You are here
Poland's central bank to keep acquiring gold, already claims more than the UK
Polish Central Bank Increases Gold Reserves
From Polish Radio, Warsaw
Friday, October 4, 2024
https://www.polskieradio.pl/395/7786/Artykul/3431781,polish-central-bank-increases-gold-reserves
Poland's central bank has expanded its gold reserves to 420 tonnes, making it one of the leading gold reserve holders globally, its governor said Thursday.
Adam Glapinski told reporters that the National Bank of Poland, "on behalf of all Poles, has already accumulated over 400 tonnes of gold" in its reserves.
... Dispatch continues below ...
... ADVERTISEMENT ...
Power Nickel Announces Biggest Intersection Yet, Making Major Advancements at the Lion Zone
Company Announcement
Thursday, October 3, 2024
TORONTO -- Power Nickel Inc. (TSXV: PNPN, OTCBB: PNPNF) announces the second set of assay results obtained for three more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
"With one of our best holes to date, it is becoming more evident that the Lion discovery is substantially bigger than we originally envisioned," CEO Terry Lynch said. "Taking education from the holes drilled and announced earlier this week, we went further west and much shallower and struck the zone at 118 meters. This is very encouraging for lots of reasons: size of zone, grade, depth of intersection, and the move westward."
Highlights:
PN-24-069 returned:
-- 17 meters of 0.28 g/t Au, 9.52 g/t Ag, 0.93 % Cu, 7.19 g/t Pd, 1.66 g/t Pt and 0.05% Ni, including 6 meters of 0.42 g/t Au, 19.33 g/t Ag, 0.96 % Cu, 11.68 g/t Pd, 3.69 g/t Pt, and 0.04% Ni.
-- 5 meters of 0.35 g/t Au, 7.80 g/t Ag, 1.78 % Cu, 9.69 g/t Pd, 0.74 g/t Pt, and 0.09% Ni. ...
... For the remainder of the announcement:
https://pro.ceo.ca/@newswire/power-nickel-announces-biggest-intersection-yet-major
"Specifically, we now hold 420 tonnes," Glapiński said, adding that Poland "has thus entered the exclusive club of the world's largest gold reserve holders."
He announced plans to continue purchasing gold, with the goal of reaching 20% of the country's foreign exchange reserves.
"We are aiming for 20% of our currency reserves to be in gold," Glapiński said at a news conference in Warsaw.
"Once we achieve this, we will join the ranks of the world's top economies," he predicted.
He told the media that Poland's gold reserves have now surpassed those of Britain.
The Polish central bank in November 2019 said it had brought into the country around 100 tonnes of gold from safekeeping at the Bank of England.
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, November 20-23, 2024
https://neworleansconference.com/powellgata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
