Submitted by SD Contributor SRSrocco:
I at times have wondered just how much gold there is in the world. I have read some of these articles and reports of the so-called hidden huge hoards of gold.
The legends of Yamashita’s gold discovered in the Philippines by General MacArthur’s Chief of Intelligence claim the treasure weighs in at over 300,000 metric tons of gold.
While these conspiracies sound nice on paper… if we look at the historical gold-silver ratio of production, we may find some answers.
I have had an email exchange with David Zurbuchen some years ago. He did the research and wrote the article THE WORLDS ACCUMULATIVE GOLD AND SILVER PRODUCTION. Zurbuchen doesn’t just use one source…. he uses 4-5.
If we look at the total figures of both gold and silver production we can see the historic ratio:
Average Cumulative World Silver Production= 44.542 billion ounces
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Now, for the total world gold production:
Average Cumulative World Gold Production= 4.25 billion ounces
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Again, both of these gold and silver figures are up until 2004. If we do some simple math:
44.54 billion oz silver / 4.25 billion oz gold = 10.5 to 1 RATIO
In 2011, the world produced the following:
2011 TOTAL GOLD = 87 million oz
2011 TOTAL SILVER = 762 million oz
2011 GOLD-SILVER PRODUCTION RATIO = 8.75 to 1
We must remember, the gold-silver production ratio was higher 300-2000 years ago. So, the 10.5 to 1 overall ratio of silver production to gold seems very plausible. I highly doubt a huge amount of gold was produced over and above what was stated in Zurbuchens article and from the World Gold Council.
If there was this supposed 50-100,000 extra metric tonnes of gold hidden in secret hoards, then it would certainly skew the gold-silver historic production ratio substantially. Even if there are hidden stashes of gold, I highly doubt they are large enough to make much of a difference.
So, if we consider the COMMON SENSE APPROACH of the GOLD-SILVER PRODUCTION RATIO…. there really can’t be huge amounts of gold hidden as it does not pass the historic geological ratios…. that is gold and silver in the ground.
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300,000 metic tons equals 10.6 billion ounces of gold. I doubt it exists. The world accumalated a liitle over 4 billion.
We keep hearing about these huge and easy PM hoards in the news.
Yamashita must have had a fleet of hundreds of ships to get it all there.. The freighters of the WW II era just weren’t very big.
330,000 TONS of gold being moved via ships that displaced between 2600 and 8000 tons (total weight) is going to take a lot of trips, or a pretty big fleet of ships. Either way, that number seems asinine. The US supposedly has 8000 tons, so Macarthur just left it all there in the P.I.? Why would we not have taken it, plunder belonging to the victors?
Sunken silver, Yamashita’s gold, mining asteroids, it’s all keynesian propaganda. Truth mixed with lies to create doubt. A maple leaf in your hand, that is real. I’ll put my confidence in metal that can be seen and held, and not in some fables from the murky war years.
The ancient Chinese emperors are claimed to have hidden away a massive stash of gold, too. It doesn’t seem to stop them from buying up all they can today.
I read that same article and after saying WOW a few times it really put things into perspective for me. The folks delivering this info to us have spent long hours researching reality to help us make sound decisions based on fact. They are fed up with the MSM and want to ensure they don’t ever resemble anything remotely close to what the MSM has become. I also believe we are living in an incredible time to be an investor in metals and it probably feels as close as we could ever get to the original guys that headed to California and other destinations to make their mark on the times. At least we get it and have used such info wisely. Now we have to allow a damaged, manipulated market some time to break the shackles supplied by bullion banks and return to a free market. This is going to involve some more waiting but the info continue to be even more interesting.
Mr. Murphy at GATA is really going full steam and gaining the attention of quite a few people. His message is strong and confident and I would love to know what he already knows. He seems like the kind of guy that wouldn’t put labels on things unless he was pretty sure of himself. Otherwise he would hurt their image at time that it is critical they supply honest, straightforward information to people seeking the truth. I personally don’t think he and others like Zurbuchen would risk that and are fully aware how people like us appreciate being given some of the info in this long struggle.
So I anxiously await for the truth to come out and a free market to respond to the news. I want confirmation that I didn’t do something foolish like paying extra taxes for nothing. So I’m going to hunker down and see what events come to light in the next 60 days so I can figure out what the next steps are in possibly a free market. Imagine that.
Thanks SRSrocco for keeping the good news flowing.
I don’t find it so incredible. 300,000 tons (if there really was that much. Rumors tend to grow larger with time) out of 1,328,125 tons of known gold ever mined. Not to mention all of the unknown gold ever mined. East Asia has always been the most densly populated part of the planet and they sought after gold even before written history. The tribes of N. and S. America didn’t record the amounts of gold and silver they mined either! I would wager some of it is in every coin a gold bug has! The Japanese stole every bit of gold they found in their attempted conquest of Asia. And we KNOW that the ancients had high technology that we still don’t understand to this day! They were very intelligent and resourceful people! Very capable of mining large quantities if they chose to. Even the Romans who came much later could blow up an entire mountain with water preasure and then they mined the rubble!
