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Why a dip in gold isn’t a reason to worry

Cameron Parry

You may have noticed that gold has dipped in price recently. But before we all head for the lifeboats made of fiat paper, it is worth noting that gold is up over 9% over the last 3 months (and that’s after taking into account this recent dip).

And over the past 12 months, the gold in your Tally Account is up over 50%.
(Plenty of wiggle room there between that and what banks offer you in interest.)

So whilst short term dips may be annoying and feel uncomfortable, please rest assured this is a normal part of the gold price rising over time.

In fact, since the start of the century, gold has grown each year on average by over 12%p.a. 

Because what doesn’t change is the big picture. The value of gold rises over time because inflation destroys the value of the pound. And those pounds are not sitting safely at your bank, they are awash as loans in the banking system.

TallyMoney was built to give you a choice. You can choose to use money that’s protected from inflation and risky lending practices within a fragile banking system. You can build your savings in a monetary system with common sense money. Money that rewards good savings habits. Money that is accountable to something real. Of real value. And can’t just be magicked up to fund government overspending and generate fees for banks.

Remember, dips (like politicians) come and go. Inflation remains.

Let’s zoom out for a second

At the start of the year 2000, gold was trading at roughly £5,500 per kilo.

Today, it’s over £105,000 per kilo.

That’s around a 20x increase since the year 2000.

But that rise didn’t happen in a straight line.

Why does gold fluctuate in the short term?

Since the start of the century, gold has gone through plenty of short-term dips. And yet here we are at over £105,000 per kilo.

History shows that despite short term dips, the gold price goes up over the long term.

But why does the price of gold sometimes dip in the short term?

The important thing to understand is that gold doesn’t move in isolation. Its price is always measured against currencies like the pound, which are constantly moving.

And those currencies are constantly shifting based on:

  • Inflation
  • Interest rates
  • Government spending
  • Central bank policy

Short-term dips in gold are often just reflections of short-term movements in fiat currencies.

But over the long term, the trajectory for gold’s price is upwards.

The part most people miss

Gold isn’t really “going up” in the way we’re often told.

What’s actually happening is the pound, along with other fiat currencies, is losing purchasing power by design.

Here’s what you should know:

  • Inflationary targets are part of monetary policy – inflation is not a natural phenomenon, it is a devaluation tool that governments use to fund their overspending
  • The money supply has been inflated (i.e. expanded) causing each unit of currency to be worth less
  • Savings held in cash have steadily lost value in real terms

The increasing gold price simply reflects that erosion.

Gold can’t be printed. It can’t be diluted. It doesn’t depend on a central bank’s decisions.

It just holds its value, and over time, that shows up as a rising price.

When in doubt, zoom out

Short-term movements can feel uncomfortable. That’s human.

But nothing ever moves in a straight line.

If you zoom in on the gold price, or more accurately the value of the pound:

  • You’ll see dips
  • You’ll see volatility
  • You’ll see noise

If you zoom out:

  • You’ll see a consistent long-term norm

And that trend is the status quo that matters.

A final thought

Gold has been doing its job for thousands of years. It’s never been ‘too big too fail’ unlike what we saw with the banking crisis in 2008.

It can’t promise a straight line when it is measured in something that fluctuates in value. And the gold price doesn’t avoid short-term dips.

But it does offer something increasingly rare: A way to protect and preserve value over time.

So if you see a dip, don’t panic. Short term fluctuations are normal.  And give a thought to: “the amount (i.e. milligrams in a tally account) of physical gold isn’t changing, so what is changing?”

TallyMoney gives you a way to build and protect your savings over the long term because as history shows, the gold price grows over the long term.

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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.