Since May of this year, Poland has held more gold reserves than the entire European Central Bank. However, Poland’s efforts to build a lasting foundation for its monetary system are an anomaly compared to most European and Western nations.
Poland’s gold reserves rank 12th globally with its holding of 509.3. tonnes.
Poland bros can in to gold reserves🤣
Zestyclose_Piglet251 on
ok … many eu countries held more gold than the ecb… what are the news? …
Germany has about 3500t in Gold ….
lux_use4 on
Every central bank is hoarding gold. Recession incoming
Chaoschics on
Poland seems reading a room, gold might be the only form of reserve that doesn’t depend on U.S. or EU policy decisions, that’s real independence in uncertain times
_CatLover_ on
China has secretly been stocking absurd amounts of gold. If they place the yuan back on the gold standard the Yuan would surge in value. This could deeply weaken the US dollar’s position as global reserve currency and by extension the value of the dollar. This would have devastating effects on western economies. Add in the fact there hasn’t been a public audit of US gold reserves for over 60 years. Remember how Trump and Musk during the election talked about having a public audit, even streaming it? Yeah all that talk just quietly went away.
When China declares a gold backed yuan any country without lots of gold will be instantly fucked.
6 commenti
Since May of this year, Poland has held more gold reserves than the entire European Central Bank. However, Poland’s efforts to build a lasting foundation for its monetary system are an anomaly compared to most European and Western nations.
Poland’s gold reserves rank 12th globally with its holding of 509.3. tonnes.
Poland bros can in to gold reserves🤣
ok … many eu countries held more gold than the ecb… what are the news? …
Germany has about 3500t in Gold ….
Every central bank is hoarding gold. Recession incoming
Poland seems reading a room, gold might be the only form of reserve that doesn’t depend on U.S. or EU policy decisions, that’s real independence in uncertain times
China has secretly been stocking absurd amounts of gold. If they place the yuan back on the gold standard the Yuan would surge in value. This could deeply weaken the US dollar’s position as global reserve currency and by extension the value of the dollar. This would have devastating effects on western economies. Add in the fact there hasn’t been a public audit of US gold reserves for over 60 years. Remember how Trump and Musk during the election talked about having a public audit, even streaming it? Yeah all that talk just quietly went away.
When China declares a gold backed yuan any country without lots of gold will be instantly fucked.
For it’s size the ECB holds little gold though