A plan by Poland’s central bank to fund the country’s defense needs through its gold reserves is a “mirage,” the finance minister has said. Central Bank Governor Adam Glapiński and the country’s president, Karol Nawrocki, unveiled a proposal in early March to rival a contested EU defense financing initiative. Poland’s central bank was one of the world’s biggest gold buyers last year, closing 2025 with around 500 tons of the precious metal. The plan to leverage Poland’s extensive gold reserves as a financing mechanism was touted as an alternative to Warsaw receiving almost €44 billion from the EU’s Security ... (full story)