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<p>[QUOTE=&quot;GDJMSP, post: 46013, member: 112&quot;]The price of gold was set and established by international agreement for literally centuries. There were several times in history that Great Britain tried to buck this idea and set their own price of gold. But that always resulted in gold being shipped out of G.B. and sold in other nations at a profit. Eventually they came around and realized that if they hoped to maintain bullion stocks in Britain they had to conform to the rest of the world.</p><p><br /></p><p>But yes you are correct, it was during Nixon&#039;s presidency that gold was fianlly permitted to be treated as a free commodity and to trade in a free market system.[/QUOTE]</p><p><br /></p>

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