Gross: Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t trust each other?
— PIMCO (@PIMCO) January 15, 2013
Central bank wars appear to be heating up as Germany announces plans that it will move a sizable amount of gold held at the NY Federal Reserve Bank back to the home country.
Berkshire Hathaway chairman Warren Buffett remains unimpressed and continues to call gold "a barbarous relic".