As there is not enough metal for everyday use, each nation issues currency and agrees to relate its currency to gold or to go on what is called a gold standard.

由于黄金无法满足日常使用的需要，因此每个国家都会发行货币，并将货币与黄金挂钩，或者采取所谓的金本位制。

youdao

This is a mechanism identical to today's currency boards, which is why I say that a gold standard system is like a "currency board linked to gold.

这一机制跟今天的货币发行局作用相同，这也是为什么我说金本位制度就像是一个“与黄金挂钩的货币发行局”。

youdao

Of course the price of gold never changed in the gold standard because that was the whole point of the gold standard that's if currency was convertible into gold.

当然，在金本位制度中,金子的价格从来没有变过,因为这是金本位制度,的核心所在,如果货币能够与金子转换的话。

youdao

Of course the price of gold never changed in the gold standard because that was the whole point of the gold standard that's if currency was convertible into gold.

当然，在金本位制度中,金子的价格从来没有变过,因为这是金本位制度,的核心所在,如果货币能够与金子转换的话。

耶鲁公开课 - 金融市场课程节选

The reason that countries dropped the gold standard was that under the effort to keep the currency convertible into gold they were worsening the depression of the 1930s.

这些国家放弃金本位制度,的原因在于，伴随着保持,货币与金子的转换功能,三十年代的大萧条正在被加深。

耶鲁公开课 - 金融市场课程节选

The old gold standard was supposed to maintain the convertibility of gold in currency but now we're not even backing it with currency anymore with gold anymore ? so what does it mean?

旧的金本位制度目的在于,保持金子与货币的转换功能,但是现在我们甚至都,不用货币来支持它了，或是用金子,所以这意味着什么呢？

耶鲁公开课 - 金融市场课程节选

Since all major currencies could be exchanged for gold or other currencies pegged to a currency that follows the gold standard, exchange rates would remain stable without anyone doing anything.

FORBES: Signs Of The Gold Standard Emerging In China?

This promise can be verified every minute of the day by observing the current rate of exchange between the dollar and gold, and, under a classical gold standard, by exchanging currency at a national bank for gold coins of a fixed weight and purity.

FORBES: The Dollar, Gold And The Quality Of Money

In 1931, as the Austrian bank Creditanstalt collapsed, pulling down the banks of Germany, Czechoslovakia, Hungary and Poland, a run on the German currency forced it off the Gold Standard in May, then the British Labour government struggled to maintain its currency peg - imposing austerity onto its own voters as the price.

BBC: Euro: A 'loose cannon on the deck of the world'?