{"id":1667567,"date":"2026-03-05T13:28:33","date_gmt":"2026-03-05T18:28:33","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1667567"},"modified":"2026-03-05T13:28:33","modified_gmt":"2026-03-05T18:28:33","slug":"precious-metals-plunge-as-poland-weighs-gold-sales-to-fund-defense","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/precious-metals-plunge-as-poland-weighs-gold-sales-to-fund-defense\/1667567\/","title":{"rendered":"Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Poland\u2019s central bank chief laid out a<strong> proposal to generate as much as 48 billion zloty ($13 billion) from the sale of gold reserves to finance defense spending <\/strong>as part of a plan backed by the nation\u2019s president, according to people familiar with the matter.<\/p>\n<p>Bloomberg reports that Governor Adam Glapinski outlined the proposal in a meeting with President Karol Nawrocki on Wednesday as the <strong>head of state announced he\u2019d seek an alternative to a European Union program that\u2019s opposed by the US<\/strong>.<\/p>\n<p>Nawrocki and his aides have criticized the EU\u2019s \u20ac150 billion ($174 billion) loans-for-weapons project as a costly endeavor that would jeopardize ties with Washington.<\/p>\n<p>Glapinski told the president that the National Bank of Poland could <strong>generate the profit by selling down some of its roughly 550 tons of gold reserves, which it could then buy back,<\/strong> the people said, on condition of anonymity as discussions take place behind closed doors.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm80F4_0.jpg?itok=6rKPqZe5\"><\/a><\/p>\n<p><strong>But, as Bloomberg reports, the funding initiative would face legal and political hurdles in Warsaw. <\/strong><\/p>\n<p>The central bank is prohibited from funding the government \u2014 and Prime Minister Donald Tusk is firmly committed to tapping Warsaw\u2019s \u20ac44 billion share of the Security Action for Europe program.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Thu, 03\/05\/2026 &#8211; 08:28<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/precious-metals\/precious-metals-plunge-poland-weigjs-gold-sales-fund-defense\" target=\"_blank\" class=\"\">https:\/\/www.zerohedge.com\/precious-metals\/precious-metals-plunge-poland-weigjs-gold-sales-fund-defense<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense Poland\u2019s central bank chief laid out a proposal to generate as much as 48&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1667568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1667567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1667567"}],"version-history":[{"count":1,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667567\/revisions"}],"predecessor-version":[{"id":1667587,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667567\/revisions\/1667587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1667568"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1667567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1667567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1667567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}