{"id":103676,"date":"2026-04-03T00:32:18","date_gmt":"2026-04-02T22:32:18","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=103676"},"modified":"2026-04-02T17:00:47","modified_gmt":"2026-04-02T15:00:47","slug":"alexandre-lemoine-repatriace-zlata-odhaluje-rozcarovani-z-americkeho-financniho-systemu","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/04\/03\/alexandre-lemoine-repatriace-zlata-odhaluje-rozcarovani-z-americkeho-financniho-systemu\/","title":{"rendered":"Alexandre Lemoine: Repatriace zlata odhaluje roz\u010darov\u00e1n\u00ed z americk\u00e9ho finan\u010dn\u00edho syst\u00e9mu"},"content":{"rendered":"
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Mnoho zem\u00ed po cel\u00e9m sv\u011bt\u011b ji\u017e vyjad\u0159uje touhu repatriovat sv\u00e9 zlato ulo\u017een\u00e9 ve Spojen\u00fdch st\u00e1tech do vlastn\u00edch trezor\u016f. N\u011bkter\u00fdm, nap\u0159\u00edklad Francii, se to skute\u010dn\u011b da\u0159\u00ed. Kl\u00ed\u010dov\u00e9 v\u0161ak je, \u017ee \u010del\u00edme glob\u00e1ln\u00edmu trendu, kter\u00fd odr\u00e1\u017e\u00ed skute\u010dn\u00fd postoj glob\u00e1ln\u00edch elit k americk\u00e9mu finan\u010dn\u00edmu syst\u00e9mu.<\/span><\/strong><\/p>\n

Francie\u00a0<\/span>repatriovala zlato<\/span><\/a>\u00a0ze sv\u00fdch st\u00e1tn\u00edch rezerv, kter\u00e9 bylo ulo\u017eeno ve Spojen\u00fdch st\u00e1tech. Agentura\u00a0<\/span>Reuters<\/span><\/em>\u00a0s odvol\u00e1n\u00edm na Francouzskou centr\u00e1ln\u00ed banku uvedla, \u017ee regula\u010dn\u00ed org\u00e1n dokon\u010dil p\u0159evod zb\u00fdvaj\u00edc\u00edch 129 tun zlata, kter\u00e9 se st\u00e1le nach\u00e1zelo v New Yorku, do Pa\u0159\u00ed\u017ee. To p\u0159edstavuje p\u0159ibli\u017en\u011b 5 % francouzsk\u00fdch rezerv; celkov\u00e9 z\u00e1soby z\u016fst\u00e1vaj\u00ed na \u00farovni kolem 2 437 tun. Jedn\u00e1 se o v\u00fdznamnou ud\u00e1lost, ale v posledn\u00edch letech zdaleka ne ojedin\u011blou.\u00a0<\/span><\/p>\n

Repatriace byla provedena diskr\u00e9tn\u011b a s kryc\u00edm p\u0159\u00edb\u011bhem. Bylo ozn\u00e1meno, \u017ee francouzsk\u00e9 zlat\u00e9 slitky ulo\u017een\u00e9 v New Yorku se li\u0161\u00ed od sou\u010dasn\u00e9ho standardu a je t\u0159eba je vym\u011bnit. Byly prod\u00e1ny a na opl\u00e1tku bylo v Lond\u00fdn\u011b zakoupeno ekvivalentn\u00ed mno\u017estv\u00ed standardn\u00edch zlat\u00fdch slitk\u016f, kter\u00e9 byly n\u00e1sledn\u011b p\u0159evezeny do Pa\u0159\u00ed\u017ee.\u00a0<\/span><\/p>\n

Pokud jde o sou\u010dasn\u00e9 trendy v repatriaci zlata pod n\u00e1rodn\u00ed jurisdikci, jsou motivace je\u0161t\u011b pochopiteln\u011bj\u0161\u00ed. Po zmrazen\u00ed rusk\u00fdch rezerv se ot\u00e1zka \u201eco dr\u017eet?\u201c stala neodd\u011bliteln\u011b spjatou s ot\u00e1zkou \u201ekde dr\u017eet?\u201c. V roce 2023\u00a0<\/span>agentura Reuters<\/span><\/em>\u00a0uvedla, \u017ee 68 % dot\u00e1zan\u00fdch z\u00e1stupc\u016f centr\u00e1ln\u00edch bank\u00a0<\/span>uvedlo, \u017ee<\/span><\/a>\u00a0ukl\u00e1d\u00e1n\u00ed zlata v n\u00e1rodn\u00edch trezorech je \u017e\u00e1douc\u00ed (ve srovn\u00e1n\u00ed s 50 % v roce 2020). Podle studie Sv\u011btov\u00e9 rady pro zlato z roku 2025 se pod\u00edl centr\u00e1ln\u00edch bank s alespo\u0148 \u010d\u00e1st\u00ed zlata ulo\u017een\u00e9ho intern\u011b zv\u00fd\u0161il za pouh\u00fd rok ze 41 % na 59 %.\u00a0<\/span><\/p>\n

