August 28, 1986
An NBI informant posing as a buyer saw ninety 75-kilogram gold bars in an apartment building in Quezon City owned by Jonathan de la Cruz, an aide of Bongbong Marcos. That’s about 6.76 metric tons or almost the same amount of gold missing and written of in the L.A. Times March 16th issue.
And here is a longer list of questions:
In 1973 reserves dropped from 1,857,000 ounces (52.75 metric tons) to 1,057,000 ounces. The CB claimed 800,000 ounces were sold. Assuming an annual production of 30 metric tons, what about the gold produced that year?
From 1974-1977, gold reserves stayed at exactly the same figure of 1,056,000 ounces. Again, what about the four years of production totaling approximately 120 metric tons?
Gold reserves began another steady annual rise in 1978. From then until 1980 they gradually increased to 1,900,000 ounces, or an average of about 8 metric tons a year. What about the other 22 metric tons annually totaling 66 tons?
In 1981, reserves took a dip, to 1,650,000 ounces, a drop of 7.1 metric tons, which was sold. But another 30 metric tons should have been produced.
Reserves rose by 6.1 metric tons in 1982, to 1,866,000 ounces. That left 23.9 metric tons unaccounted for.
In 1983 they dropped to 289,000 ounces, a decrease of 44.8 metric tons from the year before, which was sold. What about the 30 metric tons produced?
In 1984 they rose to 786,000 ounces, an increase of 14.1 metric tons. That left 15.9 metric tons unaccounted for.
In 1985 they rose to 1,478,000 ounces, an increase of 19.7 metric tons. That left 10,3 metric tons unaccounted for.
Marcos departed in February 1986.
Is it true that Marcos propagated the Yamashita myth to hide the fact that he looted the Central Bank, that its gold bars were melted down and recast in odd-size bars to make them look old (how does gold look old, anyway?).
Marcos claimed that he “received the surrender of Gen. Yamashita†after a battle with his guerrilla outfit. History has recorded that Yamashita surrendered to Lt. Co. Aubrey Smith Kenworthy and that there was no battle. Yamashita’s peaceful surrender had been arranged at least two weeks before the event.
In one entry in Marcos’ diary he noted, “I often wonder what I will be remembered for in history. Scholar? Military hero…?†In a supreme irony, he did achieve what he so vainly sought – lasting fame – but not in the way he envisioned:
The largest human rights case in history – 10,000 victims.
Guinness Book of Records – the world’s greatest thief.
The largest monetary award in history – $22 billion.
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