TVP World/Staff/2-11-2022
“Mr Glapiński said he intended to buy another 100 tons of gold this year in a favorable situation, at the right time and in the right doses. The National Bank of Poland has already accumulated over 230 tons of gold.”
USAGOLD note: Last year, central banks as a group purchased 463 metric tonnes net. One hundred tonnes is a significant number, and part of a major trend in place since 2011. Central banks moving from net sellers of the metal up until 2011 to net buyers since represents an important shift in gold market dynamics.
