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      考研英语水平的进步，不仅要记单词，还需要阅读外语文献等资料。接下来，小编为2024考研者们，整理出——2024考研英语同源外刊7月:黄金价格的谜团，供考生参考。

2024考研英语同源外刊7月:黄金价格的谜团

Traders have an expression to describe how unpredictable financial markets can be: “better off dumb”. Stocks or other financial markets can sometimes behave in unforeseeable ways. Analysts predicted that American share prices would collapse if Donald Trump won the election in 2016—they soared. Companies that post better-than-expected earnings sometimes see their share prices decline. Glimpsing the future should give a trader an edge, and most of the time it would. But not always.

交易员们有一个表达来描述金融市场的不可预测性：“愚蠢者更幸运”。股票或其他金融市场有时会以无法预测的方式表现。分析师们曾预测，如果唐纳德·特朗普在2016年赢得选举，美国股票价格将崩盘，但实际上它们却飙升了。有时，发布超出预期的收益的公司会看到其股价下跌。能够瞥见未来应该能够给交易员带来优势，而大部分情况下确实如此。但并非总是如此。

Say you knew, at the start of 2021. that inflation was going to soar, the consequence of rampant money-printing by central banks and extravagant fiscal stimulus. In addition, perhaps you also knew that inflation would then be stoked by trench warfare in Europe. With such knowledge, there is perhaps one asset above all others that you would have dumped your life savings into: the precious metal that adorns the necks and wrists of the wealthy in countries where inflation is a perennial problem. Better off dumb, then. The price of gold has barely budged for two years. On January 1st 2021 an ounce cost just shy of $1.900. Today it costs $1.960. You would have made a princely gain of 3%.

假设你在2021年初就知道通货膨胀将会飙升，这是中央银行大量印钞和过度财政刺激的后果。此外，也许你还知道通货膨胀将会受到欧洲的阵地战所推动。有了这样的了解，或许有一项资产是你愿意把你的全部积蓄投入其中的：那就是在通胀长期存在的国家里，装饰富人颈项和手腕的贵金属。然而现实是(想那么多有什么用呢)，金价格两年来几乎没有变动。2021年1月1日，一盎司黄金的价格略低于1900美元。而今天，它的价格为1960美元。你只能获得微不足道的3%的收益。

What is going on? Working out the right price for gold is a difficult task. Gold bugs point to the metal’s historical role as the asset backing money, its use in fine jewellery, its finite supply and its physical durability as reasons to explain why it holds value. After all, at first glance the phenomenon is a strange one: in contrast to stocks and bonds, gold generates no cash flows or dividends.

究竟发生了什么?确定黄金的正确价格是一项困难的任务。黄金信徒指出黄金作为货币支持资产的历史作用、它在精美珠宝中的使用、其有限的供应以及其物理耐久性，都是解释黄金为何具有价值的理由。毕竟，乍一看，这个现象是奇怪的：与股票和债券不同，黄金并不产生现金流或股息。

 

单词：

mystery /ˈmɪstəri/ n. 难以理解(或解释)的事物，奥秘;神秘的人(或事物);

trader /ˈtreɪdər/ n. 交易者，商人;

unpredictable /ˌʌnprɪˈdɪktəb(ə)l/ adj. 不可预测的，不可预计的;

better off dumb 比较无知更好;

unforeseeable /ˌʌnfɔːrˈsiːəbl/ adj. 无法预料的，意料不到的;

analyst /ˈænəlɪst/ n. 分析师;

collapse /kəˈlæps/ vi. 崩溃，倒塌;崩溃，瓦解;

soar /sɔːr/ vi. 猛增，猛升;

glimpse/ɡlɪmps/ vt. 一瞥，瞥见;看一眼;

      综上是“2024考研英语同源外刊7月:黄金价格的谜团”，希望对备战2024考研考生们有所帮助!让我们乘风破浪，终抵彼岸，考研加油!

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