对于那些将黄金当做纸币的一种替代品的投资者来说，黄金的吸引力与这些投资者对其他货币保持其价值的能力的恐惧程度密切相关。

For investors in gold who think of it as an alternative to paper currencies, its attractiveness is intimately linked to their fears about the capacity of these other currencies to retain their value.

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1425年纸币的价值已经跌到了仅仅比其面值的1%多一点的程度；1450年跌到了其1%面值的十分之一。

In 1425 the note issue was valued at only slightly more than 1 percent of its face value; by 1450 it had fallen to less than one-tenth of 1 percent of face value.

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此外，在中南银行成立之初，黄奕住便利用其侨商银行身份，特许获准发行纸币。

In addition, in the early days of the bank which had been established, Huang Yizhu made use of status of oversea Chinese bank to get the concession of paper currency issue.

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