In this report, from London on Tuesday, July 9th, 2019 I look at a recent story about the National Bank of Poland and how it has doubled its gold reserves from around 100 tonnes to just over 200 tonnes in the first six months of this year.
The interesting part about this development is that all Poland's gold reserves are now at the Bank of England in London but the Polish Central Bank does plan to repatriate about half of it back to Warsaw. I personally would repatriate all the gold from the Bank of England.
I go back in history to show how the Bank of England has actually helped institutions like the BIS and the Reichsbank (Nazi Central Bank) actually steal gold from another sovereign nation. More recently the Old Lady of Threadneedle Street has also frozen Venezuela's gold holdings.
My conclusion is that many of the Central Banks who keep their gold with the Bank of England do it in order to perpetuate the Fiat Currency Ponzi scheme as the gold kept at the BoE's vault is used as collateral by the LBMA bullion banks in order to hypothecate the paper market and keep the gold price suppressed. This is a dangerous strategy as the old saying goes, possession is 90% of the law!
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"Poland joins Hungary with Huge Gold Purchase and Repatriation":
https://www.zerohedge.com/news/2019-07-08/poland-joins-hungary-huge-gold-purchase-and-repatriation
"Maduro Stymied in Bid to Pull $1.2 Billion of Gold From U.K.": https://www.bloomberg.com/news/articles/2019-01-25/u-k-said-to-deny-maduro-s-bid-to-pull-1-2-billion-of-gold
