{"id":114929,"date":"2026-09-04T00:18:55","date_gmt":"2026-09-03T22:18:55","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=114929"},"modified":"2026-09-03T13:24:58","modified_gmt":"2026-09-03T11:24:58","slug":"rostouci-geopoliticke-nepokoje-nizozemsko-si-hromadi-miliardy-zlata-pro-krizove-situace","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/09\/04\/rostouci-geopoliticke-nepokoje-nizozemsko-si-hromadi-miliardy-zlata-pro-krizove-situace\/","title":{"rendered":"\u201eRostouc\u00ed geopolitick\u00e9 nepokoje\u201c: Nizozemsko si hromad\u00ed miliardy zlata pro krizov\u00e9 situace"},"content":{"rendered":"
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Kdy\u017e centr\u00e1ln\u00ed banka p\u0159esouv\u00e1 miliardy dolar\u016f ze zlat\u00fdch rezerv, aby se l\u00e9pe p\u0159ipravila na v\u00e1\u017enou krizi, stoj\u00ed za to v\u011bnovat tomu velkou pozornost. P\u0159esn\u011b to Nizozemsko pr\u00e1v\u011b te\u010f d\u011bl\u00e1.<\/span><\/p>\n

Mezi b\u0159eznem a srpnem p\u0159evedla Nizozemsk\u00e1 n\u00e1rodn\u00ed banka (DNB)<\/span><\/a>\u00a0p\u0159ibli\u017en\u011b 86 tun zlata ze sv\u00fdch severoamerick\u00fdch rezerv do Lond\u00fdna. Zd\u016fvodn\u011bn\u00ed je neobvykle jasn\u00e9: s ohledem na\u00a0<\/span>\u201erostouc\u00ed geopolitick\u00e9 nepokoje\u201c<\/span><\/strong>\u00a0je nutn\u00e9 pos\u00edlit p\u0159ipravenost na krize.<\/span><\/p>\n

To neznamen\u00e1 zv\u00fd\u0161en\u00ed nizozemsk\u00fdch zlat\u00fdch rezerv. Celkem 612,4 tun z\u016fst\u00e1v\u00e1 nezm\u011bn\u011bno. M\u011bn\u00ed se v\u0161ak,\u00a0<\/span>kde a jak rychle je zlato v p\u0159\u00edpad\u011b nouze k dispozici<\/span><\/strong>\u00a0.<\/span><\/p>\n

Lond\u00fdn je pova\u017eov\u00e1n za nejd\u016fle\u017eit\u011bj\u0161\u00ed obchodn\u00ed centrum pro fyzick\u00e9 zlato. Kov, kter\u00fd je tam ulo\u017een, lze v krizi pou\u017e\u00edt nebo s n\u00edm obchodovat rychleji ne\u017e s kovy v New Yorku nebo Ottaw\u011b,\u00a0<\/span>vysv\u011btluje<\/span><\/a>\u00a0Nizozemsk\u00e1 n\u00e1rodn\u00ed banka (DNB). Pod\u00edl nizozemsk\u00e9ho zlata v Lond\u00fdn\u011b se proto zvy\u0161uje z 18,1 na 32,1 procenta, zat\u00edmco pod\u00edl New Yorku kles\u00e1 z 31,3 na 18,5 procenta.<\/span><\/p>\n

Slovn\u00ed slo\u017een\u00ed centr\u00e1ln\u00ed banky je pozoruhodn\u00e9. Zlato je\u00a0<\/span>\u201ekone\u010dn\u00fdm rezervn\u00edm aktivem\u201c,<\/span><\/strong>\u00a0proto\u017ee je vhodn\u00e9 k zaji\u0161t\u011bn\u00ed proti\u00a0<\/span>\u201eextr\u00e9mn\u00edm syst\u00e9mov\u00fdm rizik\u016fm\u201c<\/span><\/strong>\u00a0.<\/span><\/p>\n

