If you put your gold in the care of a goldsmith - initially you don't think you think the money is there.

如果你把你的金子放到一个金匠手中保管,起初你不会认为,你会认为钱就在那里。

耶鲁公开课 - 金融市场课程节选

Bank failures occur when there's not enough gold in the vault and then people start asking for the gold and the goldsmith banker doesn't have it to give out.

当金库没有足够的黄金时,银行就会倒闭,因为当人们开始索要黄金时,金匠银行家却拿不出来

耶鲁公开课 - 金融市场课程节选

I like to tell that story because it sounds obvious that if you were a goldsmith hundreds of years of ago you would have probably become a banker -it would just be the natural thing to do.

我喜欢讲这个故事,因为这里面的道理很简单,如果你是几百年前的一名金匠,你很可能就会变成一个银行家,这是自然而然的事

耶鲁公开课 - 金融市场课程节选

If it was a bearer note " if the note said I'll pay if it wasn't a unique object but just gold the note would say that this goldsmith will pay to the bearer so many ounces of gold.

如果这是一个不记名票据,如果上面写着：“我会付款的,如果上面写着的东西只是金子而不是特别的物品,那么票据上就会显示这个金匠,要给这个不记名者多少盎司的金子。

耶鲁公开课 - 金融市场课程节选