Money Metals Exchange, which was recently ranked "Best in the USA," teamed up with the Sound Money Defense League, setting aside 100 oz. of physical gold ($GLD) currently worth $135,000, to help outstanding students pay for ever-rising education costs.
"The Federal Reserve's inflationary policies have jacked up education costs, and our company is proud to help students who understand this problem as they cope with this unfolding disaster," said Stefan Gleason, president of Money Metals Exchange. "Because of abusive and ongoing devaluation of the Federal Reserve Note, we expect the gold that we have set aside to fund the scholarship program will grow in nominal value dramatically over time."
This scholarship will be open to high school seniors, undergraduate students, and graduate students with an interest in economics, specifically the tradition of the Austrian school. However, one does not have to be an economics major to apply. The deadline for applications is November 1, 2016.
Essays will be reviewed by a blue ribbon committee of professors, economists, and executives of Money Metals Exchange and Sound Money Defense League. The panel will select two undergraduate winners and two graduate winners.
Jp Cortez, Assistant Director of Sound Money Defense League, said, "Continuing one's education gets more expensive by the day, so we hope our scholarship program will help ease the financial burden of students imposed by the Federal Reserve's deliberately inflationary policies."
About Money Metals Exchange:
Money Metals Exchange is a national precious metals company named 2015 "Dealer of the Year" in the United States by an independent global ratings group. Sound Money Defense League is an organization working to bring back gold and silver as America's constitutional money by building a grassroots bonfire of opposition to federal and state policies that undermine the dollar and steal purchasing power from the American people. For more information, please visit https://www.moneymetals.com/
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/135000-gold-backed-scholarship-fund-launched-to-help-students-cope-with-federal-reserve-induced-tuition-inflation-300316916.html
SOURCE Money Metals Exchange