Trust in London and New York is evaporating: Global central banks are removing gold from vaults in London and New York as they become increasingly concerned about storing bullion outside their own borders India and France are among those that have relocated huge volumes of gold out of the US and UK in the past year to store domestically. Not only are fewer central banks currently storing Gold in London and in New York year-on-year but increasingly nations are switching to domestic storage or via diversified overseas storage locations. This is also going to seriously impact the paper price of Gold in the West as the collateral they use, via overseas Gold stored in London and New York, will no longer be possible.