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Could another financial crisis be just around the corner?

We all remember the global financial crisis of 2008, caused by banks issuing vast amounts of mortgages to people who couldn’t afford them. When those people began to default on their mortgages, it triggered a massive crash across the global financial system. Well, many analysts believe the next major financial crisis is just around the corner.

This time, instead of banks lending recklessly, the culprits are non-bank lenders known as private credit firms. And just like the 2008 financial crisis, the problem boils down to risky lending but instead of subprime mortgages, private credit firms lend to startups and small businesses. But whilst banks are at least transparent in their lending activities, the private credit market is, well… private.

What’s happening exactly?

Ironically, the risk of another global financial crisis can be traced back to the 2008 financial crisis itself. In the aftermath of the crisis, banks pulled back from lending and regulators tightened the rules. As a result, the private credit market emerged to fill the gap, and the era of non-bank lending boomed. Years of ultra-low interest rates made loans cheap to repay, so borrowing by startups and small businesses soared.

Then the Covid pandemic hit. Governments engaged in emergency stimulus spending to keep economies running. This caused inflation to spike, and central banks responded by raising interest rates sharply and keeping them high. 

A few years later, and here we are. A wall of maturing loans is coming due, but refinancing costs are far higher than before. Many analysts are expecting defaults to surge as borrowers struggle to refinance their debts, and because banks often fund or invest in these private credit funds, defaults could trigger a global financial crisis on par with 2008.

Why owning gold now makes sense

In moments like this, when the risk of a crash is looming, gold is often used as a safe haven to ride out the storm and preserve wealth. 

Historically, gold’s price has climbed during and after major crises. For example, the price of gold climbed significantly as the global financial crisis unfolded, from just over £400 at the start of 2008 to over £700 by the end of 2009.

If the private-credit market does trigger a new crisis, then holding gold now could be a wise move.

How TallyMoney makes gold both accessible and usable

Historically, owning gold has come with some drawbacks. Firstly, investing in gold meant either buying physical gold that you have to store and insure yourself, or buying financial instruments like gold ETFs. Both options are cumbersome and illiquid, meaning you can’t buy things with your gold as you can with cash. 

TallyMoney changes that. We believe owning real gold should be quick and straightforward. With TallyMoney:

  • You can buy real, LBMA-accredited gold in minutes
  • Your gold is fully insured, stored in Swiss vaults and 100% yours
  • And crucially, a TallyMoney account comes with a Tally Debit Mastercard® so you can spend your gold whenever you want, worldwide

In summary

The risk of another financial crisis triggered by the private credit market is sadly very plausible. Gold exists outside of that risk giving you a way to store your wealth in an asset that has been proven to hold its value during crises. With TallyMoney you can convert your pounds to gold instantly and save your gold for the long term or spend like cash whenever you want.

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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.