当最终利率上升，持有黄金的机会成本将会上升，而黄金将失去其光芒。
When interest rates eventually rise, the opportunity cost of holding gold will go up, taking off the shine.
他说，投资者将黄金看成是抵御纸币贬值的保值工具，一个由于利率较低而机会成本较小的保值工具。
He says investors see gold as a hedge against the depreciation of paper currencies, a hedge which has little opportunity cost because of low interest rates.
在这些国家提高利率将阻止进一步提高的机会，实际上，这就意味着这些国家的普遍高失业率将会成为一个无法改变的事实。
To raise interest rates under these conditions would be to undermine any chance of doing better; it would mean, in effect, accepting mass unemployment as a permanent fact of life.
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