A UK-based company plans to pay its employees in gold. The company's explanation for this has taken many by surprise.
Financial Institution
TallyMoney is a London-based financial institution based in the United Kingdom. Cameron Perry, CEO of the 20-person company, recently released a statement. Accordingly, Cameron has announced that he will no longer pay his employees in cash. He has also decided to get everyone's salary paid in gold. This has stunned the company's employees.
What is the reason?
Cameron says the decision was made in light of rising prices in the country. Cameron initially announced that senior executives would be paid in gold, and that those who asked for cash would be paid in cash instead of gold.
He said, "Inflation has risen in the country, pushing up the prices of essential commodities. I made this decision because the amount that affects gold is so small. "
Decline
The Government has announced that the money supply in the UK has fallen to a level not seen in the last two years. The Bank of England has warned that this could lead to a recession this year. Cameron's announcement that he will pay his staff in gold has been widely welcomed in light of rising commodity prices and rising inflation.
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