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Jan Nieuwenhuijs: Poland's central bank buys gold in accordance with secret EU plan

Section: Daily Dispatches

By Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Monday, December 4, 2023

The Polish central bank has bought roughly 300 tonnes of gold in recent years to bring its gold-gross national product ratio in line with the average in the eurozone. 

For medium and large economies in the eurozone, in which Poland might be included in the future, an equal monetary gold-to-GDP ratio is a covert requirement for nations to be prepared for a shift to a new gold standard. Based on these requirements I expect Poland to buy an additional 130 tonnes of gold.

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For those who don't know, the idea in the European Union is that eventually all countries will adopt the euro and become part of the eurozone. At the time of this writing the EU counts 27 countries, of which 20 form the eurozone. When the remaining seven countries will introduce the euro is unknown. ...

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