I love this story not a big believer but still worth looking into.
April 5, 1933 President Roosevelt issued an executive order over the gold standards, which forbid US citizens from hoarding or owning private. On January 17, 1934, President Roosevelt signed the Gold Act. The Federal Reserve set the price of gold at $35.00 per troy ounce. This helped with making the Federal Reserve stronger and the foreign debt easier to amortize.
A few years earlier Professor Morada had predicted this outcome. His group known as the Trabuco group purchased to buy all the Mexican gold at $20.67 or less if possible, hold it, and then sell it in the United States.
His prediction was that gold in the US could go as high as $40 per ounce by 1935 or 1936. Professor Morada at the time planned a way for the group to smuggle the Mexican gold into the US and sell it for a huge profit. Before he had the deal completed he had already stored around 8 tons of gold and another of his group, Ricardo Artega, had stored 4 tons.
In August of 1933, Trabuco and two other employees drove over the border of the US explaining they were going hunting in New Mexico. In New Mexico, they told officials they had permits to hunt in Colorado. While here, they contacted various crop dusting companies until they found Salt Lake Flyers and one of their best pilots, Bill Elliot. Elliot with the money sent to him for fuel in the amount of $200 visited Trabuco in Kirkland, New Mexico.
A deal was agreed in that Trabuco would supply all the fuel, the groceries and $2,500 per flight to bring the Mexican gold to the US. The rest of 1933 was used to carry the bullion from Mexico to what we call Four Corners. Of course, the Mexicans were patrolling the area to ensure the plane and its contents would go undiscovered.
It was reported that Elliot made 10 flights from August 1933 until November 1933 in order to move all the Mexican gold.
On January 17, 1934, the Gold Act was signed and enacted. This is not what Trabuco had really expected. The order was that all banks, storage refiners, and brokers had to turn their gold over to the federal mint, which would give them paper money in its place at $35.00 per ounce. The bad news was that it became illegal for private citizens to turn in their gold or they could face the illegal storage laws violation that had been enacted earlier. It was also illegal to sell to anyone except for the federal mints. Exporting or selling gold to foreigners was also against the law.
Late in 1935, Trabuco went back to the US to begin selling the Mexican gold. He went back to his group after his visit to explain that selling in the US could be impossible and they should look at a different plan. The reason he came back with this report is that he spoke with private broker in Denver, Colorado that explained no private broker would touch foreign gold.
He learned at Denver, no private broker would touch foreign gold. Trabuco's plan was to acquire a trusted Latino U.S. citizen partner, file a mining claim and filter the bullion through the mine records to the federal mint sales.
A bit of history occurred with several members of the Trabuco group dying from either illness or World War II. At the end of the war, the only surviving member was Trabuco.
Trabuco tried on various occasions to sell his gold; however, all were met with problems. During 1933 and 1934, it is believed the gold was stored near by the Shiprock area, on the Indian reservation, however, at a later date he did move the gold to his private site. Searches have been made throughout the area, but the gold has never been recovered.
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If you believe everything you read you are reading to much.
Treasure is a Harsh Mistress
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