Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Wednesday, 17 July 2013

Vessels Unto Honor

“”But in a great house there are not only vessels of gold and of silver, but also of wood and of earth; and some to honor, and some to dishonor. If a man therefore purge himself from these, he shall be a vessel unto honor, sanctified, and meet for the Master’s use, and prepared unto every good work.” II Timothy 2:20, 21

Here the church, or the body of Christ, is depicted as a house or dwelling place with some furniture of great value; some of smaller value, and put to meager use or no use at all. Today, as well as in Biblical days vessels used around the house have their place of service. Expensive vessels are reserved for special purposes. The cheapest vessels are expendable and in some cases thrown or given away if rendered unuseful.

The materials used in the building (Church) may be interpreted in at least four ways:

(a) The gold, silver, costly stones refer to the enduring quality of the builder’s work; and the wood, hay, or straw suggest work that is temporary and valueless. This view is supported by “work” (v. 13) and “what he has built” (v. 14). (b

Friday, 24 May 2013

Proverbs 25:12 - As an earring of gold, and an ornament of fine gold, so is a wise reprover upon an obedient ear.




As an earring of gold, and an ornament of fine gold, so is a wise reprover upon an obedient ear.



You can make fine jewelry – two ways! This jewelry exceeds anything sold in stores! God perpetuates His truth and wisdom by those who teach it and those who obey it. Are you good at both? It is a beautiful thing for a wise man to teach an obedient hearer.

It takes two to fight! It takes two to tango! Human relations require at least two people. For God’s rare truth and wisdom to remain in the earth, there must be a teacher and a follower. Are you good at both? Do you obey God’s truth fully? Do you teach it well?

Sunday, 7 April 2013

Silver and Gold


A few months ago a reader wrote to tell me how devastated she’d been by the breakup of her marriage. One day her husband simply told her he no longer loved her and wasn’t interested in working things out. The marriage was ended.

At times her pain was physical. She felt as though she were having a heart attack. But through the pain and chaos, she refused to doubt God, telling him she knew he was faithful and good. During the months that followed, this heartbroken woman kept seeking him, yielding her life again and again.

Now a year later, after living through what she describes as the darkest time of her life, she speaks about healing and a new freedom to love God that she never imagined possible. Her hope is palpable as she tells of her confidence that the best is yet to come.

Friday, 30 November 2012

Change Your Self-Image

Written by Terri Savelle Foy

When I was a little girl growing up in church, many times they would call all the children of the church up to the front for the guest minister to pray over. We would all be lined up waiting for the preacher to get to us and wondering what he might say. I would hear all these amazing things about the kids down the row, then I would hear the preacher say things to my sister like, "You're bold and courageous! You're a powerhouse! You're a lion!"

I would be standing there just waiting to hear what awesome things he might say over me. Suddenly, he'd get to me and his voice would become very soft and he'd almost whisper, "And you're just precious! You're a little sweetheart. You're a peacemaker and a little lamb." I thought, "That's not fair! I want to be the lion!"

Saturday, 26 May 2012

2,000-year-old earring new clue about life in Jerusalem


— A luxurious gold, pearl and emerald earring provides a new visual clue about the life of the elite in Jerusalem some 2,000 years ago.

And its discovery was a true eureka moment for excavators.

The piece was found beneath a parking lot next to the walls of Jerusalem's Old City. It dates to the Roman period just after the time of Jesus, said Doron Ben-Ami, who directed the dig.

The earring was uncovered in a destroyed Byzantine structure built centuries after the piece was made, showing it was likely passed down through generations, he said.

Archaeologists came upon the earring in a corner while excavating the ruins of the building under a parking lot. “Suddenly one of the excavators came up shouting, 'Eureka!' ” Ben-Ami said.

The find is eye-catching: a large pearl inlaid in gold with two drop pieces, each with an emerald and pearl set in gold.

Israelis unearth Byzantine gold hoard

Archaeological volunteer Nadine Ross of the United Kingdom displays a handful of 7th century Byzantine-period coins that she discovered at an excavation site outside the Old City of Jerusalem, Monday, Dec. 22, 2008. Israeli archaeologists say they unearthed more than 250 gold coins from the seventh century in excavations on the edge of Jerusalem's walled Old City. Israel's Antiquities Authority says the Byzantine-period hoard was discovered among the ruins of a building where a 2,000-year-old gold earring from the Roman era was dug up last month. (AP Photo/Kevin Frayer)

Archaeological volunteer Nadine Ross of the United Kingdom displays a handful of 7th century Byzantine-period coins that she discovered at an excavation site outside the Old City of Jerusalem, Monday, Dec. 22, 2008. Israeli archaeologists say they unearthed more than 250 gold coins from the seventh century in excavations on the edge of Jerusalem's walled Old City. Israel's Antiquities Authority says the Byzantine-period hoard was discovered among the ruins of a building where a 2,000-year-old gold earring from the Roman era was dug up last month. (AP Photo/Kevin Frayer) — AP


 — Israeli archaeologists said they have unearthed more than 250 gold coins from the seventh century on the edge of Jerusalem's walled Old City. A British tourist volunteering at the dig discovered the trove on Sunday.

