And gold exchange nations keep about the same ratio of gold exchange.

金汇兑制国家也会保持同样比例的金汇兑。

youdao

The first problem is how much gold or gold exchange should be reserved against currency.

第一个问题是，需要为货币储备多少黄金或金汇兑。

youdao

In Shanghai, the gold exchange saw volumes - often seen as a proxy for demand - at a record yesterday.

上海黄金交易所的交易规模(往往被视为需求的晴雨表)昨日创下新纪录。

youdao

This left even less gold and silver to exchange for the huge amounts of paper money the banks had issued.

VOA: special.2009.01.01

Then the relative price of gold versus silver shifted to the point that the gold with at the twenty-one shilling exchange rate the gold shilling was worth less the gold guinea was worth less than twenty-one shilling.

之后，金子相对于银子的相对价格,就移动到另一个值,在二十一个先令的兑换率下,金先令价值少于,金几尼的价值少于了二十一个先令的价值。

耶鲁公开课 - 金融市场课程节选

All of them produced large amounts of paper money -- many times the amount they could exchange for gold or silver.

VOA: special.2009.01.01

Trading volumes in gold exchange-traded funds, a favorite among individual investors, surged over the two-day swoon.

WSJ: Gold's Great Unraveling Had a Few Harbingers

Evidence of the investor retreat from gold is showing up among gold exchange-traded funds.

WSJ: Stocks Jump for Week Despite Loss Friday

However, with the advent of the gold exchange-traded funds like the SPDR Gold Trust (GLD), that all changed.

FORBES: INTERVIEW: Equity Markets Could Be Ready For Break, Commodities Break May Suggest Deflation