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Can Zobel and Tagle’s Testimonies Serve as Insurance of the Marcos Gold Narrative?


By: Elena Grace Flores

Sa Iyong Araw
[VIDEO]: Zobel and Tagle’s testimonies on the Marcos Gold

Insurance of the Marcos Gold

Many stories about the Marcos gold emerged since the 2016 elections. They are further enhanced in 2022 when Bongbong Marcos ran for President. Now that he’s already the president-elect, people are looking for the insurance of its truth. It is mind-boggling.

Zobel’s Testimony

The late industrialist Enrique Zobel wrote in his recollections that 35 billion USD worth of gold is left by the late President Ferdinand Marcos to his wife, Imelda Marcos. It’s worth more than 100 billion dollars now not including interests. His testimony is in the records of the Senate Blue Ribbon Committee. The value here is not the question. Filipinos dig deeper to get the insurance of its validity.

Tagle’s Defense

The former priest, Marcelino Tagle of Bataan, and the former director of Caritas Manila were in the Inquirer feature. He said that Marcos has consolidated gold. Tagle was the late Filipino leader’s adviser. In his defense, he said that the gold certificates are deposited in 150 countries including Switzerland. In the Senate Blue Ribbon Committee Tagle said that wealth was not ill-gotten.

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