Noss Gold Treasure Episode 14

In Episode 14 of the Noss Gold Treasure, the investigation shifts to the early 1970s as President Richard Nixon positions himself to gain access to the vast fortune hidden inside Victorio Peak. The episode explores a pivotal July 6, 1970 meeting at Nixon's Western White House in San Clemente, California, where geologist Keith Alexander—representing a coalition of treasure hunters known as the "Filthy 50"—met with Nixon and Domestic Affairs Advisor John Ehrlichman. Alexander revealed secret knowledge of 742 gold bars weighing 40 to 50 pounds each (totaling over 3 million troy ounces) stockpiled at White Sands, seeking executive immunity and an official agreement to monetize the gold through the U.S. Mint.

Three days after the San Clemente meeting, Ehrlichman dispatched a personal memorandum to Treasury Secretary David M. Kennedy inquiring how the group could legally recover and sell the treasure. On July 17, 1970, Secretary Kennedy responded with an accommodating roadmap, noting that no federal license was required to search for or possess buried treasure, while proposing a 50/50 split with the government based on the prior Fort Huachuca precedent. However, when Kennedy proved too rigid regarding strict regulatory compliance, Nixon replaced him on February 11, 1971, with former Texas Governor John Connally—a close associate of Lyndon B. Johnson and an alleged co-incorporator of the LaRue Corporation, an entity formed in 1967 to manage and launder Victorio Peak gold proceeds.

The episode then unpacks one of the most consequential economic maneuvers in modern American history: Nixon's live televised address on Sunday, August 15, 1971, closing the gold window and ending the direct convertibility of U.S. dollars into gold. By dismantling the Bretton Woods monetary system, Nixon eliminated international audits and physical reserve accountability, effectively creating a systemic blind spot where missing national reserves or illicitly extracted military gold could no longer be tracked or audited.

Connecting internal White House memorandums, Treasury Department correspondence, corporate records, and Watergate-era disclosures, Episode 14 details how Nixon installed key gatekeepers and altered global monetary policy to set the stage for the massive thefts that followed. From San Clemente to the Oval Office, this episode exposes how presidential authority and monetary policy intersected with the covert plundering of America’s most controversial treasure. Join us for this latest episode as we tell the story so well documented by  author John Clarence.