There has been a sharp increase in interest in buying gold following the recent Russian drone attack on Poland. Mennica Skarbowa has noted record interest in gold. An increasing number of Poles are choosing to invest their savings in physical precious metals, long regarded as the most reliable safeguard of capital in times of crisis. According to the Company’s forecasts, gold sales in September may exceed PLN 120 million, which would mark Mennica’s best monthly result in 2025. As emphasized by the Management Board of Mennica Skarbowa, the upward sales trend may continue in the face of growing geopolitical uncertainty and rising concerns about financial security.
Although the price of gold has broken historical records in recent months and recently reached USD 3,743 per ounce, many citizens turned to investment metal outlets and Mennica’s online store following the Russian drone attacks on Poland. Increased traffic on the website and a growing number of orders confirm that interest in gold continues to rise despite record prices. According to representatives of Mennica Skarbowa, for Poles, the security of their savings has now become more important than the price itself.
– Paradoxically, demand in Poland is growing despite record prices – gold has surpassed USD 3,600 per ounce. However, taking into account the circumstances, the trend is understandable: in times of uncertainty, capital flows into safe havens such as this precious metal. Recent events in Poland, along with the escalation of conflicts in Ukraine and the Middle East, are driving demand for gold and pushing up its valuation – admits Jarosław Żołędowski, President of the Management Board of Mennica Skarbowa, adding: – In my opinion, within just a few months we will see another milestone – the price per ounce of gold will exceed USD 4,000. I am also certain that forecasts pointing to USD 5,000 by the end of 2026 are well justified.
Currently, the strongest demand is for small and medium weights – bars ranging from 1 to 100 grams and 1-ounce bullion coins such as the Krugerrand, Vienna Philharmonic, and Canadian Maple Leaf. These products are popular because they can be easily exchanged for goods or quickly resold almost anywhere in the world. To meet the growing demand, Mennica Skarbowa has begun arranging additional shipments of bullion from Germany. Domestic supplies remain insufficient, despite KGHM having launched the production and sale of Polish gold. According to forecasts, the Company’s sales in September may exceed PLN 120 million, which would represent the best result of 2025.
– Potential clients should be aware that gold is not intended as a short-term investment. It is not a speculative instrument. Gold should be considered from at least a multi-year perspective. It is an asset that preserves the value of money over time. To illustrate: 100 years ago, in the United States, one could purchase a small farm for either one kilogram of gold or USD 1,000. Today, that same amount of gold would still secure a farm, while the cash would hardly cover the cost of a fence – notes Żołędowski.
