As the chart shows, the largest gold ETF has a gold hoard that places it on a par with the reserves of central Banks.

如图标所示，最大的黄金e TF拥有的黄金储备同中央银行的准备金相等。

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Before the First World War, the gold standard created a fixed exchange rate system as each country pegged the value of its currency to gold to establish its par value.

第一次民界大战之前，金本位制建立了固定汇率制，每个国家通过将本国货币与黄金挂钩来确定其货币的平价。

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In order for China to be on par with the U.S., in terms of gold reserves to currency ratio, China would have to nearly quadruple its gold reserves.

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Agassi had endured a generally below-par year by his high standards and it was to prove a tough battle for gold, but as the memories flooded back he reeled off in quick succession how he did it.

CNN: Golden moments: Agassi and Graf relive Olympic glory