{"id":1282,"date":"2020-08-18T13:53:03","date_gmt":"2020-08-18T11:53:03","guid":{"rendered":"https:\/\/www.investguru.cz\/cs\/?p=1282"},"modified":"2020-08-18T13:57:31","modified_gmt":"2020-08-18T11:57:31","slug":"zlato-na-maximech","status":"publish","type":"post","link":"https:\/\/www.investguru.cz\/cs\/zlato-na-maximech\/","title":{"rendered":"Zlato na maximech &#8211; jak se postavit k investici do n\u011bj"},"content":{"rendered":"<p>Cena zlata st\u00e1le roste a p\u0159ehouplo se p\u0159es 2000 $ za unci. Mo\u017en\u00e1 V\u00e1s zaj\u00edm\u00e1, jak to s n\u00edm bude d\u00e1l.<\/p>\n<p>N\u011bkte\u0159\u00ed odborn\u00edci odhaduj\u00ed, \u017ee se dostane a\u017e k 8 tis\u00edc\u016fm dolar\u016f za unci. To je 4x tolik ne\u017e stoj\u00ed dnes.<\/p>\n<p>Co v\u016fbec \u017eene cenu zlata?<br \/>\nNen\u00ed to bublina, kter\u00e1 splaskne?<br \/>\nM\u00e1 smysl nakupovat zlato je\u0161t\u011b te\u010f?<\/p>\n<p>Na z\u00e1klad\u011b sv\u00fdch 25 let\u00fdch zku\u0161enost\u00ed m\u00e1m pro V\u00e1s n\u00e1sleduj\u00edc\u00ed odpov\u011b\u010f:<\/p>\n<h2>Zlato m\u00e1 ide\u00e1ln\u00ed podhoub\u00ed<\/h2>\n<p>Pro r\u016fst ceny zlata jsou v sou\u010dasn\u00e9 dob\u011b optim\u00e1ln\u00ed podm\u00ednky.<\/p>\n<p>Pr\u016fb\u011b\u017en\u00e1 v\u00fdnosnost v\u011bt\u0161iny tradi\u010dn\u00edch \u201ev\u00fdnosov\u00fdch\u201c aktiv (tedy t\u011bch, kter\u00e1 generuj\u00ed p\u0159\u00edjem) klesla na velmi n\u00edzk\u00e9 hodnoty, kter\u00e9 zpravidla zdaleka nepokr\u00fdvaj\u00ed inflaci.<\/p>\n<p>N\u00edzk\u00fd v\u00fdnos vid\u00edme zejm\u00e9na u konzervativn\u00edch investic. Nap\u0159\u00edklad dluhopisy s vy\u0161\u0161\u00edm ratingem. Jejich re\u00e1ln\u00e1 v\u00fdnosnost (tedy v\u00fdnos po ode\u010dten\u00ed inflace) je \u010dasto z\u00e1porn\u00e1. N\u011bkde jsou dokonce i samotn\u00e9 \u00faroky z\u00e1porn\u00e9.<\/p>\n<p>Takov\u00e1 situace je \u017eivnou p\u016fdou pro spekulace, kde investor spol\u00e9h\u00e1 na n\u00e1r\u016fst hodnoty v \u010dase. \u010cek\u00e1 na toho, kdo od n\u011bj jeho aktivum koup\u00ed dr\u00e1\u017e.<\/p>\n<p>Chytr\u00fd spekulant ale nakupuje za n\u00edzk\u00e9 ceny, ne kdy\u017e se m\u00e9dia p\u0159edh\u00e1n\u00ed v tom, kdo nap\u00ed\u0161e emo\u010dn\u011bji nabit\u00fd titulek.<\/p>\n<p>Zlatu (ale i jin\u00fdm podobn\u00fdm spekulac\u00edm) tak\u00e9 nahr\u00e1v\u00e1 fakt celkov\u00e9 obecn\u00e9 nejistoty spojen\u00e9 s d\u016fsledky \u0159\u00e1d\u011bn\u00ed koronaviru a t\u00edm i celkov\u011b vy\u0161\u0161\u00ed nejistota progn\u00f3z ohledn\u011b budouc\u00edch v\u00fdnos\u016f tradi\u010dn\u00edch aktiv.<\/p>\n<h2>Zlato nen\u00ed p\u0159\u00edli\u0161 v\u00fdnosn\u00e9<\/h2>\n<p>Na druhou stranu, historicky zlato p\u0159\u00edli\u0161 v\u00fdnosn\u00e9 nen\u00ed. Prodejci zlata \u010dasto ukazuj\u00ed n\u00e1sleduj\u00edc\u00ed graf a naz\u00fdvaj\u00ed zlato \u201eudr\u017eitel hodnoty\u201c.<\/p>\n<figure id=\"attachment_1284\" aria-describedby=\"caption-attachment-1284\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1284 size-full\" src=\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-1.png\" alt=\"\" width=\"800\" height=\"500\" srcset=\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-1.png 800w, https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-1-300x188.png 300w, https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-1-768x480.