Poland Brings Gold Home; Calls It a Symbol of Strength

Not comfortable holding its growing reserves in London

Poland has repatriated 100 tons of gold from England. National Bank of Poland Governor Adam Glapiński announced the yellow metal’s return home on Monday.

“The gold symbolizes the strength of the country,” Glapiński told reporters.

He noted that the country could generate multi-million dollar profits if it sold its gold reserves, although there are no plans to do so.

Glapiński said the Polish central bank will continue to bring its precious metal home if the “reserve situation is favorable.”

Poland has also been aggressively increasing its gold reserves. The National Bank of Poland added 100 tons of the yellow metal to its hoard through the first half of 2019. In a statement announcing the plans earlier this year, Glapiński said he was “proud” of the moves.

We managed to increase the strategic reserves of gold and take steps to repatriate a large part of Polish gold to the country. By implementing our constitutional, statutory and simply patriotic commitment, we not only build the economic strength of the Polish state, but also create reserves that will safeguard its financial security. This is the global trend, but also the expectation of Polish society.”

Poland began accumulating gold last year when it added 7 tons of the yellow metal to its reserves in June and another 3 tons in August. At the time, it was the largest gold purchase by Poland since 1998, and it was the first EU country to add a significant amount of gold to its reserves since 1983. It bought another 15.7 tons through the final months of 2018 and 100 tons through the first half of this year. That brought the country’s total reserves to 228.6 tons, according to the NBP statement.

Gold is the ‘most reserve’ of reserve assets: it diversifies the geopolitical risk and is a kind of anchor of trust, especially in times of tension and crises.”

Poland now ranks as the 22nd-biggest holder of bullion in the world.

Poland joins a number of other Eastern European nations in buying gold. Serbia added 9 tons of gold to its reserves in October, and late last year, the Hungarian central bank announced it boosted its gold reserves 10-fold. 

A number of countries have also repatriated some or all of their gold reserves over the last several years, most recently Hungary and Romania. In the summer of 2017, Germany completed a project to bring half of its gold reserves back inside its borders. The country moved some $31 billion worth of the yellow metal back to Germany from vaults in England, France and the US. In 2015, Australia launched efforts to bring half of its reserves home. The Netherlands and Belgium also launched repatriation programs. Even the state of Texas has put a plan in place to bring its gold within state borders.

Gold repatriation underscores the importance of holding physical gold where you can easily access it. Gold-backed exchange-traded funds (ETFs) and “paper gold” have their place. But true security and stability come from physical possession of precious metals. If you can’t hold it in your hand, you don’t really possess it. That’s exactly why these countries are bringing their gold home, safe within their own vaults.

report by Bullion Star noted that “Although the official language in the press release is diplomatic, the NBP makes it clear that there is a real risk to holding its gold in London.” According to the report, England’s “brazen” confiscation of Venezuela’s gold may have increased unease about holding gold abroad.

Source: SchiffGold.com

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Jozo Magoc
Jozo Magoc
3 months ago

City of London,aka in Canary Wharf(= Serpent Port), is another Rat-child money-laundering colony,located in the female grotto shaped river-bend on the Thames river…The ‘ Ever Wandering jew’ likes a such places reminding him the smelly hole he came out from as all of us did-therefore he is not ” chosen one,nor Godly one”…
Another a such place is ‘ Big Apple= Jew Yoke City’ located on the Manhattan island, a local,zionist copy of Mesopotamia= Datk Cleft= Eden/ Paradise” in Milky Way( Genesis 2:8-14), where the biblical Eve( Chavah/ Havah) got her ” HAIRY APPLE” to Adam,to conceive…
The heavily judaised England has its own ” mythical” Avalon= Apple island, with Glastonbury as its spiritual Womb…
But it is the Russian Two headed eagle, having a tight grip in its talons on the ” golden APPLE” and ” golden SWORD”, with St.George-the Dragon Slayer on the White( Christ) horse of Apocalypse-at the centre of the Dual eagle- slaying the great United Snakes-USAtan!!! And I give the
” secret” date from the 9/11 oficial,zionist Database(= al Kaida): 2033 CE, or, 5,793 A.M.( Anno Magnus-Great Year)!!!!!!!!!!

