IIRC, A German court issued an order to the Bundesbank that Germany's gold bullion (including those held in foreign vaults) be audited. The access granted to th

IIRC, A German court issued an order to the Bundesbank that Germany's gold bullion (including those held in foreign vaults) be audited. The access granted to the German auditors by they FRBNY wasn't satisfactory to the German authorities, and as a result the Germans decided to begin repatriation of a large portion of their gold (~300 tonnes, I think). A deal was struck to return the gold in batches over the next 7 years. I don't think there has been any conclusive proof of shady things, but of course there is a lot of speculation regarding the motives and facts surrounding the issue. Some links in case you're curious: http://www.spiegel.de/international/germany/debate-breaks-out-in-germany-over-foreign-gold-reserves-a-833289.html http://www.spiegel.de/international/germany/debate-breaks-ou... http://www.spiegel.de/wirtschaft/soziales/rechnungshof-fordert-bundesbank-zur-inventur-der-goldreserven-auf-a-862719.html http://www.spiegel.de/wirtschaft/soziales/rechnungshof-forde... http://www.spiegel.de/international/germany/german-politicians-demand-to-see-gold-in-us-federal-reserve-a-864068.html http://www.spiegel.de/international/germany/german-politicia... http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9804444/Bundesbank-to-pull-gold-from-New-York-and-Paris-in-watershed-moment.html http://www.telegraph.co.uk/finance/personalfinance/investing...