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National Geographic did have a documentary special about 10 years ago, concerning a Japanese I-Boat which had a rendezvous with a German U-Boat off the coast of France in possibly 1944. A US Navy attack aircraft caught them both on the surface, and, at least, sent the I-Boat to the bottom. Naval Intelligence indicated that there was gold on the Japanese Submarine. German and Japanese submarines were almost the ONLY physical means of communication between the two Axis partners: and Germany traded her war material plans (such as the ME-262 Jet & ME-163 Komet) for Japan's newly acquired riches from her conquests (such as metals). The National Geographic team(s) found the sunken I-Boat; but complications set in, as they often do with those DEEP DIVES, and the search within the sunken wreck could not be stretched any further. For the search that was done for this particular episode on National Geographic, there was no gold found.

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Q: Did Japanese bury gold in the Philippines?
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