Have been gone a few days interspersed with correspondence with a friend in the Philippines who I have been exchanging information with concerning buried gold in the Philippines that was essentially pillaged out of Asian countries including China, taken to the Philippines and secured prior to and during WWII. I have done several posts on this subject which fascinates me having first came across the work of Peggy and Sterling Seagrave’s research years ago. Sterling and Peggy Seagrave are fascinating to listen to. The Japanese under Operation Golden Lily pillaged and undetermined amount of gold out of Indonesia, Burma, Vietnam, China, Malaysia and Singapore and brought this gold to the Philippines where it was re-smelted and buried at places like Mindanao and Palawan. The Japanese had intended on transshipping this gold back to Japan, but because of the American navy blockading the sea lanes out of the Philippines, the Japanese Imperial Army under General Yamashita, were forced to hide the gold in the Philippines. The Japanese always thought at some point after the war they would include the Philippines into there economic sphere.
There has been during the past 70 years a lot of stories about hidden treasure buried in the Philippines with treasure hunters constantly looking for buried gold and silver all throughout the Philippines. There is good circumstantial evidence General MacArthur set up a trust for himself with some of the gold pillaged by the Japanese under Operation Golden Lily. It was Emperor Hirohito’s younger brother, Prince Chichibu who was tasked with overseeing Operation Golden Lily. It was General MacArthur who set up the Showa Trust held by the Sanwa Bank which is the biggest trust in Japan to take care of the imperial family. The Showa Trust which was based on the loot from Operation Golden Lily, at one point was generating US$1 billion a year in interest. It was known that Japanese soldiers, both officers and enlisted, went rogue and buried stashes of gold to later be recovered after the war ended for their own private enrichment. There is good record of this happening when Palawan was a Japanese Imperial Army garrison with 2,000 Japanese soldiers there. Many of these soldiers were killed or taken captive and the locations of this hidden gold have remained forever unknown. The amount of gold is unknown but estimates are in the thousands of tonnes. There were known to be according to some estimates, more than 175 vaults of buried gold in the Philippines. Whether or not the gold has been recovered, or how much has been recovered is anyone’s guess. The stories continue to be circulated. The history is fascinating, but what is more fascinating, is that Japan may be secretly attempting to recover this gold based on recent news reports and Japan’s re-militarization.
Japan has been participating in military exercises in the Manila Bay across the way from Palawan as part of this confrontation with China over the South China Sea. Finally, what is encouraging is that China, the Philippines and Japan have agreed to hold high level discussions without the Americans on what China has called its “red line” on the South China Sea. What this friend of mine from the Philippines and I think, is that these joint Japan-Philippine military exercises could possibly be about the recovery of gold in the Philippines. Japan’s Operation Golden Lily included the pillaging of tons and tons of gold out of China. Does China want its gold back and is this military tension between China and Japan a front for this gold in the Philippines that still might be there? One thing is known, whatever the official account of the world’s known gold resources, most of golds actual existence is known by very few.
As of right now it is just a hunch, but after 70 years, Japan’s military is back in the Philippines and we’re taking a hard look as to possibly why. Reports of Japanese NGOs in Palawan suggest that maybe these NGOs under cover of building and assisting the Philippine people with infrastructure projects, they are actually reconnoitering for missing treasure. Reports from land owners in Palawan report that NGOs from the US including USAID (intelligence operations) are also in Palawan asking land owners to do surveys on their properties for water systems, but this seems to be cover for their running surveillance looking for gold vaults. The last several days I have been reading carefully through online boards on this subject and the comments suggest this is what is going on in Palawan. Now that the Japanese are re-militarizing and back to building their economic dominance in Asia, observers cannot help to think this is what is currently going on in the Philippines despite their new President Duterte being put in office who apparently does not like the UN, the US, China and Japan.