考研英语文章阅读及剖析十四
<p> 考研英语报刊文章阅读及剖析(14)</p><p> <span word="Up">Up</span> <span word="goes">goes</span> <span word="gold">gold</span>, <span word="down">down</span> <span word="goes">goes</span> <span word="the">the</span> <span word="dollar">dollar</span></p><p> <span word="Most">Most</span> <span word="economists">economists</span> <span word="hate">hate</span> <span word="gold">gold</span>. <span word="Not">Not</span>, <span word="you">you</span> <span word="understand">understand</span>, <span word="that">that</span> <span word="they">they</span> <span word="would">would</span> <span word="turn">turn</span> <span word="up">up</span> <span word="their">their</span> <span word="noses">noses</span> <span word="at">at</span> <span word="a">a</span> <span word="bar">bar</span> <span word="or">or</span> <span word="two">two</span>. <span word="But">But</span> <span word="they">they</span> <span word="find">find</span> <span word="the">the</span> <span word="reverence">reverence</span> <span word="in">in</span> <span word="which">which</span> <span word="many">many</span> <span word="hold">hold</span> <span word="the">the</span> <span word="metal">metal</span> <span word="almost">almost</span> <span word="irrational">irrational</span>. <span word="That">That</span> <span word="it">it</span> <span word="was">was</span> <span word="used">used</span> <span word="as">as</span> <span word="money">money</span> <span word="for">for</span> <span word="millennia">millennia</span> <span word="is">is</span> <span word="irrelevant">irrelevant</span>: <span word="it">it</span> <span word="isn">isn</span> <span word="t">t</span> <span word="any">any</span> <span word="more">more</span>. <span word="Modern">Modern</span> <span word="money">money</span> <span word="takes">takes</span> <span word="the">the</span> <span word="form">form</span> <span word="of">of</span> <span word="paper">paper</span> <span word="or">or</span>, <span word="more">more</span> <span word="often">often</span>, <span word="electronic">electronic</span> <span word="data">data</span>. <span word="To">To</span> <span word="economists">economists</span>, <span word="gold">gold</span> <span word="is">is</span> <span word="now">now</span> <span word="just">just</span> <span word="another">another</span> <span word="commodity">commodity</span>.</p><p> <span word="So">So</span> <span word="why">why</span> <span word="is">is</span> <span word="its">its</span> <span word="price">price</span> <span word="soaring">soaring</span>? <span word="Over">Over</span> <span word="the">the</span> <span word="past">past</span> <span word="week">week</span>, <span word="this">this</span> <span word="has">has</span> <span word="topped">topped</span> $450 <span word="a">a</span> <span word="troy">troy</span> <span word="ounce">ounce</span>, <span word="up">up</span> <span word="by">by</span> 9% <span word="since">since</span> <span word="the">the</span> <span word="beginning">beginning</span> <span word="of">of</span> <span word="the">the</span> <span word="year">year</span> <span word="and">and</span> 77% <span word="since">since</span> <span word="April">April</span> 2001. <span word="Ah">Ah</span>, <span word="comes">comes</span> <span word="the">the</span> <span word="reply">reply</span>, <span word="gold">gold</span> <span word="transactions">transactions</span> <span word="are">are</span> <span word="denominated">denominated</span> <span word="in">in</span> <span word="dollars">dollars</span>, <span word="and">and</span> <span word="the">the</span> <span word="rise">rise</span> <span word="in">in</span> <span word="the">the</span> <span word="price">price</span> <span word="simply">simply</span> <span word="reflects">reflects</span> <span word="the">the</span> <span word="dollar">dollar</span> <span word="s">s</span> <span word="fall">fall</span> <span word="in">in</span> <span word="terms">terms</span> <span word="of">of</span> <span word="other">other</span> <span word="currencies">currencies</span>, <span word="especially">especially</span> <span word="the">the</span> <span word="euro">euro</span>, <span word="against">against</span> <span word="which">which</span> <span word="it">it</span> <span word="hit">hit</span> <span word="a">a</span> <span word="new">new</span> <span word="low">low</span> <span word="this">this</span> <span word="week">week</span>. <span word="Expressed">Expressed</span> <span word="in">in</span> <span word="euros">euros</span>, <span word="the">the</span> <span word="gold">gold</span> <span word="price">price</span> <span word="has">has</span> <span word="moved">moved</span> <span word="much">much</span> <span word="less">less</span>. <span word="However">However</span>, <span word="there">there</span> <span word="is">is</span> <span word="no">no</span> <span word="iron">iron</span> <span word="link">link</span>, <span word="as">as</span> <span