To break up the humdrum of this site I thought it would be fun to tell a few tales and treasure stories. Some of you have heard this one before, but there are you that haven't. It's a true story, and the research into this fact not fiction. Let's begin on April 15, 1934 in Cuernavaca, Mexico. The subject was a venture meeting called by investment banker Rafael Borega. In attendance were Leon Trabuco: Rancher and large scale miner from Chihualhua, Mexico, Ricardo Artega: Wealthy rancher from Torreon, Mexico, Carlos Sepulvedo: Wealthy rancher from Coahuila, Mexico, Professor Guzman MOrada: Economical specialist called in by investment bankers from Spain, and Rafael Borega: International banker for Spain and Mexico.
Morada had a plan: "Gentlemen, on April 5th 1933 President Roosevelt of the United States issued an executive order forbidding the hoarding of gold by United States citizens. He further proposed to congress that a United States Gold Act be formulated and passed. The Committees went to work on the wording of the Act, and had the Act prepared by late 1933, passed on January 13, of this year and signed into law. my friends, I forcast that the United States dollar will de-value and that gold and other metals will gain in price. In 1929 the stock market crashed and that lost investors $60 million dollars and from 1929 to 1933, 4,376 United States banks have collapsed." Professor Morada predicted that with gold now selling on the western world market at $20.67 per ounce, that gold prices would go up soon after the gold act from $30.00 to $40.00 per troy ounce. He predicted that a wise group could reap millions in profits by accumulating the bullion at the present price and holding it in the United States for the anticipated increase in value. Only two amoung the group inquired as to the problems that might arise on crossing the international borders with the gold. Morada assured all that no problems would come up at the border. A plan was adopted by the group. Trabucl, being the wealthiest and with mining operation knowledge, would lead the group. Trabuco would supply much of the gold that he was personnaly hoarding estimated at 12 tons or 300,000 troy ounces. This would be combined with some of Ricardo Artega's gold. The two wealthy ranchers, Ricardo Artega and Carlos Sepulvedo, supplied millions of pesos in Dollar form to Rafael Borega so that he could purchase more gold from miners. Borega canvassed the mining communites and ammassed five tons of gold, and estinmated $3,500,000.00 worth. more to come
Morada had a plan: "Gentlemen, on April 5th 1933 President Roosevelt of the United States issued an executive order forbidding the hoarding of gold by United States citizens. He further proposed to congress that a United States Gold Act be formulated and passed. The Committees went to work on the wording of the Act, and had the Act prepared by late 1933, passed on January 13, of this year and signed into law. my friends, I forcast that the United States dollar will de-value and that gold and other metals will gain in price. In 1929 the stock market crashed and that lost investors $60 million dollars and from 1929 to 1933, 4,376 United States banks have collapsed." Professor Morada predicted that with gold now selling on the western world market at $20.67 per ounce, that gold prices would go up soon after the gold act from $30.00 to $40.00 per troy ounce. He predicted that a wise group could reap millions in profits by accumulating the bullion at the present price and holding it in the United States for the anticipated increase in value. Only two amoung the group inquired as to the problems that might arise on crossing the international borders with the gold. Morada assured all that no problems would come up at the border. A plan was adopted by the group. Trabucl, being the wealthiest and with mining operation knowledge, would lead the group. Trabuco would supply much of the gold that he was personnaly hoarding estimated at 12 tons or 300,000 troy ounces. This would be combined with some of Ricardo Artega's gold. The two wealthy ranchers, Ricardo Artega and Carlos Sepulvedo, supplied millions of pesos in Dollar form to Rafael Borega so that he could purchase more gold from miners. Borega canvassed the mining communites and ammassed five tons of gold, and estinmated $3,500,000.00 worth. more to come
