• Of course the price of gold never changed in the gold standard because that was the whole point of the gold standard that's if currency was convertible into gold.

    当然,在金本位制度中,金子的价格从来没有变过,因为这是金本位制度,的核心所在,如果货币能够与金子转换的话。

    耶鲁公开课 - 金融市场课程节选

  • 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

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