“…out of 1,328,125 tons of known gold ever mined.”
Please check math, 1,328,125 metric tons of gold = 46.75 billion oz of gold. Only 4.25 billion oz of gold ever mined in the world.
4.25 billion oz of gold = 120,739 metric tons of gold.
Your are right, I misplaced a decimal point or had an extra 0 –132,812.5 tons
Existence of Yamashita’s gold is fairly well documented and so is the fact that the CIA has spent it all funding their black ops. So, their is no hoard their any longer. Chocolate Mountain is a different matter. It could be a enormous placer deposit. Don’t know, gov’t has restricted access to the area which makes me think there may be something to it. As far as a secret mine in the Grand Canyon, I’ve been down in the canyon, geology is all wrong for gold, so I don’t there is any hoard there.
I don’t want to discount the reports of the Grand Canyon mines. Most myths have some basis in fact. It’s well known that the government and media in collusion are capable of great coverups lasting decades. The Grand Canyon is HUGE and in places over a mile deep as I’m sure you know having been down in there too. There are large deposits of minerals all over that corner of Arizona. So a large vein of gold uncovered by the Colorado River as it eroded away the land may be improbable but not impossible.
Could it be that these rumors are pawns set out as a ruse in anticipation of our current dilemma? Certainly, after the debacle of the late 20s through mid 30s, governments and bankers had their first hint that the banknote scheme could blow up in their faces and if ‘plausibility’ could be established for them to miraculously conjure up billions of ounces from these ‘huge hidden hoards’ to ‘back’ their currency at this crucial juncture, they just may have put those ‘stories’ in play. All this crap about return to a ‘gold standard’ has had far too much airing from the MSM to NOT raise suspicion! So, how many ‘ounces’ in paper claim tickets are there? Is it anything in rough simile to the ‘huge hidden hoards’?
The only problem with backing a currency with a fake gold hoard is that people expect to be able to exchange paper for gold and gold for paper at any time of their choosing. In order to do that, they MUST have physical gold available to exchange it for paper on demand. The rumor of having gold is not the same as actually having gold.
If its not in your hands then its not real
Your stack of gold and silver is worth more than Yamashitas mystery stash
I don’t have much to say here, because I don’t believe a lot of words spewed around clarifies very much.
I have this to say about the Seagraves book, “GOLD WARRIORS”. I don’t mean to be antagonistic, but I am pretty engaged in this subject, due to the amount of innocent civilians and non-Japanese murdered so the Japanese could accumulate this gold during their expansion period in Asia 1895-1945, during which, IMO, they raped Asia, physically and economically to levels that defy our understanding.
If you have not obtained the book and read it, please don’t try to refute what I say here until you do. I KNOW its NOT in wide distribution in the USA, for obvious reasons of the US complicity in this “GOLDEN LILY” deal, as accessory after the fact.
My conclusion, is that although the USA and the CIA used a lot of this gold for whatever purposes, that the amount of gold out there, exceeds our understanding by perhaps as much as an order of magnitude. Again, read the book to figure out how that was accomplished through a lot of legerdemain. Further, I do personally believe that Hirohito’s family STILL has huge amounts of this gold hidden in his personal vaults in the Northern Home Islands of Japan. I don’t ever think it will see light of day, never. Throughout Asia, the Japanese are hated for what they have done and refuse to admit, and will forever be so until they confess, repent and remit. Ha ha ha, until the USA stops supporting them, that will never happen.
Now from my conclusions, to my motivation. Thousands, perhaps 10′s of thousands, American, Australian, NZ’s, Filipinos, Chinese, British, you name any one within reach of the Japs, were murdered for their secrecy and convenience in concealing and then transporting this gold. That bastard, (imo), Marco’s was deeply implicated by the books documentation. These victims need both RECOGNITION and JUSTICE, and IMO, it would be wrong in my heart to let what I know to be true, at least from the deep, deep research, due diligence and documentation ( not the least of which was considerable personal risk and intimidation brought to bear on both Seagraves as authors) they (Seagraves) brought to the table, including US Court Records, be dissed and dismissed in any public forum by any less than complete Due Diligence on the part of those commenting.
IMO, the GOLD from GOLDEN LILLY known as Yamashita’s Gold, but the theft of which started back in 1895, when the Japanese began their imperialistic expansion in Asia, is still out there, and when calculated in, would skew the Gold Silver Ratio, but likely we will never see any of it introduced into circulation, other than what has already been used by the USA and CIA already.
Nuff said, rant over, FWIW, read the book.
DG
If the Yamashita’s story doesn’t provide a proof that there is gold then it’s not real. Maybe it’s just a propaganda just like the US’s gold inside Fort Knox. If there was that much gold, then gold and silver’s ratio will be very different then right now where it’ll be a lot lower than 1/51.