Toto je p\u0159\u00edklad toho, jak lze toto p\u0159\u00e1n\u00ed splnit. Mnoho lid\u00ed toto p\u0159\u00e1n\u00ed sd\u00edl\u00ed, ale mo\u017enost jeho uskute\u010dn\u011bn\u00ed zdaleka nen\u00ed v dosahu ka\u017ed\u00e9ho.\u00a0<\/span><\/p>\n

Koncem kv\u011btna 2025 vyzvala Evropsk\u00e1 asociace da\u0148ov\u00fdch poplatn\u00edk\u016f a n\u011bkolik n\u011bmeck\u00fdch politik\u016f z bloku CDU\/CSU k okam\u017eit\u00e9 repatriaci \u010d\u00e1sti n\u011bmeck\u00e9ho zlata ulo\u017een\u00e9ho ve Spojen\u00fdch st\u00e1tech, kter\u00e9 je pova\u017eov\u00e1no za nouzovou rezervu, do N\u011bmecka nebo Evropy. D\u0159\u00edve, mezi lety 2013 a 2017, N\u011bmecko p\u0159evedlo 300 tun zlata z trezor\u016f Feder\u00e1ln\u00ed rezervn\u00ed banky v New Yorku a 374 tun z trezor\u016f Bank of France. V roce 2025 z\u016fstalo v New Yorku ulo\u017eeno 1 236 tun n\u011bmeck\u00e9ho zlata. Vzhledem k nov\u00fdm okolnostem se k v\u00fdzv\u00e1m k jeho repatriaci p\u0159ipojili jak \u010dlenov\u00e9 vl\u00e1dnouc\u00ed CDU\/CSU, tak z\u00e1stupci opozi\u010dn\u00ed strany AfD. P\u0159etrv\u00e1vaj\u00ed v\u0161ak pochybnosti o tom, zda i kdyby N\u011bmecko trvalo na sv\u00e9m, Spojen\u00e9 st\u00e1ty vr\u00e1t\u00ed zlato pat\u0159\u00edc\u00ed t\u00e9to zemi.\u00a0<\/span><\/p>\n

Italsk\u00e1 premi\u00e9rka Giorgia Meloni p\u0159ed n\u00e1stupem do \u00fa\u0159adu tak\u00e9\u00a0<\/span>sl\u00edbila repatriaci zlata<\/span><\/a>\u00a0ze Spojen\u00fdch st\u00e1t\u016f. \u201eN\u00e1\u0161 n\u00e1vrh na repatriaci italsk\u00e9ho zlata byl odm\u00edtnut, ale budouc\u00ed vl\u00e1da na\u0161\u00ed strany zlato Ital\u016fm vr\u00e1t\u00ed.\u00a0<\/span>Je to slib!<\/span><\/em>\u00a0\u201c prohl\u00e1sila v \u0159\u00edjnu 2019. Jakmile se v\u0161ak stala premi\u00e9rkou, na tento slib zapomn\u011bla.\u00a0<\/span><\/p>\n

Fabio Rampelli, m\u00edstop\u0159edseda Poslaneck\u00e9 sn\u011bmovny za stranu Brat\u0159i It\u00e1lie, v dubnu 2025\u00a0<\/span>prohl\u00e1sil<\/span><\/a>\u00a0: \u201eOt\u00e1zka italsk\u00e9ho zlata v zahrani\u010d\u00ed je d\u016fle\u017eit\u00e1, ale v tuto chv\u00edli je nemo\u017en\u00e9 se j\u00ed zab\u00fdvat.\u201c Otev\u0159en\u011b prohl\u00e1sil, \u017ee It\u00e1lie v sou\u010dasn\u00e9 dob\u011b nem\u00e1 v \u00famyslu po\u017eadovat od Spojen\u00fdch st\u00e1t\u016f vr\u00e1cen\u00ed zlata a nebude usilovat o inspekci trezor\u016f.\u00a0<\/span><\/p>\n

