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Poland's central bank claims to have more gold than European Central Bank
But please watch out, friends. Most of the Polish gold is said to be vaulted with you-know-who in London and New York. It might be more secure in Haiti or Sudan.
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From Notes from Poland, Krakow
Friday, May 9, 2025
The National Bank of Poland now holds 509.3 tonnes of gold, exceeding the reserves of the European Central Bank, says bank Governor Adam Glapinski says.
"This shows the stability, abundance, and solvency of the Polish economy," Glapiński told reporters during a press conference. He sees gold as a shield against global instability and a cornerstone of economic sovereignty.
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Gold now accounts for 22% of the Polish central bank's total reserves, above the bank's 20% target, according to Glapinski, who notes that the bank's holdings are now greater than the 506.5 tonnes of gold held by the ECB, which sets monetary policy for the Eurozone and the European Union. ...
About 20% of the National Bank of Poland's gold is stored in Poland itself, with the remainder deposited in New York and London. Glapinski said the bank aims to hold one-third of its gold in each of the three locations for security purposes. ...
... For the remainder of the report:
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