word="it">it</span> <span word="were">were</span>, <span word="between">between</span> <span word="the">the</span> <span word="value">value</span> <span word="of">of</span> <span word="the">the</span> <span word="dollar">dollar</span> <span word="and">and</span> <span word="the">the</span> <span word="value">value</span> <span word="of">of</span> <span word="gold">gold</span>. <span word="A">A</span> <span word="rising">rising</span> <span word="price">price</span> <span word="of">of</span> <span word="gold">gold</span>, <span word="like">like</span> <span word="that">that</span> <span word="of">of</span> <span word="anything">anything</span> <span word="else">else</span>, <span word="can">can</span> <span word="reflect">reflect</span> <span word="an">an</span> <span word="increase">increase</span> <span word="in">in</span> <span word="demand">demand</span> <span word="as">as</span> <span word="well">well</span> <span word="as">as</span> <span word="a">a</span> <span word="depreciation">depreciation</span> <span word="of">of</span> <span word="its">its</span> <span word="unit">unit</span> <span word="of">of</span> <span word="account">account</span>.</p><p> <span word="This">This</span> <span word="is">is</span> <span word="where">where</span> <span word="gold">gold</span> <span word="bulls">bulls</span> <span word="come">come</span> <span word="in">in</span>. <span word="The">The</span> <span word="fall">fall</span> <span word="in">in</span> <span word="the">the</span> <span word="dollar">dollar</span> <span word="is">is</span> <span word="important">important</span>, <span word="but">but</span> <span word="mainly">mainly</span> <span word="because">because</span> <span word="as">as</span> <span word="a">a</span> <span word="store">store</span> <span word="of">of</span> <span word="value">value</span> <span word="the">the</span> <span word="dollar">dollar</span> <span word="stinks">stinks</span>. <span word="With">With</span> <span word="a">a</span> <span word="few">few</span> <span word="longish">longish</span> <span word="rallies">rallies</span>, <span word="the">the</span> <span word="greenback">greenback</span> <span word="has">has</span> <span word="been">been</span> <span word="on">on</span> <span word="a">a</span> <span word="downward">downward</span> <span word="trend">trend</span> <span word="since">since</span> <span word="it">it</span> <span word="came">came</span> <span word="off">off</span> <span word="the">the</span> <span word="gold">gold</span> <span word="standard">standard</span> <span word="in">in</span> 1971. <span word="Now">Now</span> <span word="it">it</span> <span word="is">is</span> <span word="suffering">suffering</span> <span word="one">one</span> <span word="of">of</span> <span word="its">its</span> <span word="sharper">sharper</span> <span word="declines">declines</span>. <span word="At">At</span> <span word="the">the</span> <span word="margin">margin</span>, <span word="extra">extra</span> <span word="demand">demand</span> <span word="has">has</span> <span word="come">come</span> <span word="from">from</span> <span word="those">those</span> <span word="who">who</span> <span word="think">think</span> <span word="dollars">dollars</span>--<span word="indeed">indeed</span> <span word="any">any</span> <span word="money">money</span> <span word="backed">backed</span> <span word="by">by</span> <span word="nothing">nothing</span> <span word="more">more</span> <span word="than">than</span> <span word="promises">promises</span> <span word="to">to</span> <span word="keep">keep</span> <span word="inflation">inflation</span> <span word="low">low</span>--<span word="a">a</span> <span word="decidedly">decidedly</span> <span word="risky">risky</span> <span word="investment">investment</span>, <span word="mainly">mainly</span> <span word="because">because</span> <span word="America">America</span>, <span word="with">with</span> <span word="the">the</span> <span word="world">world</span> <span word="s">s</span> <span word="reserve">reserve</span> <span word="currency">currency</span>, <span word="has">has</span> <span word="been">been</span> <span word="able">able</span> <span word="to">to</span> <span word="create">create</span> <span word="and">and</span> <span word="borrow">borrow</span> <span word="so">so</span> <span word="many">many</span> <span word="of">of</span> <span word="them">them</span>. <span word="The">The</span> <span word="least">least</span> <span word="painful">painful</span> <span word="way">way</span> <span word="of">of</span> <span word="repaying">repaying</span> <span word="those">those</span> <span word="dollars">dollars</span> <span word="is">is</span> <span word="to">to</span> <span word="make">make</span> <span word="them">them</span> <span word="worth">worth</span> <span word="less">less</span>.</p>
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