• Category Archives Submarine U-530
  • Book-1 Chapter 24: Give Me Some Truth – Submarine U530

    Dr. K. explains how some NAZI gold left Germany before the end of WWII:

    “Over one thousand tons. By 1945 they had over ONE
    THOUSAND tons of gold in their bank. That was an INCREASE of
    over six hundred million dollars! In 1940, the whole budget for the
    United States was nine billion dollars. Just the increase in gold, that
    little ole Argentina had in their bank, was nearly seven percent of the
    budget of the biggest economy in the world. Now how do you
    account for that? Or that…” Dr. K. paused as he fished his hand
    around in the inside breast pocket of his blazer. He pulled out a
    folded paper that he unfolded and read from, “Let me see here,
    Switzerland increased their reserve gold by 106%, Spain’s went up by
    147%, Sweden’s by 184%, Turkey’s by 265%, and last, but by no means
    least, Portugal increased their gold reserves by four hundred sixty
    percent!” He then handed the paper to Lou.

    “They were all neutral during the war,” Bonner stated to Lou.

    “Including Argentina, where my school chum was born and
    raised by his Argentinean mom and ex-U-boat sailor dad. Now he
    and I once got into a very interesting discussion, back in school. He
    and I would often talk about it, whenever we got together, even years
    later. See he contended that the U-530 his dad sailed on was out
    making deliveries, before they surrendered in Argentina.”

    “Gold?”

    “That was part of their cargo, but he thinks that much more than
    that was going on.”

    “Why? Sounds simple to me, the Nazi’s load up some gold,
    before the Russian’s overran them in Berlin. They bury some in that
    mine and ship some out by submarine.”

    “That’s all I figured, too. Until Carlos started telling me about
    what he had picked up on as a kid, growing up around his father. For
    one, the 530 left Norway in April 1945, just weeks before the German
    surrender. But they didn’t show themselves until July 1945. Now that
    type of sub had a thirteen thousand mile range. Norway to Argentina
    is nearly seven thousand miles. If they traveled at ten knots, they
    would have gotten there in under a month. What were they doing for
    the other two months? Think about it! Germany surrendered to the
    Allies in May. And this sub doesn’t show up until July?”

    Page 366