{"id":203973,"date":"2026-09-05T17:59:09","date_gmt":"2026-09-05T17:59:09","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/203973\/"},"modified":"2026-09-05T17:59:09","modified_gmt":"2026-09-05T17:59:09","slug":"evropa-stahuje-zlato-z-ameriky-pripravuje-se-na-horsi-casy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/203973\/","title":{"rendered":"Evropa stahuje zlato z Ameriky. P\u0159ipravuje se na hor\u0161\u00ed \u010dasy"},"content":{"rendered":"

Evropsk\u00e9 centr\u00e1ln\u00ed banky za\u010d\u00ednaj\u00ed p\u0159ehodnocovat, kde dr\u017e\u00ed sv\u00e9 zlat\u00e9 rezervy. Nizozemsko p\u0159esunulo des\u00edtky tun zlata z USA a Kanady do Lond\u00fdna, Francie \u010d\u00e1st rezerv vr\u00e1tila dom\u016f a podobn\u00fd krok u\u017e d\u0159\u00edve ud\u011blalo N\u011bmecko. Nejde o p\u0159edzv\u011bst kolapsu, ale o snahu b\u00fdt l\u00e9pe p\u0159ipraven na geopolitick\u00e9 a finan\u010dn\u00ed ot\u0159esy, p\u00ed\u0161e BBC.<\/p>\n

Nizozemsk\u00e1 centr\u00e1ln\u00ed banka letos mezi b\u0159eznem a srpnem p\u0159esunula z USA a Kanady 86 tun zlata z celkov\u00fdch zhruba 313 tun, kter\u00e9 tam dr\u017eela, do Lond\u00fdna. D\u016fvod banka popsala pom\u011brn\u011b otev\u0159en\u011b: rostouc\u00ed geopolitick\u00e1 nejistota a pot\u0159eba m\u00edt zlato v p\u0159\u00edpad\u011b krize rychleji k dispozici.<\/p>\n

\u201eO\u010dek\u00e1v\u00e1me, \u017ee ho nikdy nebudeme muset pou\u017e\u00edt, ale mus\u00edme pos\u00edlit na\u0161i odolnost a p\u0159ipravenost,\u201c \u0159ekl BBC<\/a> guvern\u00e9r nizozemsk\u00e9 centr\u00e1ln\u00ed banky Olaf Sleijpen.<\/p>\n

\t\t\"Bitcoin<\/p>\n

\t\tPro\u010d bitcoin roste rychleji ne\u017e zlato? Odpov\u011b\u010f vede p\u0159es Trumpa a hypot\u00e9ky
\n\t\tMoney<\/a><\/p>\n

Amerika znovu \u201etwistuje\u201c a investo\u0159i hledaj\u00ed ochranu p\u0159ed slab\u0161\u00edm dolarem. Zat\u00edmco zlato roste, bitcoin z nyn\u011bj\u0161\u00edho \u201edebasement trade\u201c t\u011b\u017e\u00ed je\u0161t\u011b v\u00fdrazn\u011bji \u2013 pom\u00e1h\u00e1 mu men\u0161\u00ed trh, vysok\u00e1 citlivost na glob\u00e1ln\u00ed likviditu a p\u0159edev\u0161\u00edm pevn\u011b dan\u00e1 nab\u00eddka. Co p\u0159esn\u011b stoj\u00ed za novodobou obdobou Operace twist a pro\u010d z n\u00ed kryptom\u011bna profituje v\u00edc ne\u017e zlato, p\u00ed\u0161e ve sv\u00e9m koment\u00e1\u0159i hlavn\u00ed ekonom Trinity Bank Luk\u00e1\u0161 Kovanda.<\/p>\n

Luk\u00e1\u0161 Kovanda<\/p>\n

\tP\u0159e\u010d\u00edst \u010dl\u00e1nek<\/a><\/p>\n

Lond\u00fdn jako sv\u011btov\u00fd trezor<\/p>\n

P\u0159esun p\u0159itom neznamen\u00e1, \u017ee by Evropan\u00e9 cht\u011bli m\u00edt v\u0161echno zlato \u201edoma\u201c. Lond\u00fdn z\u016fst\u00e1v\u00e1 jedn\u00edm z nejd\u016fle\u017eit\u011bj\u0161\u00edch sv\u011btov\u00fdch center obchodu se zlatem a Bank of England pat\u0159\u00ed mezi jeho nejv\u011bt\u0161\u00ed spr\u00e1vce.<\/p>\n

