As well they should be.  The majority of their gold has been kept in the United States and there has never been an audit of the quantity or the fitness of the German gold located in the NY Fed.  GATA has been concerned about the U.S. gold stockpile for a long time and they have a lot of evidence that the Federal Reserve in collusion with some of the big Wall St banks have been secretly dumping gold on the market to suppress its price.  Long story short, the Germans might not have any gold left. Here is Mark Keiser’s take.