Poland's Gold Rush: Aims for Top 10 Global Reserves, Buys 150 More Tonnes

• Poland's central bank plans to acquire up to 150 additional tonnes of gold, aiming to reach a total of 700 tonnes.
• This ambitious move is set to place Poland among the top 10 countries globally with the largest gold reserves.
• Governor Adam Glapiński emphasizes gold's role in enhancing national credibility, stability, and as a crisis buffer.
• Poland's gold holdings have significantly increased from just 14 tonnes in 1996 to 543 tonnes by November, accounting for 28% of total reserves.
• The central bank views gold as a unique asset, free from liability and counterparty risk, and resilient even in extreme financial scenarios.

Why It Matters: Poland is aggressively expanding its gold reserves to boost national credibility and secure a top 10 global position.