clients can visit the vault in person and audit and verify their specific holding and records of coins and individually numbered bars.

Segregated and allocated gold storage
Insect your gold in person or online

Every Direct Access Gold client is protected by the Direct Access Gold Contingency Agreement. An agreement that empowers them, in the event of certain circumstances, to make direct contact with our vault provider and initiate access to and control of their bullion. They can remotely direct their bullion to be delivered to them in person or have it shipped to another secure vault of their choosing. They may also want to transfer it to another bullion dealer for sale or in certain circumstances they may want to present in person at the vault and collect their gold.

Should GoldCore, or our domain, suffer any consequential loss as a result of banking, political, technological, natural disaster or other systemic risk type events, the Direct Access Gold Contingency is activated. This offers a layer of protection to precious metals investors that is not available from any other precious metals investment vehicle. And it massively reduces the risk to you, the investor, as it reduces the effects of corporate, systemic and geopolitical and national risk to which you are currently exposed.

Direct Access Gold Contingency Agreement

Following the specified validation process the client can communicate directly with the vault and their instructions are actioned.

"Not only do they let your gold be allocated and segregated within their secure vaults, but they also let you have access at any time."

Jill Kirby
Personal finance expert

Available - Accessible - Actionable

  • In the event of certain systemic shock, you are able to access your gold.

    Direct Access Gold is a contingency plan that hands over authority automatically to our client should certain unexpected regulatory, financial, digital and systemic risks materialise.
  • In the event of a financial issue with GoldCore you are able to access your gold.

    Direct Access Gold is a contingency plan that protects our clients should any one of multiple risks which confront all industries and nations today come to pass.
  • In the event of a technological failure within GoldCore you are able to access your gold.

    Direct Access Gold is a contingency plan that ensures, should we be unable to provide pricing, liquidity, collection or indeed delivery due to the many risks of today, the tripartite legal agreement between the client, GoldCore and the storage provider is activated and clients can access their gold.
  • Because you are not part of a "closed loop" pooled gold system you can access your gold and sell it to any supplier that you wish.

    Direct Access Gold is a contingency plan that empowers our clients to access their gold, to collect, take delivery, move and/or sell it to third parties as they wish, giving them greater options when selling.
  • Because your gold is individually identified and separated from other clients holding you can take delivery without incurring costs*.

    With GoldCore you can instruct to have your gold and silver coins and bars made available for collection whenever you wish. This is because our clients’ coins and bars, including large bars (400 ounce gold and 1000 ounce silver) are always stored separately in an allocated and segregated manner. All you have to pay for is the normal delivery costs as the gold is already fabricated in to coins or bars.
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Key Elements Of Direct Access Gold

  • We store all your gold and silver bullion coins and bars in an allocated and fully segregated basis.
  • Client's bullion coins and bars remain the possession of the client at all times. Clients’ coins and bars never reside on our balance sheet and is always client property as managed by us using a bailment.
  • Clients can move their gold and silver bullion wherever and whenever they wish.
  • Clients can sell their gold and silver bullion to us or any other bullion dealer, whenever they wish.
  • Unlike gold exchange-traded funds (ETFs) GoldCore do not store client bullion with financial institutions or banks but instead solely with independent specialised bullion storage vaults.
  • Clients can access the vaulting company’s website and inspect their bullion holdings via their systems in order to confirm GoldCore trade confirmations and statements, 24 hours a day and 7 days a week.
  • GoldCore reconciles the vault provider’s statements of holding with our statements of holding once a week. We make sure that all our client’s assets are in place and fully accounted for in an allocated and segregated manner.
  • GoldCore arranges for an independent third party audit firm to go into our vaults once each year and count all gold and silver bars and coins. They produce a transparent signed statement if there are any differences in the audit and any anomalies are highlighted and addressed. GoldCore send this audit report to all of our storage customers once per year.

We are so confident that you will benefit from our services that we will help to co-ordinate the conversion and transfer of your ETF or Digital Gold Holdings into our Direct Access Gold Program without cost to you.

So if you have invested in gold as a hedge against the uncertain, isn’t it time that you ensured that you are owning and holding it in the safest way possible?

GoldCore’s mission is simple, to ensure that their clients own and hold gold in the safest way possible, in the safest jurisdictions in the world because we believe that to own gold as financial insurance, that financial insurance needs to be available, accessible and actionable.

So stop inviting more risk into your investment portfolio and instead own gold in the most safe and secure way.

If you want to avoid these very real risks of being unable to take delivery of your gold when you want, contact our team today to talk about direct access gold.

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