Russia is not the only European country buying massive amounts of gold. Poland (an EU member) just added to its gold reserves, while Hungary, in a surprise move, boosted its gold by 1000%. Got Gold? Gold prices have been slammed over the past year, nearly reaching its 2017 lows. So it may (or may not) come as a surprise that Hungary’s central bank–Hungarian National Bank–just announced that it boosted its gold reserves by 1,000%! Here are the details: Last month, the Hungarian National Bank held only 3.10 tonnes of gold. In October, Hungary’s central bank added 28.4 tonnes to their gold reserve. 31.5 tonnes from 3.10 tonnes is a 1,000% increase. Not only had Hungary maintained its reserve levels since…
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