Poland to Dramatically Boost Gold Reserves
The president of the National Bank of Poland just announced plans to dramatically boost his nation’s gold reserves over the coming years. Speaking at a press conference on May 10, Adam Glapiński told reporters: “We will accumulate huge [amounts of] foreign currency and gold reserves as Poland must be ready for any eventuality.”
The National Bank of Poland holds only 395 tons of gold, which equates to about 13 percent of its reserves. Yet financial analysts expect Poland to increase this figure to 20 percent in the coming months.
Gold standard: As the inflation crisis eats away at people’s purchasing power, many want to return to the gold standard. In fact, financial researcher Jan Nieuwenhuijs noted two years ago that there is evidence that European central banks have been preparing to return to the gold standard since the early 1970s.
When you divide a nation’s gross domestic product by the value of its gold reserves, Austria, Belgium, Bulgaria, Cyprus, France, Germany, Greece, Hungary, Italy, the Netherlands, Poland and Portugal have proportionally more gold than the United States. These nations have the potential to form the core of a stable currency when the paper money system inevitably collapses. Poland’s recent purchases show this is a concern.
Ancient prophecy: Only time will tell how this situation will play out, but dozens of Bible prophecies foretell the collapse of the U.S. financial system (request a free copy of The United States and Britain in Prophecy).
Ezekiel 7:14-19 prophesy a time when the world will experience the catastrophic “day of the wrath of the Lord.” Ezekiel warns that gold and silver won’t be able to buy food, so people will cast them into the streets.
Yet for the most part, neither silver nor gold has been used as currency since President Richard Nixon took America off the gold standard. Does this passage indicate America’s enemies will soon start using gold-backed currencies again?
Learn more: Read “The Greatest Heist of All Time.”
