**ALERT** Poland & EU Preparing GOLD STANDARD: How it Could Affect Your Silver & Gold Price

• Polish Central Bank Buys Gold According To Secret EU Plan
  by Gainesville Coins, via https://www.zerohedge.com/
  The Polish central bank has bought roughly 300 tonnes of gold in recent years to bring its gold to GDP ratio in line with the average in the eurozone. For medium and large economies in the eurozone, to 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 that don’t know, the idea in the European Union (EU) is that eventually all countries adopt the euro and become part of the eurozone. At the time of writing the EU counts 27 countries, of which 20 form the eurozone. When the remaining 7 countries will introduce the euro is unknown.
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  Within the EU most notably Poland—but also Hungary—has been a large buyer of gold in the past years. Poland and Hungary are not yet included in the eurozone. After my publications “Europe Has Been Preparing a Global Gold Standard Since the 1970s. Part 2” and “Dutch Central Bank Admits It Has Prepared for a New Gold Standard” it’s irrefutable that there are secret agreements between nations in the eurozone to align gold reserves relative to GDP to be prepared for a new gold standard (or gold price targeting system). For Poland to be included in the euro area it has to match its gold to GDP ratio with the eurozone average.
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  On one hand, the agreements I’m referring to are secretive because some central banks in the eurozone refuse to be transparent regarding gold reserve alignment on grounds of “professional secrecy” laws (Belgium). On the other hand, some of these central banks have spontaneously stated they determine the size of their bullion holdings based on the gold to GDP ratios of large economies in close proximity (the Netherlands).
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  Of concern to our present study is Poland, eligible for eurozone inclusion, that is buying large volumes of gold which reaffirms the existence of the agreements. Not only are European central banks slowly revealing their gold strategy informally, all actions taken substantiate this policy.
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  Data Shows EU Central Bank Balance Gold to GDP Ratios
  Last month a representative of the Dutch central bank (DNB) confessed in an interview that DNB holds gold worth about 4 percent of its GDP, which it has brought in line to the positions of France, Italy, and Germany. Bear in mind, the eurozone does not control the price of gold and thus their gold to GDP ratios, but there is a desire to harmonize these ratios throughout the eurozone, as illustrated in the chart below.
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  read more.

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