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Is now a good time to buy gold in the UK?

Gold has recently rallied to all-time highs at more than £92,000 per kilogram, capping a year-to-date surge of over 37%. Many people are now asking the question: is now a good time to buy gold UK savers are asking, or has the opportunity already passed?

The short answer is that it depends on what you’re looking for. Gold is not a ‘get rich quick scheme’ and has never been about chasing quick wins. People buy gold to protect their wealth over the long term, and this is especially important during times of volatility. 

On a global scale, we are seeing currencies lose value, government debt mount up, and geo-political tensions run high. The evidence suggests we are entering a period of significant volatility now.

Why is gold rising in 2025?

If you’re wondering is now a good time to buy gold UK investors should look at the drivers behind today’s record prices. There are several factors that have driven gold to record levels, and many of them directly impact UK households and their savings:

Persistent inflation
Despite talk of central banks bringing price growth down, UK inflation remains well above the Bank of England’s 2% target. This means any money you may have sitting in a bank account, is steadily losing its purchasing power.

Upcoming rate cuts
Investors expect the US Federal Reserve to lower interest rates this year. When rates drop in the U.S, the effects ripple through global markets, and the demand for gold increases. Whilst gold doesn’t generate interest like bonds or savings accounts, it retains its value when traditional returns diminish.

Political and policy uncertainty
The news surrounding tariff trade wars, fiscal U-turns and geo-political tensions have spooked many investors. In times of uncertainty, gold has always been a safe haven to store wealth.

Rising government debt
In the UK, government debt is rising. This translates to pressure on public finances and increased demand for gold as a hedge.

Central bank demand
Central banks globally have been buying significant amounts of gold in 2025. In addition, gold ETFs (Exchange-Traded Funds) are seeing steady inflows. This institutional demand is adding fuel to the rally.

Relative weakness of the pound sterling
As the pound sterling weakens against the dollar and euro, Brits have to pay more for gold in pounds while global demand keeps rising.

These factors are not simply short-term catalysts for a price spike, but long-term structural drivers of gold’s price. The underlying fiscal and geo-political causes of these drivers are not likely to change anytime soon, and this suggests that gold’s current strength could continue well into the foreseeable future.

Gold vs. cash: the inflation test

When asking yourself is now a good time to buy gold UK savers need to weigh inflation versus returns on cash. While the price of gold has risen by more than 37% this year, many people in the UK are still sitting on cash ISAs paying between 0.5% and 1% interest. The reality is that this interest rate is not enough to keep up with inflation and the spending power of that money is being eroded.

By contrast, gold has consistently shown its ability to retain purchasing power through crises. From the 2008 financial crash to the Covid pandemic in 2020, to the current day.

For UK savers, the choice is clear. Keep your savings in a cash ISA and watch inflation steadily erode its purchasing power, or move your wealth into an asset that has a proven record of beating inflation and holding its value. 

A long-term hedge, not a quick punt

Some people may hesitate to buy gold at the current levels, worrying about “timing the top”. But history shows that having a longer time frame in mind is prudent: 

  • In 2007, gold traded under £15,000/kg
  • By 2009, during the financial crisis, it was above £22,000/kg
  • In 2020, it surged past £50,000/kg as the pandemic rattled markets
  • Now in 2025, it’s more than £92,000/kg

Short-term fluctuations are inevitable, but the long-term trend is clear. As currencies weaken and government debt spirals out of control, gold performs well.

Have your gold and spend it

Until now, owning gold has come with some downsides. It has always been illiquid, meaning you can’t really buy things with it as you can with cash. This has meant it has historically been more of a static store of value.

TallyMoney changes that. With a TallyMoney account, you can spend your gold as money anywhere in the world with a TallyMoney Debit Mastercard®, instantly converted at the global gold price. Whether saving, transferring or spending, your gold is liquid, secure, and simple to use.

In short, TallyMoney makes owning gold practical, turning the world’s oldest store of value into the easiest way to preserve your wealth without losing the spendability of cash.

The bottom line

So, is now the right time to buy gold?

No one can predict tomorrow’s gold price but if you’re looking to preserve your wealth and defend your savings against inflation, political shifts and geo-political uncertainty, gold has always been the ultimate hedge. The point is to have a safe foundation in place.

Cash ISAs are falling behind inflation, whilst gold is up 37% this year. And now, with TallyMoney, gold isn’t an illiquid asset anymore, it’s gold you can buy in minutes and use like money, anywhere in the world.

Start protecting your savings today.

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Real World Examples

  1. Fancy a coffee? Use your TallyMoney Mastercard. Boom – paid. (Yes, you’re buying a flat white with gold. How amazing is that?)

  2. Need cash? Use any Mastercard ATM worldwide or spend across the globe. ZERO fees from us, ZERO markup. (When you spend or withdraw, your gold converts instantly at the global spot price. No catches, no hidden charges – just straight-up Mastercard exchange rates. Because your money shouldn’t cost you… more money.)

  3. Want some money back in your bank? Just tap ‘transfer’ in the app. (Though after a while, you might wonder why you’d want to…)

    Zero faff. Zero waiting. Zero fees when you spend tally.

Meet Cameron Parry

Meet the guy who wouldn’t accept being trapped in a ‘heads they win, tales we lose’ government-run monetary system that protects and benefits the financial institutions, to the detriment of the public. Where people’s deposits are constantly at risk, and losing value through inflation caused by central bankers and politicians.

