A country wants to buy 100 tonnes of gold … what are you going to do with it?



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The governor of the Polish central bank said in a press interview released on Monday that the bank wanted to buy at least 100 tonnes of gold, worth $ 5.5 billion at current prices, while continuing to increase its reserves of precious metal.

“At the moment we have 229 tonnes of gold, about half of which was purchased while I was in office,” added Glabinski.

“In the next few years we want to buy at least 100 more tonnes of gold and also keep them in Poland,” he said.

Over the past decade, central banks, especially in Eastern Europe, the Middle East and Asia, have increased their purchases of gold, often viewing this as a way to reduce dependence on gold. screw assets such as the US dollar.

Gold was trading at around $ 1,730 an ounce that day.

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