A nanocomposite catalyst composed of ferromagnetic magnetite cores (15.5 +/- 2.0 nm) and silica shells with a thickness of 4.5 +/- 1.0 nm (Fe(3)O(4)@SiO(2)) was prepared by a two-step microemulsion-based synthesis. X-ray photoelectron spectroscopy and Raman spectroscopy after oxidation support the presence of a stable Fe(3)O(4) core and a surface phase of gamma-Fe(2)O(3). The nanocomposite structure exhibited 100% conversion of CO in oxygen at a residence time of 0.1 s at 310 degrees C. When pre-oxidized, the Fe(3)O(4)@SiO(2) catalyst is shown to be a suitable solid oxygen carrier for chemical looping combustion of methane at 700 degrees C. The nanocomposites retain their magnetism following the reaction which provides the potential for use of magnetic separation and capture in moving bed reactor applications. The core magnetite within the silica shell is resistant to sintering and a bulk phase transition to temperatures as high as 700 degrees C. These catalysts can be of use in applications of high temperature applications where catalyst recovery by magnetic separation may be required.