Warren Buffet still calls gold: "a barbarous relic"

Gross: Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t trust each other?
— PIMCO (@PIMCO) January 15, 2013

Central bank wars appear to be heating up as Germany announces plans that it will move a sizable amount of gold held at the NY Federal Reserve Bank back to the home country.

Berkshire Hathaway chairman Warren Buffett remains unimpressed and continues to call gold "a barbarous relic".

Fading Facebook: IPO opens at $42 and then massive sell volume

Facebook Friday is here as shares initially jump on the open NASDAQ in first day of trade. 

Over 60% of the FB float changes hands. Bill Gross calls it a bubble. Looks like a classic pump and dump.