As I said before Adnan Kashogi's boat Nabila left Manila Yacht Club at the same time the Marcos were airlifted to Hawaii. The gold would have went on the boat, not the C-141.
That is an interesting and plausible theory.
The only problem is that both Marcos and Kashoggi were arrested, tried and acquitted for that crime. They were found innocent. Also the trial revealed that the U.S. discovered ~ $200 million in artwork and cash - the only gold was jewelry and coins with just 24 gold one kilo bars on the list. Here's the list of what was on the C-141 when it landed at Hickham AFB direct from the Philippines.
There were 278 crates of jewelry and art worth an estimated $5 million. Twenty-two crates contained more than P27.7 million in newly minted currency, mostly hundred-peso denominations worth approximately $1,270,000.
There were other certificates of deposit from Philippine banks worth about $1 million, five handguns, 154 videotapes, 17 cassette tapes, and 2,068 pages of documents – all of which were impounded by Customs. The Marcos party was allowed to keep only $300,000 in gold and $150,000 in bearer bonds that they brought in with their personal luggage because they declared them and broke no US customs laws.
There is very good evidence that Marcos, beginning a few years before the downfall, was moving the physical gold he held into hypothecated paper gold. Many in the industry at the time thought this was due to a deal he made with the U.S. to suppress the gold market in exchange for U.S. support for his crumbling political empire.
Marcos did claim to have physical gold stashed. Marcos boasted, on a tape played at a House Foreign Affairs subcommittee hearing, that he had “tons” of gold in “secret caches. . . . Nobody knows how much is there.” It's not possible to "sell" as much gold as the Marcos had. The real issue for that much gold is not money or cash but what power can be derived from the exchange. The power for Marcos was retaining his kingdom in the Philippines. In the end the U.S. stepped in and took extraordinary measures to save him and his wealth. So the deal worked out well for the Marcos and the U.S.
Participating in the gold market since 1974 I can tell you that much gold moving always makes waves. In the 1981 - 1987 era the waves were obvious in the paper gold market (COMEX). All evidence points to the bulk of the Marcos physical gold being hypothecated and leased out before and after the Marcos downfall.
