Poland had 100,000 tonnes of Gold back in its vault. At the same time are Slovakia, Hungary, and Serbia bringing its Gold home.
The eastern European gold holdings are still small compared to Russia and China. But there is something changing.
So why are these former communistic countries rushing towards Gold?
One of the reasons they are doing this is the fact that you can be betrayed in the world. With the importance of Gold for a financial system, it is important to have access to it.
Poland got his Gold back from the UK.
The most interesting move comes from Serbia. Serbia said it is to protect its currency against the crisis we are heading to.
When a head of state says this, as they did, it is shocking. It is no surprise to me.