Gold Standard University IV

Gold Standard University Live Szombathely Hungary

Monetary Economics 201:
The Bond Market and the Market Process Determining the Rate of Interest

July 3 – 6, 2008

Lecturer: Professor Antal E. Fekete
Guest Lecturers: Darryl Schoon, Tom Szabo and Peter Van Coppenolle

Session IV of the Gold Standard University Live will be held July 3 – 6 at the Martineum Academy in Szombathely, Hungary. This Session will follow the material covered in the previous sessions, but those who did not attend them would benefit just as well.

This course will be delivered over 13 one-hour lectures, there will be plenty of opportunity for discussion. Participants may also request private consulting, in which case an extra charge of EUR 250 per hour would apply for a minimum of a one-hour consultation.

Please note that Session IV will also feature a panel discussion on the gold and silver basis: The Power of the Basis – Forgotten Tool of Investing in Gold and Silver. Moderator: Tom Szabo of, one of the world’s foremost experts on the gold and silver basis and a member of GSUL research team. Please note that GSIL is the only forum where you can learn about the basis. Information on the basis and its uses is generally not available to the public except at exorbitant private consulting fees.

Registration Information:

The tuition fee for participation in Session IV of the Gold Standard University is EUR 1000. This does include accommodation, breakfast and lunch every day for the four days. In addition to this, a closing banquet is also included in the fee. The participation fee does not include travel costs, nor the evening meals, but dinner is available on the premises at approx. EUR 7 for those who order it in advance. Also there are restaurants outside Martineum where you can sample traditional Hungarian cuisine.

Please note that there is a EUR 150 non-refundable pre-registration fee that will be credited toward the tuition fee. Please contact to register.

Important notice. Please contact to register. Participation is limited; first come first served. Further notices and details will be posted on this website.

Methods of Payment. Payments can be made on PayPal online money transaction service which can be used even by persons not being member. Let us know your intention to pay at with the name and address you want to have an invoice on the payment and we shall send you an e-mail invoice. Then you can charge your PayPal payment to a credit card or a bank account. Instructions about the usage of this system will be given at the time of the invoicing.

Travel Information. Szombathely is in the Western part of Hungary close to the Austrian border. Most of our previous participants from overseas arrived at Vienna International Airport. From the train station at the airport you can take a train to Szombathely, Hungary (with a possible transfer at Gyor). Alternatively, you may rent a car (advance booking is recommended). The approx. distance of Szombathely from Vienna is 60 miles.

Information about the city of Szombathely. Address: 9700 Szombathely, Karmelita u.1. Telephone: +36 94 514-340
Fax: +36 94 514-341

Map of Szombathely (location of Martineum is marked: mfa)

Map Szombathely Hungary

Gold Standard University

Schedule for Session IV

Martineum Academy, Szombathely, Hungary July 3 – 6, 2008

Monetary Economics 201:
The Bond Market and the Market Process Determining the Rate of Interest

Thursday, July 3

10:00 a.m. – 11:00 a.m. Introduction
11:30 a.m. – 12:30 p.m. The Disequilibrium Theory of Price Formation 2:30 p.m. – 3:30 p.m. Darryl Schoon’s Hour
4:00 p.m. – 5:00 p.m. Productivity of Capital

Friday, July 4
10:00 a.m. – 11:00 a.m. Peter Van Coppenolle’s Hour 11:30 a.m. – 12:30 p.m. Productivity of Speculation
2:30 p.m. – 3:30 p.m. Inflationary and Deflationary Spirals 4:00 p.m. – 5:00 p.m. Linkage

Saturday, July 5

10:00 a.m. – 11:00 a.m. Destabilization of the Interest Rate Structure: Destroyer of Capital
11:30 a.m – 12:30 p.m. Origin of Interest
2:30 p.m. – 3:30 p.m. The Gold Bond

4:00 p.m. – 5:00 p.m. Lessons of Bimetallism 7:00 p.m. Banquet at the Martineum

Sunday, July 6

10:00 a.m. – 11:00 a.m. A New Interpretation of Kondratieff’s Long-Wave Cycle 11:30 a.m. – 1:30 p.m. Panel Discussion: Moderator: Tom Szabo

The Power of the Basis – Forgotten Tool of Investing In Gold and Silver

You can watch the recordings of this seminar for free on YouTube or listen to it as a podcast