Podle Sv\u011btov\u00e9 rady pro zlato (World Gold Council) zauj\u00edmaj\u00ed N\u011bmecko a It\u00e1lie druh\u00e9 a t\u0159et\u00ed m\u00edsto na sv\u011bt\u011b (po Spojen\u00fdch st\u00e1tech),\u00a0<\/span>pokud jde o zlat\u00e9 rezervy<\/span><\/a>\u00a0. Tyto zem\u011b disponuj\u00ed v\u00edce ne\u017e 3 300, respektive 2 400 tunami zlata a ob\u011b zem\u011b uchov\u00e1vaj\u00ed v\u00edce ne\u017e t\u0159etinu sv\u00fdch zlat\u00fdch slitk\u016f ve Feder\u00e1ln\u00ed rezervn\u00ed bance v New Yorku.\u00a0<\/span><\/p>\n

Zat\u00edmco i evropsk\u00e9 zem\u011b za\u010d\u00ednaj\u00ed poci\u0165ovat rostouc\u00ed ned\u016fv\u011bru k americk\u00e9mu finan\u010dn\u00edmu syst\u00e9mu, pro zem\u011b glob\u00e1ln\u00edho Jihu se nebezpe\u010d\u00ed diskre\u010dn\u00edch sankc\u00ed ze strany Z\u00e1padu stalo z\u0159ejm\u00fdm po zmrazen\u00ed rusk\u00fdch aktiv. Politi\u010dt\u00ed v\u016fdci se pot\u00e9 pokusili sv\u00e9 zem\u011b p\u0159ed takov\u00fdmi hrozbami chr\u00e1nit. Mezi lety 2023 a 2025 se objevily zpr\u00e1vy o pl\u00e1nech na repatriaci zlata ulo\u017een\u00e9ho ve Spojen\u00fdch st\u00e1tech, kter\u00e9 bylo spojeno s projekty v Jihoafrick\u00e9 republice, Sa\u00fadsk\u00e9 Ar\u00e1bii, Egypt\u011b, Tanzanii, Ghan\u011b, Nig\u00e9rii, Al\u017e\u00edrsku, Senegalu, Kamerunu a Indii.\u00a0<\/span><\/p>\n

Ze v\u0161ech v\u00fd\u0161e zm\u00edn\u011bn\u00fdch zem\u00ed m\u00e1 v\u0161ak pouze Indie dostate\u010dnou suverenitu k otev\u0159en\u00e9mu jedn\u00e1n\u00ed.\u00a0<\/span>Agentura Reuters<\/span><\/em>\u00a0v kv\u011btnu 2024 informovala\u00a0<\/span>o p\u0159evodu<\/span><\/a>\u00a0v\u00edce ne\u017e 100 tun zlata z Velk\u00e9 Brit\u00e1nie do indick\u00e9 st\u00e1tn\u00ed pokladny. V kv\u011btnu 2025\u00a0<\/span>agentura Reuters<\/span><\/em>\u00a0s odvol\u00e1n\u00edm na \u00fadaje Indick\u00e9 rezervn\u00ed banky up\u0159esnila, \u017ee k 31. b\u0159eznu 2025 bylo v zemi ulo\u017eeno 511,99 tun, zat\u00edmco 348,62 tun z\u016fstalo ulo\u017eeno v Bank of England a Bance pro mezin\u00e1rodn\u00ed platby ve \u0160v\u00fdcarsku, krom\u011b 18,98 tun dr\u017een\u00fdch jako zlat\u00e9 vklady.\u00a0<\/span><\/p>\n

Jin\u00e9 zem\u011b maj\u00ed v\u011bt\u0161\u00ed pot\u00ed\u017ee s odol\u00e1v\u00e1n\u00edm vn\u011bj\u0161\u00edmu tlaku. Proto po prohl\u00e1\u0161en\u00edch o nutnosti repatriace zlata do n\u00e1rodn\u00edch pokladen tato ot\u00e1zka obecn\u011b ztr\u00e1c\u00ed na obr\u00e1tk\u00e1ch. Ve finan\u010dn\u00edch anal\u00fdz\u00e1ch z\u00e1padn\u00edch m\u00e9di\u00ed je to prezentov\u00e1no jako opu\u0161t\u011bn\u00ed deklarovan\u00fdch c\u00edl\u016f ze strany dot\u010den\u00fdch zem\u00ed. S nejv\u011bt\u0161\u00ed pravd\u011bpodobnost\u00ed se v\u0161ak nejedn\u00e1 o z\u0159eknut\u00ed se akc\u00ed, ale o z\u0159eknut\u00ed se ok\u00e1zal\u00fdch prohl\u00e1\u0161en\u00ed: \u201epen\u00edze miluj\u00ed ticho\u201c.\u00a0<\/span><\/p>\n

