Ed Steer on Germany wanting their gold back:
"... But, having said that, there's no question in my mind that there are big changes going on behind the scenes in the precious metals world, as the move by Germany to repatriate its gold has send shock waves through the entire financial system in general...and the world's largest central banks in particular.
"Now that Germany has made the move, it's only a matter of time...and not too much time at that...before other countries will make the same move. Then we'll find out how much gold there really is in those central bank vaults. As Bill Gross and Ambrose Evans-Pritchard said, it's obvious that the trust between the world's central bankers is starting to seriously erode...and I think that the New York Fed would be at the top of the list of least trustworthy...at least from a European perspective...and most likely other areas of the world as well. ..."