If any supplement is necessitated for the trading mode of paper gold, that will be bear operation mechanism.

如果说银行纸黄金交易模式还需要什么补充，那应该是空头操作机制。

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The bank that spearheads paper gold bear operation mechanism will take the lead in grasping growth opportunities.

率先开展纸黄金空头交易机制的银行无疑将获得抢占市场的先机。

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The report also lists top economic search terms, including Shanghai Composite Index, fund, exchange rate, growth enterprise board, and paper gold.

谷歌还发布了财经词汇榜，上证指数、基金、汇率、创业版、纸黄金等词汇纷纷上榜。

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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

committed that their paper money would always and at all times be redeemable in gold.

他们的纸币将一直能够每时每刻,用金子赎回来。

耶鲁公开课 - 金融市场课程节选

I was just seeing yesterday's paper-- someone was selling gold coins.

我昨天在报纸上读到一则广告,有些人在卖金币

耶鲁公开课 - 金融市场课程节选

With gold production working at full capacity, combined with the massive outstanding paper gold position, increased demand for physical gold can only be satisfied at much higher prices, which we are likely to see in the next few months.

FORBES: Dude, Where's My Gold?

If the paper gold market continues to sell off while physical acquisition continues to accelerate, this is a strong warning about the economic recovery and a leading indicator that could set the stage for a new bull market in precious metals.

FORBES: Why Are Small Investors Still Buying Gold? A Psychology Lesson

In addition to all of these tax issues, the U.S. in the early 1930s was on a gold standard where paper currency was legally convertible into gold.

WSJ: Arthur B. Laffer: Taxes, Depression, and Our Current Troubles