![]() dollars using the current price of gold per kilo. ![]() The fabled Yamashita treasure, which in all likelihood is just a figment of the imagination, seems like loose change compared to the enormous value of this real-life treasure which may exceed 20 billion U.S. This represents our country’s entire gold reserve at the time and quite possibly the total output of all the gold mines operating in the Philippines. The mystery concerns what I call our national treasure consisting of some 20 tons of gold bars. Whatever will be the outcome will make for a good thriller. With your considerable reputation as a historical sleuth, I’m confident you can solve or otherwise clear this up. Please help me unravel a mystery that has not only aroused my curiosity but baffled me as well. The reader emailed me this query, which I reproduce in full:ĭear Manolo, I’ll go direct to the point. The genesis if this article was a meaty exchange with a reader about the prewar gold reserves of the Philippines some years ago. submarine, which brought the reserves to the United States. This was the transfer of the gold reserves of the Philippine Government from vaults in Corregidor to a U.S. What a relief! I returned home very tired and exhausted. The work was performed with military proficiency, no noise, no conversations. Navy and some men with two station wagons arrived followed closely to the Staff of the U.S. ![]() ![]() A few minutes after we arrived, Commander Parker U.S. The guards were surprised at our unannounced visit. I dressed hurriedly met them at the entrance of the Malinta tunnel and we proceeded by car for the vault. ![]() It was the Chief Justice telling me to get dressed as we had to go to the vault, to perform a secret and delicate mission. I was already in bed when the phone rang. Valdes mentions a “secret and delicate mission:”Īt 10 p.m. Watch: British Pathe newsreel: Treasure Submarine, 1942. Quezon, Vice President Sergio Osmeña, Finance Secretary Andres Soriano, Auditor-General Jaime Hernandez. Valdes, Resident Commissioner Joaquin Elizalde, President Manuel L. ![]()
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