In a period of global financial instability, Poland has decided to invest heavily in gold, with its reserves increasing nearly threefold in 2023, reaching 515 tons, placing the country in tenth place worldwide. So far, Poland has purchased nearly 67 tons of gold in 2023, more than any other nation, and has reached a total of nearly 90 tons in 2024, surpassing China. The Polish central bank aims for 30% of its foreign reserves to be in gold, up from 24% currently, which would require the acquisition of an additional 150 tons.
The President of the Central Bank, Adam Glapiński, emphasized the importance of gold as a safe asset, considering the geopolitical threats and Poland's history, arguing that gold is not influenced by external monetary policies and strengthens confidence in the national currency.
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