So, instead of shipping the treasure back to Japan, Golden Lilly operatives began hiding the loot in caves and underground complexes throughout the Philippines.The Japanese believed that when the war ended they would be able to keep the Philippine Islands as a concession for peace.This sort of enterprise took careful planning and an established network to transport the loot safely and efficiently back to the Japanese homeland.
According to various post-war estimates, the gold bullion alone totals 4,000 to 6,000 tons!
It was rumored that Marco’s rise in politics was financed in part by Yamashita’s hoard.
One of many stories about Marcos places him with a party of Japanese soldiers who hid gold in a tunnel at the end of the war.
As the Allied forces closed in, General Yamashita kicked the treasure concealment campaign into high gear.
Yamashita dug massive tunels in the mountains outside Manila, some to depths of hundreds of feet, leading to the final ‘storage chambers’.
When the Allied forces landed on Luzon there was still much treasure remaining to be buried, so General Yamashita loaded the remaining loot on trucks and took it with him as his army retreated across the island.