We know that the concept of TallyMoney is a stretch for some people.
This might seem like an odd thing for a company to say about their own product, but the reality is that a lot of people simply don’t want to think about the type of money that they use. In such frightening and uncertain times, there’s a lot we are (quite rightly) worrying about, and most of us are looking for ways to simplify our lives and reduce anxiety, not have another thing to be concerned about.
Funnily enough, this is precisely where Tally comes to the rescue, and it’s worth dedicating a smidge of your time to discover the solution… for a conundrum you might not even know you had!
In a nutshell, tally is monetised real, physical gold, locked in a real high security vault (1 tally® = 1 milligram of gold). You instantly transfer your money into your TallyMoney Account (with your own sort code and account number) and it automatically converts to tally (real gold in the form of money), that you can access anytime by transferring your tally directly to another customer, to your bank account OR spend it instantly on your TallyMoney Debit Mastercard® anywhere in the world. You can even withdraw tally as cash at ATMs.
Why would you bother to do this?
Until now, your only mainstream money option is fiat money (which is government-issued and given value by command), such as GBP. The problem with this is that this money loses money by design – the value is designed to go down – this is called inflation. This means that what you earn and save today, will not buy as much in the future when you need it and as prices go up (inflation), your money is losing value. It simply cannot buy as much as it could. And when you put it in the bank you do not earn enough interest to make up this gap.
Tally is different. Tally is accountable money, when you transfer into a tally account you own 100% of a physical asset, gold. Whilst the price of gold does fluctuate against other currencies (such as GBP), it is historically proven to hold its value over time. And its value is better protected from political and economic events since it’s a real asset that everyone recognises as having real value. With tally you’re just using it as your everyday money – you’re not locked in in any way.
Take a look at this chart above on how gold has performed against GBP over the past 20 years.
If gold retains its value over time, what implications does this hold for its relationship with the GBP? As the price of gold rises, its purchasing power compared to the Pounds Sterling strengthens.
Who knew this was happening? We did. So we did something about it and created TallyMoney. And now you can too, by using a TallyMoney banking account.
Who would use TallyMoney?
There are lots of reasons why you might choose to use Tally. Right now, the biggest benefit for most people is to protect the value of your money so that your savings maintain their value for when you need them – be it weeks, months or years from now.
There has never been so much money printing going on, and that leads to devaluation of the existing notes and coins and people’s bank balances. So any bank account holding the local fiat currency (like £, €, $) is losing value and it appears this may become even more rapid.
Another great reason to consider switching to Tally is that no matter where you are in the world, Tally will seamlessly convert your money (at the global gold industry wholesale rate, with no added FX fees or margins) directly into any local currency, anywhere that accepts Mastercard. Even at ATMs. So, why not start saving for that dream vacation in tally now and enjoy spending it hassle-free when you finally get there? It’s all conveniently managed in one account with a debit card (physical or virtual).
Some of our customers simply like that they get to choose the money they use. Until now, as a consumer there has been no mainstream choices of money, TallyMoney allows people to make their own choice of currency to best protect their interests.
Finally, TallyMoney is the quickest, cheapest way to hold real physical gold which you can spend or transfer at any time. There is no minimum quantity, no organising storage or insurance or fees to move in and out of tally. You get all the benefits of gold, without all the hassles.
It really is worth your time to download TallyMoney App and upgrade the money you use for savings and everyday banking.