Diving for scraps of gold
The high price of gold has one treasure hunter going back to a previously salvaged wreck looking for the scraps. Only five bars of gold were left unaccounted for on the wreck of the Royal Merchant Ship Niagara, but those could now be worth more than $2 million New Zealand dollars (about $1.2 million US).
The ship was sunk by a German mine at the onset of World War II in 1940. Salvage operations in 1941 and 1952 recovered 585 bars of gold, leaving five bars resting on the bottom. Recent increases in the price of gold are making the 120 meter dive look profitable so Keith Gordon, of Tutukaka-based SeaRov Technologies, is going after them.
Via “The Northern Avocate”:http://www.northernadvocate.co.nz/
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September 28th, 2007 at 7:40 am
i read about the explorers interest on sunken gold. But there are a lot of unexplored gold containing shipwrecks in the philippines according to world war II veterans. anyone interested kindly get in touch with me. I might be of help. fcbeduc@yahoo.com
February 23rd, 2009 at 8:22 pm
Real interesting story, especially with the recent rise of the price of gold. I know it’s an old story, but is there an update?
Mike