Ve sv\u00fdch trezorech dr\u017e\u00ed p\u0159ibli\u017en\u011b 400 tis\u00edc zlat\u00fdch cihel v hodnot\u011b p\u0159es 200 miliard liber.<\/p>\n

Pr\u00e1v\u011b vysok\u00e1 likvidita d\u011bl\u00e1 z Lond\u00fdna atraktivn\u00ed m\u00edsto. Pokud centr\u00e1ln\u00ed banka pot\u0159ebuje v krizov\u00e9 situaci zlato rychle prodat nebo naopak nakoupit, je britsk\u00e1 metropole jedn\u00edm z nejlep\u0161\u00edch m\u00edst, kde takovou operaci prov\u00e9st.<\/p>\n

\u010c\u00e1st p\u0159esun\u016f se nav\u00edc odehr\u00e1v\u00e1 jen \u00fa\u010detn\u011b. Nizozemci nap\u0159\u00edklad p\u0159ibli\u017en\u011b 59 tun zlata prodali v New Yorku a sou\u010dasn\u011b nakoupili stejn\u00fd objem v Lond\u00fdn\u011b. P\u0159es Atlantik tak \u017e\u00e1dn\u00e9 cihly cestovat nemusely.<\/p>\n

\t\t\"\u00danorov\u00fdm<\/p>\n

\t\tMiliardy v trezoru. Jak \u010cNB spravuje devizov\u00e9 rezervy a pro\u010d je z n\u00ed tich\u00fd glob\u00e1ln\u00ed investor
\n\t\tN\u00e1zory<\/a><\/p>\n

\u010cesk\u00e1 n\u00e1rodn\u00ed banka nen\u00ed jen str\u00e1\u017ecem \u00farokov\u00fdch sazeb a inflace, ale potichu se vypracovala v jednoho z nejv\u011bt\u0161\u00edch institucion\u00e1ln\u00edch investor\u016f v regionu.\u00a0 Vedle sv\u00e9 tradi\u010dn\u00ed m\u011bnov\u00e9 politiky toti\u017e spravuje n\u00e1rodn\u00ed devizov\u00e9 rezervy v ohromn\u00e9m objemu p\u0159esahuj\u00edc\u00edm 178 miliard dolar\u016f, p\u00ed\u0161e v koment\u00e1\u0159i Erik Kme\u0165, zakladatel K&L Rock a fondu Rivenity.<\/p>\n

nst<\/p>\n

\tP\u0159e\u010d\u00edst \u010dl\u00e1nek<\/a><\/p>\n

\u010cNB zlato rychle hromad\u00ed. V\u011bt\u0161inu dr\u017e\u00ed pr\u00e1v\u011b v Lond\u00fdn\u011b<\/p>\n

Do stejn\u00e9ho obr\u00e1zku dob\u0159e zapad\u00e1 i \u010cesk\u00e1 n\u00e1rodn\u00ed banka, kter\u00e1 sv\u00e9 zlat\u00e9 rezervy v posledn\u00edch letech mimo\u0159\u00e1dn\u011b rychle navy\u0161uje a v\u011bt\u0161inu drah\u00e9ho kovu dr\u017e\u00ed pr\u00e1v\u011b v Lond\u00fdn\u011b, kde ho tak\u00e9 prim\u00e1rn\u011b nakupuje.<\/p>\n

Na konci \u010dervence m\u011bla \u010cNB 84,1 tuny zlata. Je\u0161t\u011b na konci roku 2022 to bylo p\u0159ibli\u017en\u011b 12 tun. C\u00edlem centr\u00e1ln\u00ed banky je dostat se do roku 2028 na 100 tun, co\u017e by znamenalo nejv\u011bt\u0161\u00ed zlatou rezervu v historii \u010cNB.<\/p>\n

\u201eZlato nen\u00ed n\u00e1vrat do minulosti. Je to pojistka. Je to diverzifikace. Je to kotva,\u201c uvedl letos v srpnu<\/a> guvern\u00e9r \u010cNB Ale\u0161 Michl. Podle n\u011bj maj\u00ed rezervy chr\u00e1nit zemi v krizi, rozkl\u00e1dat rizika a z\u00e1rove\u0148 dlouhodob\u011b vyd\u011bl\u00e1vat.<\/p>\n

