For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home. (continues)
See also:
http://www.mining.com/germans-begin-to- ... ign=digest
tl;dr: The Federal Reserve Bank of New York holds 7000 tons of gold bullion, mostly on deposit from central banks of other nations, including 1,500+ from Germany. They haven't let German central bankers inspect it. Some people are suspicious. Some claim that it's all gone missing. And some say that Germany should bring it all back home.
I'm not sure what to make of this. It sounds rather conspiacy theoryish, but Der Spiegel's a pretty respected source. Is there anything to this?