gollum said:
... That question and statement is from a person who has never had to try and sell gold "under the table" (especially in large amounts). First of all, it's not like the gold is easy to move. It took several months to fly it all into the US (in approximately 1500 pound loads each flight), so as to avoid attracting attention.
Next, let's talk about selling the gold off. ... If they tried to sell the gold "under the table", who would they sell it to? ... etc. Mike
I agree that selling gold bullion today would arouse a lot of attention from a lot of people, especially today's government, which would settle for their share of taxes if they couldn't confiscate the loot in the first place. But this so-called 17-ton event presumably happened 70 years ago, and I can assure you Mike that the sale of gold bullion in those days was much easier to accomplish. I personally knew a gentleman, now deceased, who got lucky and sold a 30 pound bar of gold to a barber in Silver City, NM, who used it as a doorstop and conversation piece at his business. I verified the story myself as factual by asking some old timers who saw the bar. The seller used the proceeds to buy a ranch near Hondo. Nobody said boo to him, ever.
Let's fast forward to the early 1970's, when it was still illegal to own gold. I was working in an underground mine near Ouray, CO, and visited a fellow worker's father's house one weekend in Montrose. The father was also a miner. In his garage was a wooden box of picture rock high-graded from said mine - about 20 pounds of white quartz shot through with large quantities of coarse gold and wire. I asked my friend about it and he matter-of-factly informed me that the ore was to be sold for cash two weeks hense to a Red Chinese agent who came through town twice a year. No big deal, lots of guys did it when they could get the high-grade, which was often as I witnessed myself in that mine.
Admittedly, these two stories are anecdotal, but they are both true. If one guy like me can relate two examples like this, don't you think that there have been many other occurances? You may be paranoid about attracting attention today, and rightfully so, but not so in days gone by. And in Mexico, a cash sale of gold to an American, European, South American or anyone else would have been even easier for Trabucco and company.
There was no reason for them to move the bullion out of their control. This is a good story all right, but chasing it will get you nowhere fast.