National Precious Metals Company Announces Sound Money Scholarship Winners2 min read

December 13, 2017 (Eagle, Idaho) — A national precious metals dealer has selected four outstanding students to receive tuition assistance from America’s first gold-backed scholarship fund.

Beginning last year, Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” teamed up with the Sound Money Defense League and well known members of academia and freedom-minded non-profits to offer the first gold-backed scholarship of the modern era.

The groups set aside 100 ounces of physical gold to reward outstanding students who display a thorough understanding of monetary policy, sound money, and the damage caused by the Federal Reserve system.

After a blue-ribbon panel examined nearly 100 applications submitted this year, Money Metals Exchange & Sound Money Defense League today revealed the 2017 winners:

Undergraduate Winners:

First place ($2,000): Nikhil Sridhar, Duke University

Second place ($1,000): Joseph Shamp, University of Louisiana at Lafayette

Graduate Winners:

First place ($2,000): Louis Rouanet, George Mason University

Second place ($1,000): Rania Al-Bawwab, Texas Tech University

Additionally, the essay written by Joseph Shamp of University of Louisiana at Lafayette attracted the most online readers, and therefore Shamp also won $500 for the People’s Choice Award.

Money Metals Exchange thanked its blue-ribbon panel of judges:

Dr. Lucas Engelhardt, Kent State University

Dr. Wolf von Laer, Students For Liberty

Dr. Robert Murphy, Free Market Institute at Texas Tech

Dr. Mark Thornton, Mises Institute

Over the last two years, over 200 applicants representing more than 140 different schools, 39 states, 4 countries, and 2 continents. Students everywhere are waking up to the ongoing devaluation of the Federal Reserve Note — commonly referred to as the “dollar” – that jeopardizes their saving power, and ultimately, their future prosperity.

Jp Cortez, Assistant Director of the Sound Money Defense League, said “Our scholarship gives students the opportunity to display their understanding of sound money while lessening the burden of the significantly inflated costs associated with attending college.”

Cortez continued, “We’ve had excellent participation over the last two years and we expect that trend to continue.”

The deadline for 2018 applications is September 30th, 2018. For more information, visit or email

Money Metals Exchangeis a secure, private, beginner-friendly precious metals dealer that strives to offer customers the most gold and silver for their money. Its services also include high-quality educational content, breaking news alerts, self-directed precious metals IRA accounts, secure storage, and monthly gold and silver savings plans.


The Sound Money Defense League is a national grassroots organization opposing federal and state policies that undermine the dollar and steal purchasing power from the American people.

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