Evacuation of the Gold Reserves of the Commonwealth, February 3, 1942

Commonwealth War Cabinet-in-exile: (l. to r. ) Defense Secretary Gen. Basilio J. Valdes, Resident Commissioner Joaquin Elizalde, President Manuel L. Quezon, Vice President Sergio Osmeña, Finance Secretary Andres Soriano, Auditor-General Jaime Hernandez. Washington, D.C, May, 1942.

 

The February 3, 1942 diary entry of Gen. Basilio J. Valdes mentions a “secret and delicate mission.” This was the transfer of the gold reserves of the Philippine Government from vaults in Corregidor to a U.S. submarine, which brought the reserves to the United States.

Read the story of the transportation and accounting of those gold reserves.

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