Co o\u010dek\u00e1v\u00e1 evropsk\u00e1 centr\u00e1ln\u00ed banka, kdy\u017e se najednou chce l\u00e9pe chr\u00e1nit p\u0159ed takov\u00fdmi riziky?<\/span><\/p>\n

DNB neuv\u00e1d\u00ed \u017e\u00e1dnou jednotlivou bezprost\u0159edn\u00ed ud\u00e1lost jako d\u016fvod pro p\u0159esun ke zlatu. Bylo by proto chybou tvrdit, \u017ee Amsterdam ji\u017e v\u00ed, \u017ee v\u00e1lka nebo finan\u010dn\u00ed krach jsou na spadnut\u00ed. Mo\u017en\u00e9 sc\u00e9n\u00e1\u0159e, kter\u00e9 centr\u00e1ln\u00ed banka zva\u017euje, v\u0161ak nejsou v\u016fbec ne\u0161kodn\u00e9.<\/span><\/p>\n

V \u00fanoru DNB ozn\u00e1mila, \u017ee systematicky p\u0159ezkoumala svou odolnost v\u016f\u010di geopolitick\u00fdm rizik\u016fm. P\u0159ezkum se zab\u00fdval kybernetick\u00fdmi \u00fatoky, naru\u0161en\u00edm dodavatelsk\u00fdch \u0159et\u011bzc\u016f, 72hodinov\u00fdmi v\u00fdpadky proudu a v\u00fdslovn\u011b\u00a0<\/span>\u201eekonomickou a fyzickou v\u00e1lkou<\/span><\/strong>\u00a0\u201c .<\/span><\/p>\n

V tomto kontextu nab\u00fdv\u00e1 posun ke zlatu jin\u00fd v\u00fdznam.<\/span><\/p>\n

Evropa z\u016fst\u00e1v\u00e1 v nebezpe\u010dn\u00e9 konfrontaci s Ruskem. Pokud by se v\u00e1lka na Ukrajin\u011b d\u00e1le eskalovala a st\u00e1ty NATO by se do n\u00ed v\u00edce zapojily, finan\u010dn\u00ed trhy, dod\u00e1vky energie, infrastruktura a p\u0159eshrani\u010dn\u00ed platebn\u00ed toky by se mohly dostat pod zna\u010dn\u00fd tlak.<\/span><\/p>\n

Z\u00e1rove\u0148 se Bl\u00edzk\u00fd v\u00fdchod ji\u017e d\u00e1vno stal dal\u0161\u00edm faktorem ekonomick\u00e9ho rizika. Sama nizozemsk\u00e1 centr\u00e1ln\u00ed banka varovala, \u017ee dlouhodob\u00e1 eskalace v t\u00e9to oblasti by mohla vyvolat n\u00e1r\u016fst cen energi\u00ed, zpomalit hospod\u00e1\u0159sk\u00fd r\u016fst a znovu rozpoutat inflaci.<\/span><\/p>\n

Pro Nizozemsko dokonce DNB vypo\u010d\u00edtala, co by mohla znamenat dlouhodob\u00e1 obdob\u00ed vysok\u00fdch cen energi\u00ed. V nejhor\u0161\u00edm p\u0159\u00edpad\u011b by inflace mohla v roce 2027 vzr\u016fst na\u00a0<\/span>4,6 procenta.<\/span><\/strong>\u00a0Mo\u017enou reakc\u00ed Evropsk\u00e9 centr\u00e1ln\u00ed banky by bylo dal\u0161\u00ed zv\u00fd\u0161en\u00ed \u00farokov\u00fdch sazeb \u2013 s odpov\u00eddaj\u00edc\u00edmi d\u016fsledky pro podniky, nemovitosti, vl\u00e1dn\u00ed rozpo\u010dty a soukrom\u00e9 dlu\u017en\u00edky.<\/span><\/p>\n

