Home » Business » Discussion: NB bought over a ton of gold in the reserve. Good move, analysts said

Discussion: NB bought over a ton of gold in the reserve. Good move, analysts said

With the dramatic rise in the price of light metal to new historical highs, the debate over the fact that the Czech Republic has been getting rid of reserve gold at such a reversible pace since its inception in 1993. The Czech Republic and the Czech National Bank have sold the largest share of all EU reserves in the last 25 years. This follows from the current data of the International Monetary Fund.

In the last quarter of a century, the weight of Czech reserve gold fell by about 61.9 to 7.8 tons. This corresponds to a decline of 87.4 percent. Thus, the EU did not reduce the significant gold reserves in the given period. On the contrary, ten EU countries, including Denmark and Germany, increased their gold reserves in the given period. At the same time, the Czech Republic got rid of a substantial amount of its gold in the period from May 1997 to 1998, when the domestic gold reserves fell by about 85 percent.

One example for all of this is illustrated by the NB’s former sale of gold. In 1998, the other powers of the wolf worlds dissolved the Tripartite Commission for the recovery of gold looted by the Nazis. As part of the final landing, NB received about 330 kilograms of gold from this commission. She was not lazy and immediately sold them for 100 million crowns, which she almost sent to the entire budget. Due to the inflation of the then 100 million answers by about 160 million. If the NB bag sold the said gold of the looted Nazis and this year, it would bring it up to 480 million crowns, ie a tikrt so much.

Dky, dky, banks NB. Sell ​​Lacino, buy expensive …

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