Marcos Gold - true or not? - how true?

Taken from
http://www.usagold.com/cpmForum/archives/2220002/default.html
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ORO (02/22/00; 09:01:15MDT - Msg ID:25821)
Marcos Gold - true or not? - how true?
The estimates of the Yamashita pillage were of some 9,000 Tonnes of gold equivalent at the end of the war.

Hearings on the matter have been conducted in the US congress and in the Phillipines legislature. Some of the evidence presented by some witnesses is completely absurd, one claiming that 400,000 Tonnes of gold were taken by the Japanese.

The historic accounts that indicate official gold payments by the occupied peoples to the Japanese occupiers are on the order of 70-150 tonnes per city per levy - sometimes levied more often than once per year. In a 9 year occupation in China alone this would be easilly in the 5000 tonne area.

Once the opium monopoly and the gambling monopolies operated by the Japanese military are considered - which took payments in gold and silver only - are considered, there can be another 6,000 tonnes just from that source.

Point is, that estimates of ancient gold mining in Asia are not good because of a lack of records spanning back to those times, and because of a lack of useful information about the mines themselves. That leaves only estimates of gold used in trade and as wealth money. Since the Asians of the time before WWII - wealthy or poor - had no use for banks, there are no useful records openly available for the determination of the quantities of gold held in these parts.

I can't say a thing as to the authenticity of the documentation I have pointed you to. However, any calculation I have done to understand the quantitative aspects of the gold market in the period 1980-1992 comes up with a deficit of at least 12,000 tonnes. Meaning that at the very least, 12,000 tonnes came into the markets beyond the quantities reported by any WGC estimate, Veneroso's estimates, or any other widely accepted figure. The more likely figure I have calculated as the deficit for that period was on the order of 25-30,000 tonnes.

If any of the gold sales and deposit certificates posted on the net have any merit, then they provide an explanation of a source for the gold that filled the deficit.

For any disparaging the documentation I would just say that you are calling these people forgers. These people are disinterested in the particular amounts they show in the documents, they are not trying to claim these quantities for themselves. There is little to be had by forging these documents by those presenting the information.

The 1240 tonnes at the Zurich airport that were frozen pending court decisions on law suits should make it obvious to the doubters that at the very least, ten times that amount is still in the hands of the Marcos heirs and at the very least ten times that figure was sold in the past.

Still, verification of the circulation of rumors of the Marcos gold sales by people active in the London gold markets of the 1981-1987 period would be very helpful in determining an order of magnitude figure on the numbers this documentation indicates.