The function of gold today is completely different than it was in the past. The monetary function of the base metal has completely disappeared, but it cannot be ruled out that it will not spin again. The world will not adapt to me and evolve, so it is possible to return the gold to the sun and to my system. This information can be obtained from the BRICS countries and their new members, which could be the starting point for the creation of a new payment unit.
And it’s not just the fault of this group. Gold hoards in large so central banks around the world diversify their portfolios and gold will still play a major role here. To our great surprise, we can include the Czech National Bank among them, which under the leadership of the new governor has changed its view of ferrous metal and its large piles.
A drastic change in NB’s thinking about the transition to gold can be dated with the entry of the new governor Alee Michl into the NL in 2022, but this is more confirmed by the year 2023, when the portfolio will be golden it weighed about 19 tons. From January of the following year to the end of December increased NB gold reserves by 156 percent and it about 12 tons of the original to the multitude approx. 30.8 tons (approx. 990,000 Oz), which represented a value of approx. 2.015 billion USD, i.e. 45.17 billion crowns. However, the total value has not changed over time and has increased due to the increase in the amount of pure gold, market prices and the exchange rate of the Czech crown.
In 2023, NB thus joined the 5 central banks of the world that accumulated gold metal in the highest countries. Prove it with the record years of 2022 and 2023, when the world’s central banks accumulated 1,082 tons, then 1,037 tons of this precious metal. In total, the global reserves in Piblin are 36,700 tons and are still growing. The hunger for gold continues in 2024 (1st quarter of 2024 increase in reserves by central banks by 290 tons according to WGC).
YEAR 2024 NB HROMAD LUT METAL DLE
The fact that gold is gradually becoming a part of the NB portfolio is also proven by the continued purchases in the summer year, specifically in the first quarter, when mined to buy another approx. 4.73 tons of gold (152,000 Oz).
It is therefore possible that with these steps NB also shows a kind of direction in thinking and approach to gold, which may result in an increasing awareness of the rare metal among the inhabitants of the country. The very step that launched gold purchases through this authority is proof that NB sees value in gold, just like other banks and entities around the world. How about supporting the purchase of gold by the citizens of the country, who were reserved about gold and devoted their attention to other areas of the market.
As is generally known, the main goal of the NB is about price stability and thus about a stable financial environment and the overall proper functioning of the financial system. By gradually accumulating gold, it creates a permanent value that is proven throughout the duration of human history. This way, you can diversify your portfolio, spend more time on cards, and not be sure about that more on a daily basis.
NB also points to another important factor for access to the molten metal, namely its purchase. The bank makes a preliminary purchase, not a one-time purchase. In the end, this leads to an average price and the elimination of short-term purchases, which were in times when the price of gold reached its level. Unfortunately, it is impossible to determine the right moment when to buy and when to sell. There is no shortage of money, but regular shopping is one of the ways to secure an initial increase in wealth at affordable prices.
The fact that this authority sets the trend, buys and piles up the metal, should support the growth of demand for these real values. It is important that people will not build their treasure in the form of large bank bricks, but today there are many ways to buy and collect your own treasure, according to the possibilities of each individual. And how are they?
The most popular are the investment bullion of the Argor Heraeus company, the Wiener Philharmoniker, Maple Leaf or Kangaroo Klokan coins in grams of one ounce, but they are bad for preferences and financial monopolies.
