🪙The National Bank of Poland (NBP) has approved a plan to purchase up to 150 tons of additional gold, aiming to increase its total holdings to 700 tons. #PAXG 💥
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⚡This strategic move, driven by a desire to boost national financial security amidst geopolitical instability, positions Poland as a top 10 global holder of gold. The bank continues a major buying spree, aiming to increase reserves regardless of high market prices.
This move reflects a long-term strategy rather than a short-term trade, focusing on building a robust, secure portfolio.
Upon completion, this purchase will move Poland among the top 10 countries with the largest gold reserves in the world.
The bank's management board, led by Governor Adam Glapinski, has not set a strict deadline for reaching this 700-ton target, allowing for flexibility in purchasing.