JW wrote:
Currency traded for Gold is setting the price of gold in a backhanded fashion.
Gov't. doesn't set the price of gold now but if gold goes back to backing national currencies, the amount of gold available will determine it's value. A nation will only be able to print money equal to its gold stores. that will force the value into the ionosphere. Gold in national vaults ceases to be a commodity.
Now Go Back To Sleep....