Germany looks to repatriate gold; less trust in Fed?

And finally, Germany's plans to repatriate their gold hits the US press wires.  Remember folks:  I blogged about it last year.  Now that this action by the Bundesbank is reaching more mainstream media outlets, expect more volatility on the price of gold as cohorts from both sides of the issue continue this battleground issue:  do central bank and sovereign gold holdings really exist in the Treasury vaults in New York and London as claimed?  And even if they do exist, are their multiple legal claims against said gold bars?  Because if there are multiple claims:

1) the US Treasury and Bank of England has been running an illegal Ponzi scheme all those years,
2) claimants will find they should have repatriated their gold sooner than later,
3) with fractional reserve gold holdings, possession becomes 100% ownership.

In other words, those that didn't repatriate their rightful gold holdings home will be ASSED OUT.

The status quo will try to refute the legitimacy of the Bundesbank's concerns about the potential for re-hypothecated gold.  If so, the German public should demand a public, independent audit of their national gold reserves.

http://www.marketwatch.com/story/germany-may-repatriate-gold-less-trust-in-fed-2013-01-15