Jozo Magoc
Jozo Magoc
3 months ago
Reply to  Jozo Magoc

The reason, why is there nearby the demolished Twin Towers, the ” Un-federal Gold Vault” on Liberty Street 33, in accodance with the GOLD of Genesis 2:8-14, being in the Black hole-CygnusX1 located in the heavenly,Milky Way grotto…Up to 2033 shall be all GOLD long gone from Liberty Street 33, stolen by the zionist megabanksters-all in ” mythical Black hole”…
Therefore, never trust to any ” Stein”, from any Einstein to any GOLDstein”!!!!

Jozo Magoc
Jozo Magoc
3 months ago
Reply to  Jozo Magoc

Who do not believe,please,check up this bestseller of August 2018: The Cygnus Key-Andrew Collins,Amazon.com,price: 25£….

Jozo Magoc
Jozo Magoc
3 months ago
Reply to  Jozo Magoc

Ama-ruca/ America= is the Plumed Serpent Land, Wikipedia!!! Ama- ruca- the Motherly rich coast/ land/ continent-the serpent jews had re- colonised after voyages of jew Cristoforo Colombo to America…As their ” Motherly land of their Serpent cultures” of Mesoamerica…Ama- ruca continent with the shape of FEMALE BODY, with the solar , serpent worshping Inças( of Açni) settling in her grotto, around the lake of Titi-caca( two holes in that female grotto) shaped part of South America…
In the ancient Egypt( Tav-meri), they worshipped the Milky Way( Meri- yam/ Miriam) as female bent over the sky arch,Nut, or, Ha-thor, and Isis…
In the Seroent/ Dragon cultures of Mesoamerica, they saw Milky Way as Plumed Serpent and Dragon!
Only this,Native American( ” Indian”) group are the oure SEMITES, so are their SEMITIC LANGUAGES, of the Naguatl group( Naga= Cobra serpent), represented by biblical Shem…Ham/ Cham represents people of Africa, and Japhet,peoplemof Eurasia!
Jesus,the Christ knew it, and correctly called them as SERPENT PEOPLE, whose father is the devil,satan( in Cain’s line)…

Jozo Magoc
Jozo Magoc
3 months ago
Reply to  Jozo Magoc

And the satanic zionists took over the United States ( today it is annexed by Israhell), and as the warmongering Aztecs,constantly fight wars and build their own PYRAMIDS OF SKULLS & BONES, with a such yiddish lodge at Yale, for Y-fork symbolises the female grotto,meanwhile Hard-ward is phallic lodge of ” Illuminated” zionist pricks!( In Great B’nai B’rith-ain, it is Cam- bridge and Ox-ford with emptied balls of Bull)…

Jozo Magoc
Jozo Magoc
3 months ago

ADVICE TO THE READERS: Listen to excellent,Christian blog: Trunews.com ….

Peter Five-Oh
Peter Five-Oh
3 months ago

Britain shows it’s respect for the rule of law by confiscating Venezuela’s gold and pirating an Iranian oil tanker on the high seas.

CHUCKMAN
3 months ago
Reply to  Peter Five-Oh

Absolutely.

What’s rule of law when you have instructions from a country above everyone else’s laws, the United States?

It’s just part of the “special relationship.”

Jozo Magoc
Jozo Magoc
3 months ago
Reply to  CHUCKMAN

Perhaps,the United Snakes is still only the ‘ Crown Colony’ and the Rat- child Serpent Port( City of London) calls the shots!??

Jozo Magoc
Jozo Magoc
3 months ago
Reply to  Peter Five-Oh

And torturing Julian Assange in Belmarsh prison,plus,storming his visitors and supporters,like Pamela Anderson!!! Welcome to JUDAISED Great B’nai B’erith-ain..

Aurum Cimex
Aurum Cimex
3 months ago

Very wise. If you don’t hold it you don’t own it, especially when the ultra corrupt bankers in London have their greasy paws on it.

Anti-Empire