That he is a fable invented by the Inner Ring, a bogy to frighten us with.

他是内环编造的寓言， 一个吓唬我们的妖精。

" Gold! What is gold" ? And really Tom did not know; but the suspicious old bogy would not believe him.

“黄金！什么是黄金” ？ 汤姆真的不知道； 但是多疑的老怪物不相信他。

At last he stopped—thump! and found himself tight in the legs of the most wonderful bogy which he had ever seen.

最后他停了下来——砰！发现自己紧紧地夹在他所见过的最奇妙的怪物的腿上。