The Gold Standard rounds were created by Conrad J. Braun, starting with the formation of his company in 1977. The man himself has an interesting, and arguably troubled past. The man once appeared at his court hearing dressed in a giant bumblebee costume, to protest what he felt was a "sting" against him.
His life has some interesting background and stories, and you can read more about it here.
Obverse
The obverse features an image of Edward C. Harwood, with the phrase "Sound Commercial Banking" above him. He was an economist who lived from 1900 to 1980. He believed that the US taking itself off the gold standard, combined with lax banking lending practices, the growing power of the Fed, and their reckless printing of worthless paper debt notes would "undermine the dollar." (Source)
Reverse
The reverse shows the Gold Standard logo and the phrase "For Integrity There Is No Substitute." Very true words, indeed. Integrity seems to be lacking from many aspects of our society, or at least the ones we see in the news and on social media.
Specifications
Purity: .999
Weight: 1 Troy ounce
Oh, how right Edward C. Harwood was. He was right to oppose the Keynesian theory of economics, the idea that government could use a combination of rate hikes, rate cuts, injection and retraction of "money" into and out of the economy to avoid economic turbulence. Only fools think they can avoid hard times. Everyone else knows you try to act responsibly, plan for the hard times and weather them the best that you can, and you'll be stronger for it. The weak people we have currently dictating economic policy have no stomach for hard times and are incapable of handling tough times, much less navigating them or fixing the issues they created.
I paid $32 for this round. I was surprised I was able to get it in its original packaging. The packaging likely has a hole in it somewhere, because the round has a light gold tone to it on both sides. While I doubt these will massively appreciate in value, they're a fun piece of history to own!
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I read the link. Wow, what a life!
And a nice round!
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Right? I definitely wouldn't want to have gone through all of that.
Thanks! I love these rounds with lots of history behind them. 😁
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"A lone voice crying out in the wilderness." But has anyone heeded his words of warning? Thanks for the economic history lesson, that's a good name to remember and a man who deserve to be appropriately immortalized on a silver coin or medal.
Sadly, no. Many bought into the Keynesian idea, and generations of kids were indoctrinated into thinking it was the right way to handle things. 😔
Now, however, I think people are slowly waking up.
A young gal at the Vancouver Currency and Bullion Exchanged asked me, "Why are you buying so much gold?" I was a little surprised she asked me that considering her job was to sell me some Gold. My reply, "Inflation, do you really believe we're at 3% inflation?" It must be a skill testing question or a part of their KYC every time I spend more than $2k CAD. Meanwhile, our mad Canadian Prime Minister announced more Billion$ for building 'affordable' homes with impossible targets. Therefore, more Inflation coming. Therefore, I buy more gold and silver.
I'm surprised she actually asked you that. It sounds like she needed the job but didn't put much thought into why she wanted to work there.
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Wow, that seems like a really good price for a round that represents something so big. It sounds like the fellow was well ahead of his time.
The vintage pieces like this certainly command a higher premium.
He certainly was, and sadly many didn't listen. I don't think we've strayed so far yet that we can't come back, but it feels like we're dangerously close.
Indeed!
That's pretty cool, I've never seen one of those before. Very nice addition!
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Yeah, there's a few variations in both silver and gold. They're pretty cool.
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