We expect it to relate well to the value of gold, although further studies may be necessary to analyze the relationship of gold to higher aggregates, such as M1, M2, and M3.

• 我们希望它能很好地与黄金价格联系，尽管在进一步的研究中也许会通过更高级的货币流通额如M1、M2和M3来衡量它们对黄金价格的影响。