Study

B2-С1 The Gold Economy

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  • What are assets? Give one example related to the gold market.
    Things of value owned by a person or company — e.g., gold bullion, property, or shares
  • Rephrase: There was a sudden, sharp rise in the price of gold last month.
    There was a sudden, sharp run-up in the price of gold last month.
  • Rephrase: Investors moved their money quickly into gold when the stock market became unstable.
    Investors flocked to gold when the stock market became unstable.
  • Rephrase: Central banks have raised the cost of borrowing money to control inflation.
    Central banks have raised interest rates to control inflation.
  • Guess the key word: The economy has shown no real growth for more than six months — prices and employment levels stay the same.
    Stagnation.
  • Complete the dialogue: Anna: Why do crypto prices _____________ so much? Brian: Because they’re influenced by speculation and sudden market sentiment.
    fluctuate
  • True or False? Rising interest rates usually make gold prices fall.
    True: Higher rates make other investments more attractive than gold.
  • True or False? Gold is considered one of the safest assets during economic crisis.
    True: Gold keeps its value when other investments lose value.
  • True or False? During periods of stagnation, investors usually lose all interest in gold.
    False: In fact, during slow growth, investors often buy gold as a safe option.
  • Use "flock to" in a sentence describing people going in large numbers.
    Your answer.
  • Guess the key word: After a political scandal, trust in the government disappears almost immediately.
    Evaporate.
  • Guess the key word: Stock markets suddenly crash worldwide, wiping out billions in a single week.
    Meltdown.
  • Create a sentence using "futures" to explain gold market trends.
    Your answer.
  • Rephrase: People lost confidence in the banking system very quickly.
    People's confidence in the banking system evaporated very quickly.
  • Complete the dialogue: Ellen: Are you trading ___________ this quarter? Dora: Yes, I’ve got contracts on gold and oil — good way to manage risk.
    futures
  • Rephrase: The company’s profits fell because of high energy costs and weak demand.
    High energy costs and weak demand weighed down the company’s profits.
  • Use "weigh down" in a sentence about causing problems or difficulties in the gold market.
    Your answer.
  • Complete the dialogue: Harry: Did you see the _______ in gold prices last week? Doyle: Yes, investors jumped in after that inflation report came out.
    run-up
  • Create a sentence using "fluctuate" to describe an investment strategy.
    Your answer.
  • What happens in a market meltdown?
    A sudden and severe drop in market value.