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Five reasons to start saving in gold – Part 1

Imagine you’re in your favourite pub…

The bartender pours your drink and you tap your card to the machine.

However, rather than paying with cash you’ve deposited in the bank…

You pay with gold securely stored in a Swiss vault on your behalf.

It sounds a bit unusual, doesn’t it?

Like something a Bond villain might do?

But thanks to TallyMoney, it’s now very much a reality.

In fact, with Tally, you can pay for anything with gold – your groceries, your clothes, even your bills.

You see, when you transfer pounds into your account, we immediately buy gold on your behalf. The gold is denominated in “tally.” And each tally represents a milligram of physical gold, which you can use as everyday money through our app and debit card.

Now, being able to brag to your friends that you just paid for the last round with precious metal is good. But the reasons for using a Tally account run much deeper.

Most notably, because your wealth is stored in gold, it’s never lent out, leveraged, or invested without your knowledge — which we believe is vital in an era where traditional banks are free to take as much risk as they want with your cash.

Indeed, taking back control of your money is reason enough to consider storing at least some of your savings in tally at any time. But there are also several developments taking place right now – some well-known, others less so – that make it a particularly good time to take the leap.

Over this two-part series, we’ll show you five of the most important.

In this first part, we’ll start by looking at two very timely reasons you should think about using a Tally account. Then, in the second part, we’ll look at three more very sensible reasons.

Reason #1:

Gold is at an all time high

Gold is at an all time high

Take a look at this chart…

Gold may have had a decent run during Covid. In fact, for a time, it hit a new high every day for an entire week, reaching up to £1,954.62.

As has long been the case, gold is being propelled forward by global uncertainty. Currently, traders are worried about ongoing international conflicts, instability in various regions, and the looming threat of rising inflation.

Gold offers a safe haven completely uncorrelated with day-to-day stock market volatility (we’ll look at this more in the second part of this series). And the good news is that this dynamic is expected to continue in a big way.

In fact, some experts believe gold prices could even reach $7,000 an ounce by 2030. That’s roughly £5,500.

Unfortunately, this doesn’t mean a lot for your savings if they are held in cash in a traditional bank. Indeed, as gold continues to shine, the most you’ll have to look forward to is a (likely marginal) increase in your current account interest rate.

This is where having a Tally account comes into its own. Because each unit of tally represents one milligram of gold, the value of your account tracks the gold price. In turn, it means if the price of gold rises by as much as expected, so too will the value of your savings.

Reason #2: Traditional banking could become much more expensive

Reason #2: could become much more expensive

If you ask us, UK banks have a lot to answer for.

Last year, they had to be dragged kicking and screaming into passing higher interest rates down to consumers.

Now we’re hearing that they plan to offset rising regulation costs by charging fees for holdings accounts.

Worryingly, the Financial Conduct Authority said it “would not stand in the way” of this move to end Britain’s free banking model. It’s shocking stuff. And you must wonder: where will it all lead? Charges for checking your balance? For changing your PIN?

It’s all possible. And the idea that UK banks can effectively tap you up for more money with no added service whenever they are required to pay more by the regulator is concerning. Frankly, it feels tasteless against a backdrop of UK banks reporting record profits as the rest of the UK struggles through a cost-of-living crisis.

Here at Tally, we strive to offer something fairer and more transparent.

With Tally, you’ll only pay a one-off account activation fee of £29 and an annual account keeping fee of 0.5% (min. £3 a month). Transfers in have a fee, but you can withdraw your money at the spot price anytime you want.

No unexpected fees… no price hikes… no nonsense.

Just fuss-free everyday spending backed by gold.

We believe banking should be more transparent. It should be fair. And we believe you should be rewarded for the money you have in your account. We believe Tally makes that possible.

And as you can see, with gold set to continue its march upward and traditional banking set to become even more expensive, now is a great time to start making the most of what we offer.

But these are just two of the many reasons why we believe Tally makes sense… in the next part, we’ll look at three more.

Eager for more? Head to Part 2 now!

Continue Reading

How to beat the hidden tax on your savings

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Are your savings working for you, or a bank?

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Saving strategies: how often should you save?

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Let’s get physical: How much gold bullion and printed fiat currency actually exists?

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Why Faster Payments aren’t always so fast

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How to get a TallyMoney account

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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.