On January 14, 2013 the German Handelsblatt reported that Germany was going to repatriate it’s gold back to Germany. In all, Germany has 3,396 tons of it.
It has the most stored at the New York Federal Reserve (approximately 45%). According to the article they are only looking to repatriate a portion of it from the New York Fed but don’t specify how much. They are also looking to repatriate 11% of their gold from the Bank of France. This represents all of the gold that the Bank of France is holding now for Germany.
This is a huge move indicating that central banks no longer have faith in each other…. It will be interesting to see how much gold Germany actually gets back from the Fed and how quickly…. Stay tuned!