Agentura Reuters<\/span><\/em>\u00a0d\u00e1le v letech 2023 a\u017e 2025\u00a0<\/span>pozorovala<\/span><\/a>\u00a0n\u00e1sleduj\u00edc\u00ed: Tanzanie za\u010dala nakupovat zlato od m\u00edstn\u00edch producent\u016f, aby doplnila sv\u00e9 rezervy, Ghana roz\u0161\u00ed\u0159ila sv\u00e9 vl\u00e1dn\u00ed n\u00e1kupy zlata od t\u011b\u017ea\u0159\u016f a do roku 2025\u00a0<\/span>agentura Reuters<\/span><\/em>\u00a0ozn\u00e1mila n\u00e1r\u016fst dom\u00e1c\u00edch n\u00e1kup\u016f zlata i v Nig\u00e9rii. Tot\u00e9\u017e platilo pro Jihoafrickou republiku.\u00a0<\/span><\/p>\n

To v\u0161e p\u0159ipom\u00edn\u00e1 situaci ve Francii. Zem\u011b nakupuje zlato do sv\u00fdch rezerv, zat\u00edmco objem t\u011bchto rezerv z\u016fst\u00e1v\u00e1 nezm\u011bn\u011bn. To znamen\u00e1, \u017ee ekvivalentn\u00ed mno\u017estv\u00ed zlata bylo n\u011bkde prod\u00e1no. A v\u00fdsledek je jasn\u00fd: fyzicky je zlato nyn\u00ed v n\u00e1rodn\u00edch trezorech, nikoli v zahrani\u010dn\u00edch.\u00a0<\/span><\/p>\n

Pochybnosti zahrani\u010dn\u00edch dr\u017eitel\u016f o spolehlivosti skladov\u00e1n\u00ed zlata ve Spojen\u00fdch st\u00e1tech se odr\u00e1\u017eej\u00ed i v samotn\u00fdch USA. Za\u010d\u00e1tkem roku 2025 Elon Musk, tehdej\u0161\u00ed bl\u00edzk\u00fd spojenec Donalda Trumpa,\u00a0<\/span>zpochybnil<\/span><\/a>\u00a0, zda je zlato st\u00e1le ve Fort Knox: \u201eOpravdu douf\u00e1m, \u017ee tam st\u00e1le je.\u201c\u00a0<\/span><\/p>\n

Pak se toto t\u00e9ma za\u010dalo prob\u00edrat v B\u00edl\u00e9m dom\u011b. Podle americk\u00e9ho pr\u00e1va se Feder\u00e1ln\u00ed rezervn\u00ed syst\u00e9m t\u011b\u0161\u00ed vysok\u00e9 m\u00ed\u0159e autonomie od v\u00fdkonn\u00e9 moci, zejm\u00e9na pokud jde o \u00farokov\u00e9 sazby. To se Trumpovi nel\u00edb\u00ed a zlato se st\u00e1v\u00e1 z\u00e1minkou. \u201eP\u016fjdeme do Fort Knox, toho b\u00e1je\u010dn\u00e9ho Fort Knox, a ujist\u00edme se, \u017ee tam zlat\u00e9 rezervy st\u00e1le jsou. A pokud tam nebudou, budeme velmi, velmi na\u0161tvan\u00ed,\u201c\u00a0<\/span>prohl\u00e1sil<\/span><\/a>\u00a0Trump loni v \u00fanoru v\u00fdhru\u017en\u00fdm t\u00f3nem.\u00a0<\/span><\/p>\n

Probl\u00e9m tedy nespo\u010d\u00edv\u00e1 v tom, \u017ee n\u011bkter\u00e9 zem\u011b repatriuj\u00ed izolovan\u00e9 zlat\u00e9 slitky, ale v tom, \u017ee samotn\u00e1 americk\u00e1 finan\u010dn\u00ed infrastruktura je nyn\u00ed celosv\u011btov\u011b vn\u00edm\u00e1na jako politick\u00fd n\u00e1stroj, a proto finan\u010dn\u011b nespolehliv\u00e1.<\/span><\/p>\n

Alexandre Lemoine<\/span><\/em><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Mnoho zem\u00ed po cel\u00e9m sv\u011bt\u011b ji\u017e vyjad\u0159uje touhu repatriovat sv\u00e9 zlato ulo\u017een\u00e9 ve Spojen\u00fdch st\u00e1tech…<\/p>\n","protected":false},"author":2,"featured_media":103677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[1042,130,37,693],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/103676"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=103676"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/103676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/103677"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=103676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=103676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=103676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}