Posts Tagged With: 1933

Leon Trabuco’s Gold….


Leon Trabuco’s Gold

In 1933, Leon Trabuco was a Mexican millionaire. He believed he could use the Great Depression of the United States to increase his fortune. Convinced the United States would soon devalue the dollar and that gold prices would skyrocket, Trabuco and four other men bought up much of Mexico’s gold reserves to resell in the United States when the price went up.

At a makeshift Mexican foundry, gold coins and jewelry were melted down and cast into ingots. In less than three months, he and partners had collected almost sixteen tons of solid gold. They smuggled the gold into the United States, where if caught, they faced long prison terms. Trabuco searched for a safe place to hide the illegal treasure, but eventually, he decided it would be smarter to bury the gold. In the heat of the summer, he hired a pilot named Red Moiser to make several covert flights into the New Mexico desert for Trabuco.

It is believed that Trabuco chose a sparsely populated region near the Ute and Navajo Indian Reservations in New Mexico. Moiser allegedly made sixteen flights, carrying one ton of gold each time, taking them to pick-up trucks that transported them to burial site. Trabuco never revealed the location and was careful not to create a map. When the Gold Reserve Act of 1934 passed, the price of gold soared, but instead they waited for prices to soar higher.

Unfortunately, the Gold Act of 1934 made private ownership of gold illegal, and Trabuco was unable to cash in on his scheme. Over the years, he and his partners all died untimely deaths. Trabuco took the location of the gold to the grave.

Treasure hunter Ed Foster has searched for Trabuco’s Treasure in the desert around Farmington, New Mexico for over thirty-five years. He is convinced that he found the 1933 landing strip used by Red Moiser at a plateau called Conger Mesa. He has spoken with an Native American lady and Navajo woman who was six years old in 1933 who both recalled a plane that would land and take-off from there. Ed said she remembered several Mexican men who lived on the Reservation.

He also found an old Navajo home unlike any other on the reservation about twenty miles west of the mesa. It was probably meant as a guard post to guard the gold. It is a Mexican-style structure with windows, a front door, a back door and a veranda. Not far away is Shrine Rock inscribed with a date and the words: “1933 16 Ton.” Ed believes the gold could be hidden away somewhere in the vicinity of these three points.
Treasure hunter Norman Scott believes Trabuco’s Treasure has an air of authenticity to it. He believes that with available technology, it is only a matter of time before it is discovered.

It is believed that the treasure consisted of Mexican gold bought by several millionaires.

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Categories: gold, gold coins, gold ingots, hidden, Legends, Lost gold, Mexico, Old West, Treasure Hunters, Treasure Hunting, Treasure Legends, Uncategorized | Tags: , , , , , , , , | Leave a comment

Texas May Start Hoarding Gold…Secession Next?…..


We all know the cliché: ‘Don’t mess with Texas.’
Well, a new piece of legislation is being proposed to send that message to Washington, when it comes to protecting Texas’ gold.
A lawmaker has proposed a bill to create a Texas Bullion Depository, which would allow the state and its citizens to store gold bullion in its own facility in Texas, with the protection of the state.
If passed, the Texas bill would tell Washington to “shove off” under the 10th amendment power given the states, if we ever saw the kind of currency craziness we saw during the Great Depression when President Franklin D. Roosevelt mandated citizens hand over most of their gold.
Texas isn’t the first state to think about hedging its monetary destiny with precious metals.
Citing concerns over the value of the U.S. dollar, Arizona lawmakers are the latest to pursue legislation that would declare privately minted gold and silver coins legal tender. In 2011, Utah became the first state in the country to legalize these precious metal coins as currency. Lawmakers in states including Minnesota, North Carolina, Idaho, South Carolina, and Colorado have debated similar laws.
As for the Texas proposal, Jim Rickards, senior managing director of Tangent Capital Partners and author of Currency Wars, tells The Daily Ticker you can think of it like the “Fort Knox of Texas.”
And on the legal side Rickards says, “you’ve got the state of Texas standing up for you if the federal government tries to do what they tried to do in 1933, which is take the people’s gold.” Rickards is also a lawyer and has read the legislation.
So, is Texas making preparations to start hoarding gold?
“It may end up that way,” Rickards says. “Personally, I think this is a game changer in terms of the way institutional investors are going to look at gold.”
That’s because large Texas pension funds haven’t been allowed to invest in physical gold, but Rickards explains this law would change that.
Gold is considered a hedge against inflation. And while inflation is currently low in the U.S. right now by official figures, Rickards doesn’t expect that to remain the case, projecting an uptick to come later this year or early next year.
If people were to lose faith in the dollar, Rickards concedes Texas could have the foundation for its own currency, of sorts.
Which could come in handy if they, say, push forward in trying to secede.
You may recall, more than 100,000 people signed an online petition calling on the Obama administration to allow Texas to secede from the U.S., according to New York Times. In January, the White House declined but the secession movement has pressed on.

Categories: Politics | Tags: , , , , , , , , , , , , , , , , , , , , | 1 Comment

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