Port Nickolson freighter found off of Cape Cod

[SEAWOLF50]

Port Nickolson freighter under British registry was sunk by U-87 Sub

June 16 1942. It was carrying 71 tons of platinum which is worth $3 billion

today, this was for payment to the U.S. from the Soviet Union


U-87 was commanded by Joachim Berger. The U-boat came our of Brest

and was sunk on March 4 1943 with all on board.

[GoldenRivet]

$3 billion?

How deep?

Where is my scuba gear?

Anyone got a suitable boat?

[Rockstar]

What I want to know is who was looking for it and how did they find it?

[von Kinderei]

Heres the story ...

http://news.yahoo.com/treasure-hunter-says-found-3b-wwii-wreck-212234672.html

[Tribesman]

Heres the story ...
Here's the pictures....

http://www.youtube.com/watch?feature=player_embedded&v=oFf1TTcs8O0#!

[geetrue]

This is a rare find ... money from Russia to the USA?

That much money could pay a days interest on the money
we borrowed from China :yep:

[August]

700 feet. Put the scuba gear away GR! :DL

[USS Drum]

700 feet. Put the scuba gear away GR! :DL

He's probably going to put armored plating on his scuba gear.

[GoldenRivet]

Scuba gear stowed.

WE NEED A SUB!!! :rock:

[Rilder]

Scuba gear stowed.

WE NEED A SUB!!! :rock:

Hmm I bet we could afford one if we got our hands on that Platinum.

[August]

Hmm I bet we could afford one if we got our hands on that Platinum.


Oh yeah, a really nice one with a crew. :D

[CaptainHaplo]

Someone can't do math....

71 tons of platinum - 32,000 ounces per ton. Thats 2,272,000 ounces.

The low price on an ounce of Platinum at its last trading was $1610.00 per ounce.

If you use the lowest price there - your looking at a bit over 3.6 Billion. So... can I have the extra 600 Million there?

[Tribesman]

The low price on an ounce of Platinum at its last trading was $1610.00 per ounce.

Not if 71 extra tons come into the market.

[kraznyi_oktjabr]

Not if 71 extra tons come into the market.Good point! So we have to bring that platinum up then sell it slowly and covertly in small batches to get as much as possible. :hmmm:

[Tribesman]

Good point! So we have to bring that platinum up then sell it slowly and covertly in small batches to get as much as possible.
Then again look at the date, is there a market mark up for pre nuclear age platinum like there is with other metals.

[Jimbuna]

In the article link below it shows that not all salvage is kept by the finders...the British government is still undecided on whether to make a claim:


In another case, a Tampa exploration company has been ordered by the courts to return $500 million worth of treasure from a Spanish warship to Spain. The ship was sunk by the British navy during a battle off Portugal in 1804.


http://www.tntmagazine.com/news/world/richest-shipwreck-treasure-found-on-ss-port-nicholson

[August]

It didn't take too many finds like that for governments to try and horn in on the action when these treasure hunters strike it big.

[Tribesman]

It didn't take too many finds like that for governments to try and horn in on the action when these treasure hunters strike it big.
Errrr...the legal owners have legal rights, every salvage company knows that before they start so no government is horning in on anything:88)


In the article link below it shows that not all salvage is kept by the finders
Is that the one where they just lost in court because they stole the spanish gold and smuggled it out via Gibraltar thus causing a big diplomatic problem in addition to the attempt at theft?

[Jimbuna]

Is that the one where they just lost in court because they stole the spanish gold and smuggled it out via Gibraltar thus causing a big diplomatic problem in addition to the attempt at theft?

I couldn't honestly say because I know nothing of the case other than the details in the article link I posted earlier.

[Tribesman]

details in the article
Spanish off portugal 1804.... in the papers last week........It was the Nuestra Senora de las Mercedes, the salvage company is Odyssey, the main court hearings were in Florida and Georgia plus there was an earlier counterclaim on the gold made by Peru.
First they had claimed that the ship was unidentifiable(despite being already covered by very strict salvage regulations in those waters) then after positive identification from the cannon and artifacts they had recovered they tried to start a wild goose chase defence of claiming that instead of handing the money to the government they would attempt to track the decendants of the lost crew and maybe give them shares.:doh:
Odyssey, isn't that the crowd that have got permits from your govt. to search the channel for lost British treasure. Best hope they don't try and land it in Sealand and then smuggle it back home.

[Jimbuna]

Spanish off portugal 1804.... in the papers last week........It was the Nuestra Senora de las Mercedes, the salvage company is Odyssey, the main court hearings were in Florida and Georgia plus there was an earlier counterclaim on the gold made by Peru.
First they had claimed that the ship was unidentifiable(despite being already covered by very strict salvage regulations in those waters) then after positive identification from the cannon and artifacts they had recovered they tried to start a wild goose chase defence of claiming that instead of handing the money to the government they would attempt to track the decendants of the lost crew and maybe give them shares.:doh:
Odyssey, isn't that the crowd that have got permits from your govt. to search the channel for lost British treasure. Best hope they don't try and land it in Sealand and then smuggle it back home.


Ah, right....I now have a better understanding :up:

Google is my friend :DL

[jumpy]

We'll have that back from our war debt/anglo american loan, thanks USA. :haha: