Half of German gold reserves will be stored in Germany by 2020 - Really?

"Bundesbank President Jens Weidmann described the partial transfer of German gold from New York as a trust-building measure in Germany. You are the one responsible for organising this major logistical undertaking. Indeed, we are inspiring trust by storing half of the 3,400 tonnes of gold in Frankfurt by 2020. Building trust also means being transparent. We were the first central bank to publish details of our storage facilities, including the respective quantities of gold stored there. Given the dis-trust surrounding this botched process no trust will be built until all of German's gold is stored in Frankfurt. Is there a scenario in which gold could begin to be used in monetary policy? A highly theoretical scenario would involve extreme turmoil on the foreign exchange markets. Germany safeguards its solvency through reserve assets. In addition to foreign currency, our reserve assets include gold reserves. This gold could be pledged or exchanged directly for foreign currency. That is also why we have left the other half of our gold reserves in New York and London. Although we thankfully do not envisage such a crisis scenario, central banks are designed for the long term..."

at: http://ausbullion.blogspot.com.tr/2014/02/half-of-german-gold-reserves-will-be.html#sthash.KaMnlxc1.dpuf