Gold Manipulation Smoking Gun

Numerous people have asked me to comment on the Zero Hedge article Exclusive Smoking Gun: The Fed On Gold Manipulation.
The "Smoking Gun" is a now declassified document about gold, sent to president Gerald Ford on June 3, 1975 by Arthur Burns, chairman of the Fed from 1970 to 1978.
The document concerns the "broad question as to whether central banks and governments should be free to buy gold, from one another or from the private market, at market related prices"
Market prices at the time were $160-$175 and the official price was $42.22 per ounce.
Arthur Burns states "It is an open secret among central bankers that, at a later date, the French and some others may well want to stabilize the market price within some range".
Arthur Burns also states "The Federal Reserve has sought to avoid taking a rigid position", while going "some distance to try and conciliate the French view". Yet... "If we do ever acceded to French views on gold, we should at least use our bargaining leverage to some major political advantage".
Finally Burns states "All in all I am convinced that by far the best position for us to take at this time is to resist arrangements that provide wide latitude for central banks to purchase gold at market-related prices."
Shocking Revelation?
Burns sought an agreement whereby central bankers and governments would not buy gold at market prices. Because gold prices never traded at $42.22 again, essentially that was an agreement to not buy gold.
After Nixon closed the gold window, why is it such a revelation that events like this happened? Did any governments cheat?
The most interesting thing in the document was Burns' willingness to bargain for "political advantage". However, the idea that governments are lying manipulators willing to sell their soul for the right political advantage can hardly be a considered a startling revelation. ( learn more at )