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Last year's top central bank buyer of gold may now turn into a seller
Adam Glapinski, the governor of Narodowy Bank Polski, has set out a proposal to generate up to 48 billion zloty ($13 billion) from selling the bank's gold reserves to fund defense spending, according to a Bloomberg report. The head of the Warsaw-headquartered bank laid out the proposal as an alternative to the European Union's EUR150 billion Security Action for Europe program when he met with President Karol Nawrocki on Wednesday, the report said. Per the Bloomberg report, Glapinski told Nawrocki that the Polish central bank could generate some of the money needed to fund defense by selling some of its approximate ... (full story)
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- Mar 5, 2026 10:50am Posted byFundamental Analysis262
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