“The Bundesbank is just as fearful of a run as the Fed and will be only too willing to accept the Fed’s terms.  What must be borne in mind is the root cause of the request. It was not the Bundesbank itself that originally wanted the transfer to take place; it was the German people who, quite rightly, have become distrustful of the fact that their gold has been in New York for so long and want to see it repatriated. It is not the banks who wish to correct the situation. Not one bank wishes to expose the inappropriate practices of any other bank. Their loyalty is to each other and not to their depositors.”

http://www.internationalman.com/global-perspectives/the-disappearing-gold

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