Poland Now Has More Gold Reserves Than The UK

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NBP head Glapiński made sure to note Poland’s credibility and solvency, even with a war going on next door

Adam Glapiński, president of the National Bank of Poland, announced at a press conference on Thursday that “on behalf of all Poles,” the bank now has 420 tons of gold, making it part of the “exclusive club of the largest holders of gold reserves in the world,” reports Do Rzeczy.

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Glapiński also commended the manner in which the gold was purchased, in particular the prices the gold was purchased at.

“We managed to do it very successfully,“ he said, adding that the National Bank of Poland earned or saved several dozen billion złoty during its accumulation. Nortably, the previous conservative government of Law and Justice (PiS) embarked on a massive gold buying spree while it was in power, which accounts for a significant chunk of the overall gold reserve stocks.

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