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— Revealed: Tuesday, Four February 2020 | Print | Disqus
Expensive Good friend of GATA and Gold:
One other story was printed right now in regards to the fabled gold supposedly looted by Japanese forces all through Asia throughout World Warfare II and hidden within the Philippines on the route of Japanese Gen. Tomoyuki Yamashita as Japan started to be overwhelmed by america and its allies.
The story, written by Tom Metcalfe for LiveScience.com —
https://www.livescience.com/treasure-hunters-fabled-gold-philippines-isl…
— stories that excavations are underway by treasure hunters on the Philippine island of Panay and that landslides from the excavations are feared.
Wikipedia gives a extra full account of the Yamashita story —
https://en.wikipedia.org/wiki/Yamashita%27s_gold
— and over time some folks have argued that america recovered Yamashita’s gold after the conflict and took it away surreptitiously, whereupon it has been utilized by the U.S. authorities for gold worth suppression coverage.
Certainly Japan looted Asia throughout its operation of what it known as the Higher East Asia Co-Prosperity Sphere, which briefly changed Western colonialism with Japanese colonialism. And absolutely there’s extra financial gold on the earth than formally reported.
For starters, the true location and disposition of presidency gold reserves lengthy have been secrets and techniques extra delicate than the placement and disposition of nuclear weapons. Official gold reserve knowledge is often falsified beneath Worldwide Financial Fund coverage:
http://www.gata.org/node/12016
And what number of gold buyers report back to their governments, the IMF, the World Gold Council, or The Wall Avenue Journal how a lot gold they personal and the place they retailer it?
Gold is so delicate as a result of whereas nuclear weapons can solely destroy the world, mastery of the gold provide can management the world — can decide the worth of all capital, labor, items, and providers, because the U.S. assistant undersecretary of state, Thomas O. Enders, defined to Secretary of State Henry Kissinger in a exceptional dialog on the State Division in Washington in April 1974 whose transcript is preserved on the web website of the division’s historian:
http://www.gata.org/node/13310
But when america ended up with any huge quantity of looted gold entrusted to Basic Yamashita, proof means that it was lengthy passed by March 1968, when the London Gold Pool collapsed and was closed on the request of the U.S. authorities as a result of U.S. gold reserves had been being exhausted:
https://en.wikipedia.org/wiki/London_Gold_Pool
Exhaustion of U.S. gold reserves was equally indicated by President Nixon’s closing of the so-called gold window in August 1971, when america “quickly” repudiated its dedication to international governments to trade their for gold at $35 per ounce:
https://en.wikipedia.org/wiki/Nixon_shock
A State Division cable means that this exhaustion of the U.S. gold reserves was behind the creation of the gold futures markets in 1974, whereupon the gold worth may very well be manipulated by Western governments with out additional dishoarding of their actual metallic:
http://www.gata.org/node/17081
The enduring level right here is that no matter what occurred to any gold hoarded by Basic Yamashita, and whatever the hoards of the metallic gathered via historical past and nonetheless accessible to the market on the proper worth, gold stays a rare monetary asset — cash that, when held straight, is all the time good and with out counterparty danger — cash whose provide is much extra restricted than different types of cash and thus doubtlessly much more invaluable as provides of the opposite types of cash are extra quickly elevated.
That is what many governments desperately wish to stop the world from understanding.
In any case, if gold was as frequent as adherents of the Yamashita legend recommend, the U.S. authorities lengthy would have ensured that the laughably low-cost prize in each field of Cracker Jack was a Louis d’Or.
For a number of years now there have been no prizes in Cracker Jack containers, simply a pc code entitling the proprietor of the empty field to obtain a recreation from the web — a recreation with no extra substance than a Comex gold futures contract.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Belief Motion Committee Inc.
CPowell@GATA.org
* * *
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http://www.gata.org/information/GATA-Four-wine-bottles.jpg
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“Rigged” is a concise clarification of presidency’s foreign money market rigging coverage and extensively credit GATA’s work exposing it. Ten p.c of gross sales proceeds are contributed to GATA. Purchase a replica for $14.99 via Amazon —
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http://www.gata.org
To contribute to GATA, please go to:
http://www.gata.org/node/16
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— Revealed: Tuesday, Four February 2020 | E-Mail | Print | Supply: GoldSeek.com
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