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How did they determine the price of a commodities like gold, silver and crude oil?

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How did they determine the price of a commodities like gold, silver and crude oil? Empty How did they determine the price of a commodities like gold, silver and crude oil?

Post  jamesscot84 Mon Aug 20, 2012 4:22 am

i have been wondering how did they know the price of gold is at certain amount and sometimes it goes up or down. then this price is being used throughout the whole world.. its amazing how this world commodities are being determined by a few people....who determine the price? how they did it?

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