7 million ounces of silver found off the coast of Ireland

[DMac]

$230M in silver found in WWII shipwreck off Ireland (http://content.usatoday.com/communities/ondeadline/post/2011/09/230m-in-silver-found-in-ww2-shipwreck-off-ireland/1)

snip

U.S. treasure hunters have found a World War II shipwreck containing an estimated $230 million in silver, the largest cache of precious-metal booty ever, the BBC reports.

Wow! :o

[sirgonzo420]

$230M in silver found in WWII shipwreck off Ireland (http://content.usatoday.com/communities/ondeadline/post/2011/09/230m-in-silver-found-in-ww2-shipwreck-off-ireland/1)

snip


Wow! :o



Maybe boating accidents aren't such a good idea after all.

[goldleaf]

This here is the mother of all boating accidents!!

[undgrd]

I'm sure they'll raise the ship only to turn it over to the crown.
::)

[sirgonzo420]

I'm sure they'll raise the ship only to turn it over to the crown.
::)


Depends on if it was Northern Ireland or the Republic of Ireland..... or if the waters it was found in is considered under the jurisdiction of the United Kingdom and thus, the Crown.

[Neuro]

I'll tell ya tis de LEPRECHAUNS!

[DMac]

I'm sure they'll raise the ship only to turn it over to the crown.
::)

From the article:


Under a contract with the U.K. government, the Tampa-based company will keep 80% of the cargo's value.

[chad]

forget this story, i'm waiting for the one where they find a giant ship loaded with AAPL stock certificates.

[bl96S5eu]

chad, that is some funny stuff there...it would probably be the same group of guys busted in Italy.

[gunDriller]

it's only in 14,000 feet of water.

maybe we should all chip in and buy a submersible.


as far as Biggest Boating Accident, i think those honors might belong to the "Central American".

Gary Kinder's book "Ship of Gold in the Deep Blue Sea" was about the Central, and about the massive project to recover the gold.

it was a ship full of gold from the 1849 gold rush. it sailed from SF, around the tip of South America, then back up the East Coast, where it eventually went down off the Carolina's - with 21 tons of gold on board.

the book is mostly about the recovery effort & Tommy Thompson, the engineer who made it happen. what they recovered had a value of about $1 Billion in 1989.

since they weren't the only treasure hunters out there, that's one of the interesting parts of the book - all the stuff they had to do to hide the fact that they were hot on the trail of a size-able bounty. sort of like, "oh, no, we're not digging here - we're digging OVER THERE !"

i suppose ... 21 tons, call it English tons to be conservative, 21 x 2000 pounds, 21 x 30,000 Troy Ounces, call it 600,000 Ounces ... $1 Billion @ 1600 an ounce ... i think.

if it was worth $1 Billion in 1989, i guess a lot of it was historical & numismatic. nice haul in any case - and GREAT BOOK - i think you guys would like it.

http://www.amazon.com/Ship-Gold-Deep-Blue-Sea/dp/0871134640

http://ecx.images-amazon.com/images/I/5155KA7VQ5L._BO2,204,203,200_PIsitb-sticker-arrow-click,TopRight,35,-76_AA300_SH20_OU01_.jpg


http://www.uh.edu/engines/goldbricks.jpg

part of the bounty


http://www.uh.edu/engines/tommythomp.jpg

Tommy Thompson @ Boating Accidents Are Us. ;)


http://www.uh.edu/engines/epi1485.htm

review of the book & the history of the SS Central America.

[Awoke]

I don't know why people come out and tell the public when they find a score like that.
Loose lips sink ships, and the Queen has enough gold and silver already.

Shhhhhhhhh!

[learn2swim]

They already have a deal in place with the UK government, the hunters get 80% of the find, not bad.

[keehah]

7 million ounces of silver found off the coast of Ireland
All they have found so far is a shipwreck with a 7 million ounces of silver insurance claim.

[Neuro]

All they have found so far is a shipwreck with a 7 million ounces of silver insurance claim.

Ya think that people would lie about boatin accidents?

I used to think that myself until my own T-Tr-tr-TRAGIC b-b-Boating accident occurred!

Sorry I have to go and blow my nose now! :(

[gunDriller]

for a minute there, i thought this post got deleted.

i bought a lottery ticket today because it would be such a great time to win the lottery.

actually i got a rush from buying $3.50 in silver Wash. quarters last Friday. i guess that's about 2 1/2 ounces.

[Horn]

All they have found so far is a shipwreck with a 7 million ounces of silver insurance claim.

they're always after me lucky charms...

[mick silver]

dam dam i thought i sink my boat were nobody would find it dam dam what to do now