Money Metals Exchange Scholarship Program

Announcing the First Gold-Backed Scholarship of the Modern Era

Money Metals Exchange Scholarship

Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” has teamed up with the Sound Money Defense League to help qualified students pay for the ever-rising costs of tuition, fees, books, and supplies.

These groups have just introduced the first gold-backed scholarship of the modern era, setting aside 100 oz of physical gold for scholarships to outstanding undergraduate and graduate students who display deep understanding of economics and monetary policy.

2024 Eligibility Requirements

Money Metals Exchange and the Sound Money Defense League will be awarding this scholarship to incoming or current undergraduate students and graduate students each year.

Judged Scholarship Award:

  • Undergraduate Student First Place: $2,500
  • Undergraduate Student Runner-Up: $2,000
  • Undergraduate Student Third Place: $1,500
  • Undergraduate Student Fourth Place: $1,000
  • Undergraduate Student Fifth Place: $500
  • Graduate Student First Place: $2,000
  • Graduate Student Runner-Up: $1,000

Application Deadline: Application, resume, and essay must be submitted by October 31, 2024.

How to Apply

To apply for this scholarship, students should fill out the application form below, provide proof of current attendance at a high school, college, or university (by submitting, for example, a transcript) and upload their current resume and their essay. Essays should be roughly 1,000 words in length and should answer ONE of the following questions:

  1. How has the Federal Reserve System helped or hurt the American economy?
  2. 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?
  3. 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 American citizens?
  4. 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 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. You DO NOT have to be an economics major to be eligible to receive this scholarship.

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 undergraduate and graduate winners. All winning essays will be published on one or both organizations' websites.

The 2024 Sound Money Scholarship judges panel will be announced soon

  • Jerry Kirkpatrick

    Jerry Kirkpatrick

    Professor Emeritus, Cal Poly Pomona

  • Sen. Eric Brakey

    Sen. Eric Brakey

    Executive Director, Free State Project

  • Ken Silva

    Ken Silva

    Reporter, Headline USA

  • Lawrence W. Reed

    Lawrence W. Reed

    President Emeritus, Foundation for Economic Education

The deadline to submit the application, resume, and essay is October 31, 2024.

For more information, please email scholarship [at]

Also, follow @MoneyMetals and @SoundMoneyDef on Twitter for any updates or announcements.

Apply Today for the Scholarship

Your Information:
School Information:

(Please use .doc or .pdf format only)

(Please use .doc or .pdf format only)

(Please use .doc or .pdf format only)

Privacy Policy and User Communications

Privacy Policy: By submitting an application, the applicant automatically grants Money Metals Exchange, Sound Money Defense League, its agents and/or representatives permission to post the applicant's name, university, photo (if submitted) and winning essay on either organizations' or in other marketing communications in the event he or she is awarded the scholarship. We are also granted permission to call and/or send you information regarding your application.

User Communications – When you send email communications to Money Metals Exchange, Sound Money Defense League, its agents and/or representatives may retain those communications in order to process or respond to your inquiries or application as related to the scholarship. Money Metals Exchange, Sound Money Defense League, its agents and representatives will not knowingly sell, share, rent or otherwise transfer your information other than in accordance with the terms set forth in this Privacy Policy. By participating in this scholarship, you give us your express consent to confirm your admission and attendance at the college or university by contacting the institution for verification.