In early July, BullionStar covered the notable news from Poland’s central bank, that it had boosted its monetary gold reserves to 228.6 tonnes by buying 125.7 tonnes over the 2018-2019 period, with a staggering 100 tonnes of this total purchased at the Bank of England in London during the first half of 2019.
Not only that, but as part of its announcement, the central bank, National Bank of Poland (NBP), also stated that following its new gold accumulation, it was planning to repatriate (or bring back) about 100 tonnes of this gold from London to the NBP Treasury in Warsaw. This was also, according to the NBP, after Polish central bank employees had inspected the Polish gold and its storage arrangements at the Bank of England in June of this year. See
“Poland joins Hungary with Huge Gold Purchase and Repatriation” for details.
Hmmmm, interesting times.....