THOMAS W. WOLFE
US Treasury Official,
Precious Metals Expert
Thomas W. Wolfe, the Director of Gold and Silver Operations for the US Treasury from 1967-1974, who developed and executed the elimination of the gold standard system of U.S. monetary policy for international exchange of gold deposits, died on November 5, after a brief illness. He was 93.
Mr. Wolfe, an Economist and expert on the precious metals and mining markets, left the government in 1974, and served for many years as private consultant to global financial institutions with significant precious metals interests.
Thomas Walker Wolfe was born May 5, 1919, in Boston, Mass. He grew up in Boston and was an avid athlete playing both football and baseball. Immediately after Pearl Harbor, Mr. Wolfe enlisted in the Army
Air Corps and participated in the African, Sicily and Italian campaigns. Upon his return in 1945, Mr. Wolfe enrolled at Columbia University under the GI Bill, graduating with a Bachelors and Master's degree in Economics in 1949.
Prior to his illness, Mr. Wolfe was resident of Kensington, Maryland, and long-time member of Holy Redeemer Parish in Kensington. Mr. Wolfe was a member of the Civil War Preservation Trust, and avid historian of the Civil War. Mr. Wolfe's sister, Nina died in 1986. His first wife, Patricia Howley died in 1988. His second wife, Maureen Moffat died in 2012. Mr. Wolfe's daughter, Eileen Wolfe, died in 2000. Survivors include his son, Brendan Wolfe, and his wife Dee of Mechanicsville, MD, and his niece Janice Murray and her husband Patrick Murray of Fairfax, VA. He also leaves a large extended family in the Boston area and Long Island, New York.
A Funeral Mass will be held at St. Leo the Great Church, 3700 Old Lee Highway, Fairfax VA, at 11 a.m. on Wednesday November 14, 2012. Burial will immediately follow at Gate of Heaven Cemetery in Silver Spring, MD.