Mezi faktory pat\u0159\u00ed tak\u00e9 kybernetick\u00e9 \u00fatoky a hybridn\u00ed v\u00e1lka. Finan\u010dn\u00ed syst\u00e9my, dod\u00e1vky energie a digit\u00e1ln\u00ed infrastruktura pat\u0159\u00ed mezi oblasti obzvl\u00e1\u0161t\u011b zraniteln\u00e9 v geopolitick\u00e9 konfrontaci. Nizozemsk\u00e1 centr\u00e1ln\u00ed banka p\u0159ed t\u00edm tak\u00e9 v\u00fdslovn\u011b varuje.<\/span><\/p>\n

A pr\u00e1v\u011b zde je z\u0159ejm\u00e9, pro\u010d zlato hraje v dob\u00e1ch krize zvl\u00e1\u0161tn\u00ed roli.<\/span><\/p>\n

Zlato nen\u00ed pohled\u00e1vkou v\u016f\u010di bance, spole\u010dnosti ani st\u00e1tu. Nem\u016f\u017ee se st\u00e1t bezcenn\u00fdm v d\u016fsledku platebn\u00ed neschopnosti dlu\u017en\u00edka. V p\u0159\u00edpad\u011b v\u00e1\u017en\u00e9 krize d\u016fv\u011bry, m\u011bny nebo financ\u00ed z\u016fst\u00e1v\u00e1 aktivem, s n\u00edm\u017e lze mezin\u00e1rodn\u011b obchodovat a kter\u00e9 lze pou\u017e\u00edt ke zv\u00fd\u0161en\u00ed likvidity.<\/span><\/p>\n

Skute\u010dnost, \u017ee Nizozemsko nyn\u00ed umis\u0165uje sv\u00e9 zlat\u00e9 rezervy tak, aby byly v p\u0159\u00edpad\u011b nouze snadn\u011bji dostupn\u00e9, neznamen\u00e1, \u017ee z\u00edtra dojde k velk\u00e9mu kolapsu.<\/span><\/p>\n

Ale jist\u011b to znamen\u00e1, \u017ee jedna z nejd\u016fle\u017eit\u011bj\u0161\u00edch evropsk\u00fdch centr\u00e1ln\u00edch bank bere mo\u017enost z\u00e1va\u017en\u00fdch geopolitick\u00fdch a syst\u00e9mov\u00fdch kriz\u00ed natolik v\u00e1\u017en\u011b, aby si odpov\u00eddaj\u00edc\u00edm zp\u016fsobem p\u0159ipravila svou nejcenn\u011bj\u0161\u00ed rezervu.<\/span><\/p>\n

Prezident DNB Olaf Sleijpen to shrnuje dokonale: P\u0159edpokl\u00e1daj\u00ed, \u017ee zlato nikdy nebudou muset pou\u017e\u00edt \u2013 nicm\u00e9n\u011b mus\u00ed\u00a0<\/span>\u201epos\u00edlit odolnost a p\u0159ipravenost<\/span><\/strong>\u00a0\u201c. Toto je klasick\u00e1 krizov\u00e1 p\u0159ipravenost: Ne\u010dekaj\u00ed, a\u017e krize ude\u0159\u00ed, aby jednali.<\/span><\/p>\n

Zat\u00edmco ve\u0159ejnost je i nad\u00e1le vedena k v\u00ed\u0159e ve stabilitu, instituce, kter\u00e9 finan\u010dn\u00ed syst\u00e9m znaj\u00ed nejl\u00e9pe, se ji\u017e p\u0159ipravuj\u00ed na doby, kdy stabilita ji\u017e nemus\u00ed b\u00fdt samoz\u0159ejmost\u00ed.<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n

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Zdroj<\/span><\/a><\/span><\/h3>\n

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Kdy\u017e centr\u00e1ln\u00ed banka p\u0159esouv\u00e1 miliardy dolar\u016f ze zlat\u00fdch rezerv, aby se l\u00e9pe p\u0159ipravila na v\u00e1\u017enou…<\/p>\n","protected":false},"author":2,"featured_media":114930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[3227,781,693],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/114929"}],"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=114929"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/114929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/114930"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=114929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=114929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=114929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}