🥇Commodities
Gold, silver, oil or uranium — why commodities move, how they tie to rates, inflation and the dollar, and the role they have historically played in a portfolio.
Commodities — overview
Commodities — gold, silver, oil, gas, uranium or agricultural crops — are a separate asset class that behaves differently from stocks. Their prices are driven by real-economy supply and demand, geopolitics and macro variables. Gold has historically been seen as a store of value in uncertainty and a hedge against inflation; oil reacts to global growth and production policy; industrial metals reflect manufacturing strength. This different behavior makes commodities a diversification tool — in periods when stocks fall, some commodities may behave differently. Commodities are closely tied to interest rates, inflation and the dollar. A strong dollar usually pushes commodity prices down (because they trade in dollars), while inflation often benefits commodities. You can invest in various ways — via an ETF tracking a commodity or basket, via miner and producer stocks, or via futures (which carry specific risks like contango and rolling). Each route has a different cost and risk profile. This section explains why commodities move, how they tie to rates, inflation and the dollar, and the role they have historically played in a portfolio. Commodities pay no dividend or interest and can be very volatile — this is educational content, not investment advice.
Commodities articles
Proč cena ropy hýbe celým trhem — od nádrže po marže firem
Ropa není jen palivo do auta — je to cenovka na dopravu, chemii, hnojiva i vaše měsíční výdaje. Když se pohne barel, hne se skoro všechno.
Zlato je zase na očích. Cena za unci je jen začátek příběhu
Řada finančních médií dnes vedle sebe sleduje cenu zlata, bitcoinu, etherea i ropy. Pro investora je ale důležitější otázka: co přesně od zlata čeká — pojistku, spekulaci, diverzifikaci, nebo jen dobrý pocit?