If necessity is the mother of invention, then frustration may be the roommate’s cousin of motivation. In any case, he decided to stop getting mad and start a new monetary system with sound money. Where deposits serve the depositor, where savings build wealth for savers, and transactions are made in a familiar way. And he called it TallyMoney.

TallyMoney: Gold upgraded

With TallyMoney:

  • Your pounds instantly become physical gold (1 tally = 1mg of real gold)
    Stored in Swiss vaults (not under your bed)
  • Fully insured and allocated (actually yours, not a paper promise)
  • Spend it anywhere with your TallyMoney debit Mastercard
  • Transfer back to pounds instantly if needed (but why would you?)

We’re not anti-bank because it’s trendy. We’re anti-bank because the current system is rigged against you. Every day you leave money in a “savings” account, you’re funding their profits while your wealth evaporates.

Enter gold: the original currency

Why gold? It’s value is universally acknowledged.

  • It’s not controlled by any single government
  • It can’t be printed or manufactured
  • It’s actually scarce 
  • It requires effort to extract it 
  • It doesn’t rust, decay, or disappear
  • It has remarkable properties

So while the pound’s lost 50% of its value since 2004, gold’s grown by 146% in the last decade alone. While your bank savings got mugged by inflation, gold owners were laughing all the way to… well, not the bank.

But here’s the rub: Traditional gold ownership is a right pain. Buy physical bars? Prepare for storage fees that’ll make your eyes water, insurance premiums that never end, and a 5-10% haircut when you need to sell. Plus, try buying your weekly shop with a gold ingot.
Paper gold ETFs? They’re classed as Tier 3 assets for a reason – that’s financial speak for “risky as hell.” You don’t own gold, you own a promise. A tradeable IOU. And when everyone wants their gold at once? Good luck with that. So you’re stuffed either way: real gold that’s impossible to use, or fake gold that might not be there when you need it.
Until now.

The truth about inflation

How? Well, when politicians overspend (and they invariably do), they need more money to ‘stimulate the economy’. But raising taxes makes voters angry. So what do they do? They fire up the money printer, and boy do they love to print. To give you a sense of the scale, since 2015 the Bank of England has created £520bn out of thin air through “quantitative easing” (electronic money printing) plus £86bn in physical currency. 

Thing is, more pounds in circulation = each pound is worth less. Think about it: In 2004, £100 could buy you a decent night out, theatre tickets, and a cab home. Today? That same £100 barely covers the theatre tickets. Your money didn’t disappear – it was diluted, like someone’s been topping up your whisky with water when you weren’t looking.

The “2% inflation target” they bang on about? That’s them telling you they plan to steal 2% of your wealth every single year. And calling it healthy.

How TallyMoney actually works?

  1. First things first: we’ve got actual gold bullion* (none of that paper-promise nonsense) locked up tight in a Brinks vault in Switzerland. Yeah, those Brinks – the security legends who’ve been protecting valuables since Queen Victoria was on the throne.

  2. You send your pounds to your TallyMoney account (bye-bye, inflation-addicted fiat!).

  3. We use the global gold spot price to instantly turn your currency into its weight in gold. No hidden or fuzzy exchange rates, just the real market gold price + 1.49% gold purchase fee.

  4. Each milligram of your physical gold = 1 tally (we keep it decimal because no one wants to faff about with troy ounces – the specific unit for measuring gold).

  5. That’s it! Your app shows your balance in tally, but remember – those aren’t just numbers on a screen. That’s your solid gold, in milligrams, sitting pretty in Switzerland.
  6. You can now save and spend your gold as you see fit.

*All Tally gold is sourced from LBMA-accredited providers because we’re rebels with a cause… and standards. Instead of tracking the gold price per kg, your money is directly converted based on the real-time global gold spot price.

TallyMoney is 
real money

  1. Store of value
    Your gold sits in a Swiss vault (not getting ‘quantitatively eased’ away)
    Evidenced by 5,000 years of holding its value
    Can’t be inflated by government whim and fingers on the ‘currency print’ button
  2. Medium of exchange
    Spendable at 150+ million shops worldwide (thanks, Mastercard)
    Currency converts instantly at market rates (no sneaky margins)
    Moves as quickly as sending a text 
  3. Unit of account
    1 tally = 1mg of gold. Simple
    Stable enough to actually plan your future with
    Speaks every currency’s language (gold’s kind of a big deal everywhere)

This is why TallyMoney is so much more than just owning Gold – it’s a real financial revolution. We’re not just helping you own gold; we’re bringing back what money was always meant to be. Sound Money for a Brighter Future. Because your hard work and wealth deserve better than being slowly robbed by external forces.

We want you to have real money

  1. A store of value:
    Keeps its value over time
    Insulated from devaluation/inflation
    Actually rare and can’t be created out of thin air
  2. Medium of exchange:
    Easy to use for everyday transactions
    Widely accepted
    Can be transferred efficiently
  3. Unit of account:
    Works like a proper value-measuring stick (imagine if your ruler shrunk every year – mad, right?)
    Splits nicely into useful bits
    Reliable enough to plan your future with

Why does this matter? Because your hard work deserves better than being turned into monopoly money by someone else’s actions. Every time your currency loses value (inflation) its stealing from your past work, which harms your present savings, and your future dreams.