January 5, 2007.

GOLD STANDARD UNIVERSITY LIVE

At the MARTINEUM, in the city of Szombathely, Hungary

Inaugural Session starts on February 14, 2007

Gold Standard University was started on the Internet by Antal E. Fekete, Professor Emeritus, Memorial University of Newfoundland in the Summer of 2002. Now it will go ‘live’. The host institute is MARTINEUM , an institute of Higher Adult Education, see The program is in two parts: (1) intensive instruction taking up the first week; and (2) an optional recreational program and sight-seeing during the second week that is available for interested participants. The first week of scientific program consists of one of the following four courses of 13 lectures each:

Monetary Economics 101: The Real Bills Doctrine of Adam Smith

Monetary Economics 102: Gold and Interest

Monetary Economics 201: The Bill Market and the Discount Rate

Monetary Economics 202: The Bond Market and the rate of Interest

The 100 level courses are independent of each other. The 200 level courses have prerequisites as follows: 101 is prerequisite for 201 and 102 for 202. Some of the lectures of the 100 level courses are available, free of charge, on the Internet, see, e.g., ,

, .

The inaugural session is scheduled for the week of February 14, 2007, at which time the course Gold and Interest will be offered. Gold Standard University Live will continue on the premises of MARTINEUM, in Szombathely, Hungary. Further sessions will be announced later depending on interest, up to one session per month. They will have the same format: one week of intensive instruction covering one of the above four courses in thirteen lectures, followed by an optional second week of recreation.

Gold Standard University Live is seeking accreditation from the Hungarian Board for Higher Adult Education. Accreditation is expected in 2007. Those participants who have completed the four courses will get a certificate confirming this.

Martineum offers a full range of guest services, including private rooms, double rooms, dorms, and meal services. Breakfast is included in the room charge; other meals are ‘pay as you go’. Lecture rooms are on the premises. Language of instruction is English. Send your inquiry about the combined registration and tuition fee, including room, breakfast and lunch for seven days for the one-week academic program. Charge for the optional second-week of recreation and sight-seeing is additional. Participants pay their own fare to and from Szombathely.

Nearest international airport is Graz, Austria, about 75 miles from Szombathely to the South-West. Other international airports serving Szombathely are: Vienna, Austria, about 100 miles to the North-West; and Budapest, Hungary, about 175 miles to the North-East. From all three cities direct train services to Szombathely are available.

Szombathely is the capital city of Vas County in Hungary. If you would like to learn more about that part of world, please look up where you will find well-written and well-illustrated information in English on the local population, culture, history, economy, and geography.

The fee for the first week, including room, breakfast and lunch; the academic program, consultation; welcoming dinner, daily free-time recreation programs (wine-tasting, spa-visiting, museum tours, etc.) is $1,000 U.S. payable at the time of registration in cash; the following credit cards will be accepted: VISA, Mastercard,.....

Pre-registration is necessary. Pre-registration fee is $25 U.S. per person, non-refundable, but will be counted towards the fee of $1,000 for the first week. Please send your check or money order to following address:

Martineum

H-9700 Szombathely

Karmelita utca 1.

Hungary

Those who would like to stay for further recreational and sight-seeing programs will be charged at the rate of $ 30 U.S. per day for room and breakfast, plus a charge for the tours. Please indicate your interest in participating in these activities, to help planning.