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<p>[QUOTE=&quot;goldmark, post: 1559687, member: 38168&quot;]This article doesn&#039;t give the full picture either, the circles involved here are a bit more diverse. The German Bundesbank was pressured on further controlling and auditing the gold reserves stored at foreign central banks, and seems now to be willing to somewhat comply by transporting 50 tonnes of gold from the New York Fed branch to Germany to be melted/weighted and controlled for purity. </p><p><br /></p><p>The gold reserves stored on domestic territory is audited every year by counting the bars and checking against inventory listings, the same procedure isn&#039;t done with the extraterritorial gold holdings which make up 2/3 of total gold reserves, the Bundesbank receives letters confirmation by the foreign physical holders. All foreign gold was never audited before and in some cases not even inspected, not even seen by representatives of the Bundesbank.</p><p><br /></p><p>Today there are doubts regarding the existence and availability of the physical gold. The Bundesbank doesn&#039;t want far reaching audits in fear of political complications, the Bundesrechnungshof says that the current procedure is not in accordance to common standards of law, and members of German government like Rainer Brüderle Federal Minister for Economics and Technology and other members of parliament, of&nbsp; both opposition and governing parties, as are other people in economy and public not only for further controls but also for a repatriation of all gold back to German territory.[/QUOTE]</p><p><br /></p>

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