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First modern gold-backed scholarships can send students to college
If they can find one worth attending.
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9:55p ET Thursday, October 10, 2024
Dear Friend of GATA and Gold:
Gold advocates are eagerly anticipating the possibility that some sort of gold-backed trading currency will emerge from this month's meeting of the BRICs and BRICs-associated nations in Kazan in Russia.
But the Sound Money Defense League and Money Metals Exchange have just announced what they call the first gold-backed college scholarships of the modern era.
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The sponsors are putting aside 100 ounces of gold to underwrite seven scholarships, ranging from $500 to $2,500, starting this year. Five of the scholarships are available to high school seniors and undergraduate students and two to graduate students.
Applicants don't have to be majors or aspiring majors in economics to apply. Indeed, these days an interest in the monetary metals may disqualify students not just from economics departments in most colleges and universities but even from respectable society. But study of the past, present, and future of the monetary metals may provide more learning in economics, politics, and reality than years of slogging through the sludge of modern higher education.
Additionally, since the monetary metals seem about to get their revenge on a corrupted world financial system, studying them may position young people for careers more lucrative than anything majoring in Gender Studies or Art History will qualify them for.
Applications for the scholarships will require a thousand-word essay on one of these four topics:
-- How has the Federal Reserve System helped or hurt the American economy?
-- Discuss the concept and advantages of sound money and its historical significance. How does it contrast with today's monetary system, and how could sound money be restored?
-- What is a central bank digital currency (CBDC)? Compare and contrast a CBDC with the currency system now in place as well as a gold-backed system. How would a CBDC impact the lives of Americans?
-- If BRICS nations establish their own currency, how might that affect the United States, the Federal Reserve System, and the value of our currency? Consider the economic, geopolitical, and monetary consequences of such a development.
This year's applications must be received by October 31. For more information and to apply, visit:
https://www.moneymetals.com/scholarship
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, November 20-23, 2024
https://neworleansconference.com/powellgata/
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
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