- Poland was the world’s largest sovereign Gold buyer from 2023-2025, adding 130 tons to reach a total of 700 tons in its central bank reserves.
- The price of gold has doubled in three years, significantly increasing the value of the country’s holdings and creating a potential selling opportunity.
- Central bank Governor Adam Glapinski is reportedly planning to sell 550 tons of gold to raise $13 billion to finance the nation’s defense spending amid regional conflict.
Poland’s central bank, after becoming the world’s leading gold buyer this decade, is now considering a massive sale of its reserves to finance military expansion, according to reports. The country purchased over 130 tons of the precious metal between 2023 and 2025, bringing its total reserves to 700 tons. However, the commodity’s price has doubled during that short period, boosting the value of its national holdings.
Consequently, central bank Governor Adam Glapinski has reportedly laid out a plan to sell 550 tons of gold to generate approximately $13 billion. The funds would then be invested in the defense sector to protect national interests from the ongoing Russia–Ukraine conflict. This proposal has allegedly gained the approval of President Karol Nawrocki, though the government has not officially released the plan.
The decisions are currently being made behind closed doors and would require special legislation to enact. Meanwhile, Nawrocki was asked about the plan during a press conference but did not reveal any specifics. Instead, he made a statement about Poland’s desire to purchase advanced military equipment, saying, “If we believe that American F-35 aircraft are good for the Polish armed forces and are the most technologically advanced in the world, then we could purchase them from the Polish SAFE 0% program.”
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
