Calling Peter Boehringer an "insider" is a bit of a stretch.
"Peter Boehringer is the founder and president of "German Precious Metal Society" (est. 2006) - an NGO (that is "Non-Government Organisation" which is by definition, on the outside)
dedicated to spreading independent information on the relevance of gold and silver as both investment vehicles and as basis for sound money and in turn a sound society. Mr. Boehringer is one of the main initiators of the German public's "Repatriate our Gold" campaign, which is being supported by many prominent signatories as well as by 15,000+ national and international activists. Peter has been writing Germany´s most popular (German language) gold blog since 2003 with a focus both on economic and political implications of gold and silver prices. He is a book author, speaker at liberal and economic conferences, and a frequent writer of articles critical towards the current, credit-based monetary system and its negative implications. He is a fellow of the liberal "Hayek-Society"."
Peter Boehringer is just a German wing nut who is doing the rounds talking to the American wing nuts at GATA and King World.
The German government seems quite happy to leave its gold where it is.
http://www.bundesbank.de/Redaktion/EN/Pressemitteilungen/BBK/2012/2012_10_22_gold.html
I was really interested in the last paragraph (where most of the truth is to be found in central bank disclosures):
"The character of the gold as a reserve asset, ... is the key factor in decisions regarding storage of the gold holdings. .... To function as reserve assets, it would have to be possible for the gold holdings to be exchanged, if necessary, into a commonly used reserve currency without any logistical constraints. That is the reason for storing parts of the gold reserves at partner central banks in other countries."
In other words, they plan to leave part of their gold reserves in New York, London and Paris because it is easier to sell, repo or pledge as collateral in those locations than it is if buried under Leibnizstraße 10.
Afterthought: You don't have to be a rocket scientist to guess what the "commonly used reserve currency" happened to be in November-December 2011.