V\u011bt\u0161ina \u010desk\u00e9ho zlata je bezpe\u010dn\u011b ulo\u017eena v Lond\u00fdn\u011b, odkud je snadno obchodovateln\u00e1 na sv\u011btov\u00fdch trz\u00edch. Men\u0161\u00ed \u010d\u00e1st m\u00e1 \u010cNB v Praze, p\u0159edev\u0161\u00edm kv\u016fli v\u00fdrob\u011b zlat\u00fdch minc\u00ed. Michl nav\u00edc uvedl, \u017ee banka uva\u017euje i o dal\u0161\u00edch trezorech ve sv\u011bt\u011b, aby \u00faschovu d\u00e1le diverzifikovala.<\/p>\n

Ne panika, ale pojistka<\/p>\n

Podle odborn\u00edk\u016f osloven\u00fdch BBC nen\u00ed za p\u0159esuny o\u010dek\u00e1v\u00e1n\u00ed bezprost\u0159edn\u00ed katastrofy. V\u00e1lky a obchodn\u00ed nap\u011bt\u00ed sice hraj\u00ed roli, stejn\u011b d\u016fle\u017eit\u00e9 jsou ale inflace, \u00farokov\u00e9 sazby a mo\u017enost s rezervami rychle nakl\u00e1dat.<\/p>\n

\u201eNem\u00e1m pocit, \u017ee by se o\u010dek\u00e1val n\u011bjak\u00fd bezprost\u0159edn\u00ed konec sv\u011bta,\u201c uvedl Joseph Cavatoni z World Gold Council. Centr\u00e1ln\u00ed banky podle n\u011bj jednodu\u0161e mnohem v\u00edce p\u0159em\u00fd\u0161lej\u00ed o tom, jak sv\u00e9 rezervy spravovat.<\/p>\n

Ostatn\u011b nejde o \u00fapln\u011b nov\u00fd fenom\u00e9n. N\u011bkter\u00e9 evropsk\u00e9 zem\u011b p\u0159esouvaly b\u011bhem studen\u00e9 v\u00e1lky \u010d\u00e1st zlata naopak do New Yorku. N\u011bmeck\u00e1 Bundesbank pak v letech do roku 2016 p\u0159esunula zp\u011bt v\u00edce ne\u017e 216 tun zlata z New Yorku a Pa\u0159\u00ed\u017ee.<\/p>\n

\t\t\"Guvern\u00e9r<\/p>\n

\t\tGuvern\u00e9r \u010cNB Michl: Skladbu rezerv nyn\u00ed m\u011bn\u00edme tak, aby v\u00a0budoucnu p\u0159in\u00e1\u0161ely des\u00edtky miliard korun
\n\t\tMoney<\/a><\/p>\n

\u010cesk\u00e1 n\u00e1rodn\u00ed banka za rok 2024 vyk\u00e1zala rekordn\u00ed zisk 151 miliard korun. Poda\u0159ilo se j\u00ed tak umazat \u010d\u00e1st ztr\u00e1ty, kter\u00e1 vznikla v uplynul\u00e9 dek\u00e1d\u011b kv\u016fli chybn\u011b ukon\u010den\u00e9mu re\u017eimu intervenc\u00ed. <\/p>\n

Stanislav \u0160ulc<\/p>\n

\tP\u0159e\u010d\u00edst \u010dl\u00e1nek<\/a><\/p>\n

Centr\u00e1ln\u00ed banky zlato hromad\u00ed<\/p>\n

Debata o tom, kde zlato dr\u017eet, nab\u00fdv\u00e1 na v\u00fdznamu i proto, \u017ee centr\u00e1ln\u00ed banky ho nakupuj\u00ed ve velk\u00e9m.<\/p>\n

Podle World Gold Council po\u0159\u00eddily za posledn\u00ed \u010dty\u0159i roky v pr\u016fm\u011bru kolem tis\u00edce tun zlata ro\u010dn\u011b. V p\u0159edchoz\u00ed dek\u00e1d\u011b to byla zhruba polovina.<\/p>\n

A mezi nejaktivn\u011bj\u0161\u00ed kupce se za\u0159adilo i \u010cesko. Podle \u017eeb\u0159\u00ed\u010dku z \u00fadaj\u016f World Gold Council nakoupila \u010cNB b\u011bhem prvn\u00edho pololet\u00ed leto\u0161n\u00edho roku 10,8 tuny zlata, co\u017e j\u00ed mezi centr\u00e1ln\u00edmi bankami vyneslo p\u00e1t\u00e9 m\u00edsto na sv\u011bt\u011b. Jasn\u00fdm l\u00eddrem bylo Polsko, kter\u00e9 za prvn\u00ed pololet\u00ed p\u0159ikoupilo 82,2 tuny. N\u00e1sledoval Uzbekist\u00e1n se 41 tunami, \u010c\u00edna se zhruba 40 tunami a Kazachst\u00e1n s v\u00edce ne\u017e 27 tunami.\u00a0<\/p>\n