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-1284\" class=\"wp-caption-text\">Graf v\u00fdvoje cena zlata od roku 1915<\/figcaption><\/figure>\n<p>Kdy\u017e se ale pod\u00edv\u00e1te na stejn\u00fd graf <strong>se zapo\u010dten\u00edm inflace<\/strong>, m\u016f\u017eete si v\u0161imnout prudk\u00fdch zm\u011bn ceny.\u00a0(zdroj <a href=\"https:\/\/www.macrotrends.net\/1333\/historical-gold-prices-100-year-chart\" data-cke-saved-href=\"https:\/\/www.macrotrends.net\/1333\/historical-gold-prices-100-year-chart\">Macrotrends<\/a>).<\/p>\n<figure id=\"attachment_1283\" aria-describedby=\"caption-attachment-1283\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1283 size-full\" src=\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-2.png\" alt=\"\" width=\"800\" height=\"506\" srcset=\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-2.png 800w, https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-2-300x190.png 300w, https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2020\/08\/zlato-2-768x486.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-1283\" class=\"wp-caption-text\">Graf v\u00fdvoje cena zlata od roku 1915 <strong>se zapo\u010dten\u00edm inflace<\/strong><\/figcaption><\/figure>\n<p>Cena \u017elut\u00e9ho kovu m\u016f\u017ee je\u0161t\u011b v\u00fdznamn\u011b vyr\u016fst. Graf n\u00e1m \u0159\u00edk\u00e1, \u017ee m\u016f\u017ee stejn\u011b rychle klesnout.\u00a0Dokonce je pravd\u011bpodobn\u00e9, \u017ee i pod sou\u010dasnou cenovou \u00farove\u0148.<\/p>\n<h2>Jde to i bez zlata<\/h2>\n<p>Ve sv\u00e9m portfoliu se bez zlata m\u016f\u017eete velmi dob\u0159e obej\u00edt. Funguje toti\u017e jen za ur\u010dit\u00fdch podm\u00ednek a ty mohou nebo tak\u00e9 nemus\u00ed nastat.<\/p>\n<p>My s klienty investujeme do aktiv (akcie, dluhopisy), kter\u00e9 nesou pr\u016fb\u011b\u017en\u00fd v\u00fdnos. Proto\u017ee zlato pr\u016fb\u011b\u017en\u00fd v\u00fdnos nenese, tak pro \u00fasp\u011b\u0161nou <del>investici<\/del> spekulaci na zlat\u011b je nutn\u00e9 n\u00e1kup i prodej dob\u0159e na\u010dasovat.<\/p>\n<p>Dal\u0161\u00edm\u00a0argumentem do diskuze m\u016f\u017ee b\u00fdt i n\u00e1sleduj\u00edc\u00ed \u010dl\u00e1nek na\u0161eho senior analytika Petra Syrov\u00e9ho&#8230;<\/p>\n<p><a href=\"https:\/\/www.investguru.cz\/cs\/zlato-versus-akcie\/\" data-cke-saved-href=\"https:\/\/www.investguru.cz\/cs\/zlato-versus-akcie\/\">Zlato versus akcie \u2013 co bylo v\u00fdnosn\u011bj\u0161\u00ed a co rizikov\u011bj\u0161\u00ed?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cena zlata st\u00e1le roste a p\u0159ehoupla se p\u0159es 2000 $ za unci. Investovat nebo ne?<\/p>\n","protected":false},"author":7,"featured_media":1286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[6],"class_list":["post-1282","post","type-post","status-publish","format-standard","has-post-thumbnail","category-clanky","tag-zlato","entry"],"_links":{"self":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/comments?post=1282"}],"version-history":[{"count":2,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1282\/revisions"}],"predecessor-version":[{"id":1288,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1282\/revisions\/1288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media\/1286"}],"wp:attachment":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media?parent=1282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/categories?post=1282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/tags?post=1282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}