It’s time we faced an uncomfortable truth: the Pound Sterling is losing value every year.
Persistent inflation and an ever-expanding money supply means that even when your bank balance stays the same, its purchasing power is silently shrinking in the background.
You might feel like you’re doing the right thing by saving your pounds, but the reality is the system is penalising you for it.
With TallyMoney, every pound you save is exchanged into real, LBMA-certified gold – a proven store of value for thousands of years. Your savings move with the gold price, giving you protection from inflation and currency debasement.
Unlike traditional savings accounts, your money isn’t standing still. And unlike speculative investments, gold has a long track record of holding value over time.
Why Save in Gold?
For thousands of years, gold has been used as a store of value. It is the world’s ultimate hedge against inflation and periods of turbulence – sound familiar? And its track record is undeniable, especially in recent years. Let’s take a look:
- Over 11% average annual growth since the year 2000
- Over 100% growth over the last 3 years
- Over 50% growth in 2025 alone
Even the best savings and ISA accounts only offer up to around 4.5% interest, often imposing limits or locking your money away.
Gold is an inflation resilient commodity that has been proven to hold its value while fiat currencies shrink.
The stock market is uncertain, cryptocurrencies are volatile, and the pound is rapidly losing value. Gold stands apart for its ability to preserve wealth over the long term.
Gold’s Digital Upgrade
Until now, owning physical gold has come with a few drawbacks. You can’t really buy anything with physical gold, whilst storing it securely and arranging insurance is a hassle.
TallyMoney changes that by giving you the inflation resistance of gold with all of the conveniences of modern banking. With a TallyMoney account, you get:
- An individual UK account number and sort code
- A TallyMoney debit Mastercard® for everyday spending
- Instant access to your savings whenever you need them
You can save in gold, spend in gold, and access your funds whenever you want, all from the comfort of your smartphone.
Saving in Pounds Isn’t Working
If inflation wasn’t bad enough, the British public also have to deal with policies that increasingly penalise saving in pounds even further.
Here are some recent examples of policy changes affecting your ability to save in pounds:
- The annual cash ISA allowance for under-65s has been cut from £20,000 to £12,000
- A 2% tax rise on savings interest means cash savings now earn even less in real terms
The result? People who are trying to do the “right thing” by saving in pounds are being punished for it. We recently covered this in more detail here.
In light of these penalties and the persistent inflation that is eating away at the purchasing power of your pounds, it makes sense to store your savings elsewhere and, for more and more people, gold is the solution.
A Standing Order Will Grow Your Savings in Gold
The most efficient way to build savings in gold is by setting up a standing order.
Instead of manually buying lump sums or trying to ‘time the market’, a standing order lets you save regularly and automatically in gold. Until now, this approach has effectively been impossible, however TallyMoney is a modern account with instant conversion from pounds to gold, and setting up a standing order to your TallyMoney account can be done through most banking apps within a matter of seconds.
And there are some solid benefits to setting up a standing order instead of manually adding to your gold savings:
1. Smooth the Ups and Downs
(Also known as Dollar Cost Averaging)
By saving regularly, you automatically benefit from market movements. When gold dips in price, you buy more. When it rises, your savings grow stronger.
Over time, this smooths out the highs and lows, giving you a balanced average purchase price and reducing the risk of bad timing.
2. Simple and Stress-Free
Set and forget.
A standing order builds your savings automatically, without the need to constantly decide when or how much to save. It removes the temptation to delay or skip, so your gold savings grow steadily in the background while you get on with life. Many customers choose to set this for soon after they get paid, so they pay themselves first!
3. Smart Value for Every Type of Saver
Higher-value savers
A standing order spreads deposits across months and years creating a varied cost base. This helps keep more gains within the annual Capital Gains Tax (CGT) allowance, potentially reducing CGT when you sell.
Everyday savers
With a standing order, saving small amounts in gold regularly helps you build long-term financial security.
The Bottom Line
Inflation hasn’t gone away, and it continues to quietly erode the purchasing power of the pounds sitting in your bank account.
Gold’s performance since the start of the century shows that it has consistently outperformed fiat currencies like the pound, particularly during periods of uncertainty like the one we’re in now. As the purchasing power of the pound diminishes, the price of gold goes up. This is why more and more people are moving their savings into gold to ‘ride out the storm’.
And as we’ve covered before, there are several structural reasons to believe gold’s growth could continue for many years to come.
By setting up a standing order to build your savings in gold, you’re not trying to time the market. You’re steadily positioning yourself to benefit from gold’s long-term growth potential, while protecting your savings along the way.
The price of gold can move up and down, and has been proven to rise over time. Past performance is not a guarantee of future results.
