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Marcos Wealth Piles of Gold

Marcos Wealth Piles of GoldIs it true that former President Marcos discover/recovered an enormous amount of gold from the Yamashita treasure?

Here is some interesting reading as it will start you thinking and it just might give you the answers about all those controversies about Marcos wealth. This article is a re-post from a website

What is the truth about the so-called Marcos wealth?

Article quoted from news:

To his enemies, at least, it derived its existence from, to them, his shameless plundering of the national treasury during his long inglorious reign as a greedy tyrant. Some people would claim otherwise: his wealth came from part of the fabled Yamashita treasure.

I Googled for some self-enlightenment and found this document, a legal opinion on a case lodged in the Supreme Court of Hawaii. The following are excerpts lifted without revision (save for short explanations in parentheses) from the background of the case Roger Roxas and the Golden Buddha Corporation vs. Ferdinand E. Marcos and Imelda Marcos. It’s a long opinion, one must read in its entirety to place the excerpts in proper context.

BACKGROUND; (A) Factual Background; (5) Laundering and sale of the gold; third paragraph:
Ferdinand (Marcos) told (Robert) Curtis (an owner of a mining business in Nevada) that he had recovered an enormous amount of gold from the Yamashita treasure, which he had found at various sites, and that he needed help because the “International World Court had . . . passed a ruling that any . . . World War II treasures that were recovered would revert back to the countries from . . . whence they were taken.” Ferdinand told him that he had so much gold that selling it could have a large effect on the world economy or even “start World War III.”

Fourth paragraph:

Curtis also testified that General Ver had brought him to a basement room in the Marcos Mariveles summer palace, where the gold bars were kept. Curtis entered a room “about roughly 40 by 40,” stacked to the ceiling with bars of gold. He estimated the ceiling to be ten feet high. Two or three four-foot wide aisles ran through the stacks of gold. The bars were in a standard seventy-five kilogram size. He noticed that the bars had “oriental markings” on them. Later, Ferdinand showed Curtis a solid gold buddha statue with a removable head, which Curtis identified from the pictures taken at Roxas house as the same buddha that Roxas had discovered.

Fifth paragraph:

On cross-examination, Curtis testified that his study of the Yamashita treasure had suggested that the treasure contained eighteen buddhas and was distributed among 172 sites. He also testified that Ferdinand had told him that the gold that Curtis had seen had come from a site in the Luzon region. Moreover, in 1975, while Curtis was working with Ferdinand, another site was discovered in the town of Teresa, and more gold was retrieved.

Eighth paragraph:

… General Ver showed him (Olof Johnson, a clairvoyant called in to help in treasure hunting} a basement room in the guest house outside Malacanang Palace and another room in the summer palace, both filled with gold. He was also shown a golden buddha in the summer palace that was too heavy for him to move. Johnson described the basement room in the guest cottage as being approximately twenty feet wide, forty feet long, and twelve feet high. He estimated the room in the summer palace as measuring “probably 40 feet by 25 or something” and twelve feet in height. Both rooms were filled with two-foot-long bars of gold stacked to the ceiling. Johnson testified that it was possible that the bars were four inches wide and four inches thick, but that he could not recall exactly.

Eleventh paragraph:

(Michael) O’Brien (an Australian in real estate business) also traveled to the Philippines. At one point, when he expressed doubt as to the existence of so much gold, he was blindfolded and taken to a warehouse. Inside the warehouse was a stack of approximately three hundred to four hundred boxes, each the size of a six-pack of beer. O’Brien opened one and observed that it contained three crudely smelted gold bars, which he described as being pitted “like an orange peel.” He tried to lift several other boxes and found them too heavy to move.

Twelfth paragraph:

…On one occasion, (Norman) Dacus (a retired American police officer recruited for gold brokering) was shown what he estimated to be one hundred metric tons of gold, located in a vault at the Coconut Planter’s Bank. Later, Dacus was flown to Ilocos Norte and taken to a shrine constructed for Ferdinand. Inside, he observed an approximately four-foot tall, gold-colored buddha statue and what he estimated to be three hundred to five hundred metric tons of gold comprised of twenty-five kilogram ingots.

Were Robert Curtis, Olof Jonsson, Michael O’Brien, and Norman Dacus unwitting or willing partners in an elaborate hoax? Or were they giving honest testimonies? If these piles of gold were for real, where did they really come from? The Yamashita treasure? One thing is certain though: testimonies and claims of the existence of these piles of gold have by now entered court records.


Something had escaped me as I was writing the above entry. It turns out this was a case lost by Marcos in 1996 for which the Courts awarded the plaintiff a staggering 22 billion dollars (!!) and 7.4 million dollars more for other damages.The linked document above was an opinion on an appeal by Imelda Marcos.(I am a newspaper hound; how come I have never come across this one?) So, that explains my confusion with the entries. Anyway apparently the Courts believed the stories about the gold.

Next: The Enrique Zobel Deposition

posted Tuesday, 6 June 2006
tags: hidden treasure wealth yamashita marcos gold buddha comments (3)
azil made this comment,

everything about Marcos and Yamashita gold is true including santy-you know who he was.I believed that more treasures can be found but it rather stay where they are for the time being unless filipino people finds a way on how to use it to improve our economy without any interventions from united states of america,we should not let them take a hold on whatever treasure is left in the Philippine soil, its time for us to stand on our own!

comment added :: 31st August 2006, 17:59 GMT+08:30
Borodin made this comment,

I really is a very big story this Yamashita treasure,even today that the Philippines pays billions if foreign dept that otherwise japan should be the one to pay it because the Philippines is where they hid most of the treasure looted and recovered by both USA AND japan.

comment added :: 28th October 2006, 06:36 GMT+08:30
Maria Teresa Santiago made this comment,

do u think satellites can now detect buried treasure here in the a particular place ?? if that is so then first who will know about these treasures are those who are also a rich nation like the USA..

Other website that discussed about the Yamashita treasure…

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