After 70 years Japan’s military is back in the Philippines and all that gold stashed by rogue Japanese Imperial soldiers

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.

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6 thoughts on “After 70 years Japan’s military is back in the Philippines and all that gold stashed by rogue Japanese Imperial soldiers

  1. Makes sense to me, there is a lot of WWII loot on Palawan. I have known Sterling and Peg for many years. Peg passed away in January.

  2. The Seagraves are not serious historians. Gold Warriors has been largely discredited for deliberately skewing the facts towards the sensational in order to sell books. They also had a set of CDs that they tried to sell and they were in cahoots with some bogus treasure map sellers. Everybody likes the idea of buried gold and if you want to fantasize about it I don’t really care. But the Seagraves, in their sensationalist ways deliberately published untruths about certain political and military events that were offensive and upsetting to the relatives of POWs and soldiers who died in the war. Ok to have fun but we need to be careful. Fiction presented as history can be dangerous. If you want substantiation, I can provide it, but I get the feeling that you dont really care. ….

    • I should charge you for responding to such a silly unsubstantiated comment?

      Yeah, the “sensationalist idea to sell books” is usually the first approach when feebly attempting to either discredit or quash history. Sounds like business to me after all the work and effort the Seagrave’s put into researching, interviewing people, collecting data and evidence, purchasing research documents, copying material, traveling, putting food on the table and writing their books.

      Now, you just have to wonder what we would know about this history had not the Seagrave’s written and researched all of this? You should probably go back and read my post. Did I sensationalize the Seagrave’s and suggest this was absolute historical fact? When Norbert Schlei started investigating the existence of the Black Eagle Trust and the M-Fund for Bobby Kennedy he ended up dead.

      You need to look at the anomalies if you are really interested or concerned about historical fact of this history. So go get your substantiation, please, I would find it a great challenge to perforate it with holes.

  3. OK. My personal investigations into a sample of their sources have exposed the Seagraves’ quite cynical “research” methods. They are prepared to use sources that are laughably insubstantial, and then present these sources as if they are highly credible. The Seagraves also deliberately misrepresent the words of a source to make it fit the story that they wish to convey.

    The whole of page 62 of “Gold Warriors” is given over to the Seagraves’ theorising that nearly 400 Allied Prisoners of War were massacred after stowing gold bullion in a mine on Sado Island, Japan. This is outrageous. The source that they use, “Betrayal in High Places”, is a book that looks extremely unreliable when first picked up, and its claims fail to be confirmed by any other historical source. In any case, “Betrayal in High Places” does not actually claim that any stolen gold was stored by the POWs!
    I am one of the authors of a recent historical paper, published in the Journal of Military History, which has proven the Sado Island Massacre story to be pure fiction. The Seagraves are smart enough to have worked this out for themselves, but they have chosen to legitimise this fantasy in order to sell their books and CDs.

    The Seagraves further illustrate their manipulative ways when they cite an innocent travel book as the source of their further assertion,
    “more than a thousand Korean slave laborers … on Sado Island also vanished without a trace” (bottom of p62).

    This is just another dishonest misquote. The travel book (Waycott: “Sado: Japan’s Island of Exile”) actually says, “…During these years, forced labor was certainly used: of the tens of thousands of Koreans imported to work for Imperial Japan, more than 1,000 are known to have been sent to Sado. Of these, 145 are said to have ‘escaped’ (but where to?) and a dozen or so – surely a low estimate – were killed. Their existence became public knowledge in 1991, after records were released of Mitsubishi’s distribution of cigarette rations to its workers.”

    Westcott’s travel book is actually quite pleasant and informative, and there is nothing dishonest about his speculation – but it’s only a travel book! Historically, it’s clear from post-war Korean records that many “escapes” were indeed successful (often into the local community, or by fishing boat back to nearby Korea). It’s also true that a relatively small number of Koreans were killed in mining accidents, and that no “massacre” occurred. Waycott doesn’t allege a massacre in any case – but the Seagraves do!
    (Page 62 of “Gold Warriors” can be previewed online here on Amazon, for those who would care to check for themselves…)

    The Seagraves are obviously misusing these sources quite deliberately. I think it’s very reprehensible for modern authors to push this type of mean deception masquerading as history. This is not a victimless crime. (My mum’s brother died as a prisoner of the Japanese in WW2, and it is upsetting to see authors such as the Seagraves take these liberties with the emotions of dead POWs’ families.)

    Not content with pocketing their customers’ money for this book, the Seagraves also use their book to continually push their privately-sold CDs, which they claim contain the “evidence” to back up their assertions. In fact, most of the documents on the CDs are just correspondence between “treasure hunters” – who also make their money by selling their Treasure Maps to the gullible… These are hardly independent or authoritative people! Many of the “certificates”, which have been laboriously translated (possibly to tire out the reader) can easily be seen to be fakes once you look at images of the “originals”. They have cut-and-pasted values for the gold on deposit!

    The CDs even torpedo the Seagraves’ own assertions in some places. On CD#1 (Jones.PDF file, page 65), a 1997 letter from “R. A. Medland, Senior Manager, Commonwealth Bank Group Investigations/Security Dept.” [Melbourne, Australia] says that the gold deposit certificates are, “utter rubbish”! There’s also a scary-looking photo of a sleazy Indonesian “lawyer” displaying the “certificates”, and a hilarious document very reminiscent of a “Nigerian Letter”, purportedly from President Suharto of Indonesia, on the same CD.

    Gee, it’s a pity these Certificates are rubbish – they were for 420 tonnes and 120 tonnes of Gold !
    (US total annual production in 1940 was 155 tonnes, just to show how incredibly unrealistic these numbers are.)

    With the kind of resolution one finds when only scratching the surface of these fantasies, I have to wonder that the appeal of such stories must come from their ability to assist in the smoothing of the rough edges of some other square peg these cynics are trying to jam into the round hole of reality. But again, it is a big waste of time to go any further than this when even the simple threshold of logic hasn’t been cleared.

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