Both Glint and Tally offer a different type of account, in which your money is backed by physical gold. You deposit £££ and this is converted to milligrams of gold, physically stored against your account in insured vaults. In these times of great uncertainty in the banking world, this type of account could be something worth considering.
These accounts can be used in a similar way to a traditional bank account, with an account number and sort code for deposits and withdrawals as well as a debit card. These banks are regulated in the UK, although they do not have the Financial Services Authority Compensation Scheme protection of £85,000 they do provide a degree of security because of the physical ownership of gold in your name.
It’s worth noting that the value in £GBP of the gold once purchased and sitting in your account can also go up or down.
Click Here to see an interview with Cameron Parry, The founder of Tally Money
- Tally is a new currency that uses physical gold as digital cash
- 1 tally = 1 milligram of gold you own
- In an Everyday Account with Tally Debit Mastercard®
- Global wholesale price of gold, no added FX or transaction fees
- Not a crypto, not a fiat currency, just safe, secure money
- Independent mainstream money you already know how to use
Click Here to go to the Tally Money Website
Tally Money Review https://moneytransfers.com/challenger-banks/tally-money
Click Here to go to the GLINT website https://glintpay.com/
GLINT Review https://moneytransfers.com/challenger-banks/glint