\u010cNB nav\u00edc v n\u00e1kupech pokra\u010dovala i b\u011bhem l\u00e9ta. Podle nejnov\u011bj\u0161\u00edch dat World Gold Council p\u0159ikoupila v \u010dervenci dal\u0161\u00ed dv\u011b tuny. Od za\u010d\u00e1tku roku tak sv\u00e9 rezervy roz\u0161\u00ed\u0159ila p\u0159ibli\u017en\u011b o 12 tun a celkov\u011b dr\u017eela kolem 84 tun zlata.<\/p>\n

\u010cesko p\u0159itom st\u00e1le v\u00fdrazn\u011b zaost\u00e1v\u00e1 za sousedn\u00edm Polskem. Tamn\u00ed centr\u00e1ln\u00ed banka m\u011bla po \u010dervencov\u00fdch n\u00e1kupech u\u017e kolem 640 tun zlata a letos p\u0159ikoupila zhruba 90 tun. Jej\u00edm c\u00edlem je dostat se na 700 tun.<\/p>\n

Siln\u00e1 popt\u00e1vka centr\u00e1ln\u00edch bank je z\u00e1rove\u0148 jedn\u00edm z faktor\u016f, kter\u00e9 \u017eenou vzh\u016fru cenu drah\u00e9ho kovu. Ta letos v lednu p\u0159ekonala rekordn\u00edch 5000 dolar\u016f za troyskou unci a i po n\u00e1sledn\u00e9m poklesu z\u016fst\u00e1v\u00e1 historicky velmi vysoko.<\/p>\n

Goldman Sachs podle BBC o\u010dek\u00e1v\u00e1, \u017ee do konce leto\u0161n\u00edho roku se cena zlata dostane p\u0159ibli\u017en\u011b na 4900 dolar\u016f za unci.<\/p>\n

\t\t\"Tu\u0148\u00e1k<\/p>\n

\t\tLan\u00fd\u017ee stranou. V \u010desk\u00e9m fine diningu fr\u010d\u00ed seno, jehli\u010d\u00ed i plevel
\n\t\tEnjoy<\/a><\/p>\n

Sedmero bylin, hrst jehli\u010d\u00ed, p\u00e1r \u0161pendl\u00edk\u016f a trochu sena. L\u00edstky plan\u00e9 r\u016f\u017ee, ma\u0159inka von\u00edc\u00ed vanilkou a k\u0159\u00eddlatka utr\u017een\u00e1 u \u0159eky. To nejsou ingredience z hodiny lektvar\u016f ve slavn\u00fdch Bradavic\u00edch, ale suroviny, kter\u00e9 dnes potk\u00e1te na tal\u00ed\u0159\u00edch \u0161pi\u010dkov\u00fdch \u010desk\u00fdch restaurac\u00edch.<\/p>\n

Petra Mart\u00ednkov\u00e1<\/p>\n

\tP\u0159e\u010d\u00edst \u010dl\u00e1nek<\/a><\/p>\n

VY\u0160EL LETN\u00cd NEWSTREAM CLUB\u00a0<\/p>\n

S\u00e1zky na r\u016fst \u010ceska se vypl\u00e1cej\u00ed. Potvrzuj\u00ed to lid\u00e9 r\u016fzn\u00fdch obor\u016f a z\u00e1jm\u016f, s nimi\u017e se m\u016f\u017eete potkat p\u0159i \u010dten\u00ed aktu\u00e1ln\u00edho vyd\u00e1n\u00ed magaz\u00ednu Newstream CLUB. \u010cesko m\u00e1 toti\u017e ob\u0159\u00ed potenci\u00e1l, kter\u00fd se da\u0159\u00ed \u010d\u00edm d\u00e1l v\u00edce vyu\u017e\u00edvat. Plat\u00ed to pro investory, glob\u00e1ln\u00ed i lok\u00e1ln\u00ed firmy, ale tak\u00e9 pro tuzemsk\u00fd realitn\u00ed trh. Jak se na vln\u011b z\u00e1jmu sv\u00e9zt, porad\u00ed letn\u00ed vyd\u00e1n\u00ed magaz\u00ednu.<\/p>\n

