FactCheck: At the time of former president Ferdinand E. Marcos’ death in 1989, only 94,665 metric tons of gold had been mined. FactsFirstPH
A certificate of entitlement allegedly signed by former president Ferdinand E. Marcos shows that the late president deposited 1.1 billion metric tons of gold bullion in a special trust deposit. Not enough gold:
The declared amount of gold bullion in the alleged certificate is just ridiculous. There’s not enough gold mined throughout history for Marcos to deposit this much gold in a trust account. , the total above-ground stocks of gold had only reached 205,231 metric tons in 2022. Above-ground gold refers to all the gold mined throughout history.According to M. G O’Callaghan’s bookpublished by the International Monetary Fund in 1991, only 94,665 metric tons of gold had been mined throughout history.
The United States Geological Survey says that around 244,000 metric tons of gold have been discovered toUsing these figures, it can be estimated that there are only 38,769 metric tons of gold left to be mined.Keep us aware of suspicious Facebook pages, groups, accounts, websites, articles, or photos in your network by contacting us at [email protected]. You may also report dubious claims to
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