Na ob\u00e1lce magaz\u00ednu jsou sourozenci se Sara a Teo Sandevovi, kte\u0159\u00ed pat\u0159\u00ed ke generaci, kter\u00e1 u\u017e nemus\u00ed volit mezi p\u016fvodem a zem\u00ed, kde vyrostla. Ona jde hereckou cestou, on spojuje fotbal, studium a rodinn\u00fd byznys. Oba ale dob\u0159e v\u011bd\u00ed, \u017ee jejich nejv\u011bt\u0161\u00ed v\u00fdhodou je pr\u00e1v\u011b mix \u010desk\u00e9ho z\u00e1zem\u00ed a balk\u00e1nsk\u00fdch ko\u0159en\u016f.<\/p>\n

Aktu\u00e1ln\u00ed vyd\u00e1n\u00ed se v\u011bnuje pr\u00e1v\u011b s\u00e1zk\u00e1m na \u010cesko z\u00a0mnoha pohled\u016f: z\u00a0pohledu investor\u016f drobn\u00fdch i institucion\u00e1ln\u00edch, ale i z\u00a0pohledu lid\u00ed, kte\u0159\u00ed se sna\u017e\u00ed zemi posunout d\u00e1l. K\u00a0nim pat\u0159\u00ed nap\u0159\u00edklad Petr Dvo\u0159\u00e1k, kter\u00fd sh\u00e1n\u00ed soukrom\u00e9 prost\u0159edky na spolufinancov\u00e1n\u00ed stavby nov\u00e9 pra\u017esk\u00e9 filharmonie, nebo investor Marek Dospiva.<\/p>\n

\u010cesko se tak\u00e9 st\u00e1v\u00e1 \u010d\u00edm d\u00e1l v\u011bt\u0161\u00edm l\u00e1kadlem pro zahrani\u010dn\u00ed firmy, kter\u00e9 zde maj\u00ed v\u00fdvojov\u00e1 centra. D\u016fvod\u016f je cel\u00e1 \u0159ada, ale kl\u00ed\u010dov\u00e9 jsou pro glob\u00e1ln\u00ed firmy t\u0159i v\u011bci: vhodn\u00e1 geografick\u00e1 poloha, bezpe\u010dnost, a hlavn\u011b siln\u00e9 technick\u00e9 z\u00e1zem\u00ed, d\u00edky kter\u00e9mu tu mohou pracovat na nejpokro\u010dilej\u0161\u00edch inovac\u00edch.<\/p>\n

To potvrzuje nap\u0159\u00edklad \u0161\u00e9f glob\u00e1ln\u00ed technologick\u00e9 spole\u010dnosti Everpure Charlie Giancarlo, kter\u00fd p\u016fsobil v\u00a0nejv\u011bt\u0161\u00edch firm\u00e1ch sv\u011bta, st\u00e1l u zrodu internetu a nyn\u00ed se v\u011bnuje datov\u00fdm \u00falo\u017ei\u0161t\u00edm. Rozhovor s n\u00edm tak\u00e9 p\u0159in\u00e1\u0161\u00ed letn\u00ed vyd\u00e1n\u00ed magaz\u00ednu Newstream CLUB.\u00a0<\/p>\n

A rostouc\u00ed z\u00e1jem nadn\u00e1rodn\u00edch firem o mo\u017enost p\u016fsobit v\u00a0\u010cesku potvrzuje tak\u00e9 Toma\u0301s\u030c Partsch z\u00a0CTP, kter\u00fd vysv\u011btluje, jak se z\u00a0Brna st\u00e1v\u00e1 evropsk\u00e9 Silicon Valley.<\/p>\n

Dvan\u00e1ct\u00e9 vyd\u00e1n\u00ed \u010dtvrtletn\u00edku Newstream CLUB je v prodeji, distribuci zaji\u0161\u0165uje Send. Digit\u00e1ln\u00ed verzi magaz\u00ednu lze zakoupit p\u0159\u00edmo na newstream.cz.<\/p>\n","protected":false},"excerpt":{"rendered":"Evropsk\u00e9 centr\u00e1ln\u00ed banky za\u010d\u00ednaj\u00ed p\u0159ehodnocovat, kde dr\u017e\u00ed sv\u00e9 zlat\u00e9 rezervy. Nizozemsko p\u0159esunulo des\u00edtky tun zlata z USA a…\n","protected":false},"author":2,"featured_media":203974,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[44871,109,108,106,4075,686,45217,2111,41857,46399,558],"class_list":["post-203973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-evropa","tag-centralni-banky","tag-europa","tag-europe","tag-evropa","tag-geopolitika","tag-inflace","tag-likvidita","tag-londyn","tag-urokove-sazby","tag-zlate-rezervy","tag-zlato"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/117219738742594444","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/203973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=203973"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/203973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/203974"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=203973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=203973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=203973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}