Israel's Antiquities Authority said the Byzantine-period hoard was found in the ruins of a building where a striking 2,000-year-old gold earring from the Roman era was dug up last month.

Monday, 14 May 2012

The 9 Most Surprising Things Worth More Than Their Weight In Gold

By Meredith Margrave


Hold on to that... it's worth its weight in gold. 

But is it really? Although it's a common figure of speech, very few things actually meet the criteria.

Let's do the math:

Today, one troy ounce of gold is worth about $1,250. With the help of some basic multiplication and division, and our knowledge of weight conversions, let's derive some other basic gold prices, rounded up to the nearest dollar:

One troy ounce of gold = $1,250
One standard ounce of gold (slice of bread) = $1,140
One pound of gold (loaf of bread) = $18,229
One gram of gold (dollar bill) = $40
One kilogram of gold (pineapple) = $40,187
One ton of gold (small car) = $36,457,500

5 Most Popular Gold Coins


gold prices

One way to invest in the precious metal gold is to purchase bullion coins. A bullion coin differs from a numismatic coin because its value comes from its precious metal content, not because the coin is rare or has historical significance. Experts recommend that investors hold bullion coins, leaving the numismatics to collectors. The most widely circulated bullion coins contain 90 to 99.99 percent pure gold and weigh one ounce.

China Buys 47% of the World's Gold

1.3 Billion Inflation-Nervous Chinese Look to Gold for Protection



China is panicking.
Rampant inflation is driving Chinese consumers to buy gold on a massive scale...
In fact China is already set to buy almost half of all the gold that'll be mined this year.
You read that right: The Chinese may buy nearly 50% of total world gold production in 2011.
This incredible demand will no doubt put significant strain on global supplies.
Today I want to talk about how this soaring demand may be the catalyst that pushes gold prices over the $1,500 level in as little as a few weeks.
Over 1.3 billion inflation-nervous Chinese eye gold
In January 2010, China recorded an inflation rate of 1.5%. But just 12 months later, the rate of Chinese inflation has climbed to 4.9%.
Rising inflation has sent food and property prices in China skyrocketing.

Sunday, 13 May 2012

How Much Gold is in the World?

Greg McCoach, Editor of The Mining Spectulator and Greg McCoach’s Insider Alert gives a specific measurement of how much gold is in the world.

The total amount of gold production, worldwide, is 50 million troy ounces per year. But the amount of physical gold that currently exists above ground – which is within the market- visually looks much less daunting than anything 50 million ounces worth!
“What people need to realize is, they call it precious metals because it really is so rare. If you took all of the physical gold that exists above ground in the world and melted it down into one giant cube, that cube would measure 20 yards, by 20 yards, by 20 yards. It’s a tiny market.”

That figurative cube of gold would measure to be the length and width of two volleyball courts side-by-side, while being 20 yards thick.
That is an incredibly small amount of metal for something that is used as one of the most valued investments throughout the world as prices continue to rise! To give you a better idea, we here at Wealth Daily, have created a scale to show you just how much gold that would be if melted down into a cube with the image below.

50 Surprising Facts You Never Knew About Gold

By InvestingAnswers Staff
50 Surprising Facts You Never Knew About Gold
1. The word "gold" comes from the Old English word "geolu," meaning yellow.
2. There is more steel created per hour than there has been gold dug up throughout history.
3. Around 161,000 tons of gold have been mined by humans.
4. Gold can be found beneath the earth on all seven continents.
5. It is believed that around 80% of earth's gold is still buried underground.
6. There is an estimated total of 10 billion tons of gold in the world's oceans. That is 25 tons of gold for every cubic mile of seawater.

7 Places Where You Can Still Pan for Gold

Posted by The Penny Hoarder
Gold Pan

Define the perfect family vacation.
Could it be soaking in scenic landscapes from America’s streams and rivers? Maybe it’s learning about an historic piece of the American experience? Certainly, striking it rich and pulling out a 17 pound chunk of gold worth millions would be an enticing bonus!
For centuries Americans have taken to rivers and streams in search of the ultimate riches and at many historic claims, you still can.

Friday, 23 March 2012

But God Knows the Way

"Behold, I go forward, but He is not there; and backward, but I cannot perceive Him: On the left hand, where He doth work, but I cannot behold Him: He hideth Himself on the right hand, that I cannot see Him. But He knoweth the way that I take: when He hath tried me, I shall come forth as gold" (Job 23:8-10).

We are finite. God is infinite. We do not know what a day will bring forth. He knows the end from the beginning. There are times when, like Job, we seek earnestly to know the way wherein we should walk, and the thing that we should do, only to discover "that the way of man is not in himself: it is not in man that walketh to direct his steps" (Jeremiah 10:23).

But God knows the way that the child of God takes. It may be dark, but nothing is hidden to Him. It may be difficult, but He is never dismayed. It may be long, but He never grows weary. It may be lonely, but there is always the loveliness of His presence. But God knows, so we walk onward by faith in life's pathway with the assurance that it leads to glory, and the city of God.


Thursday, 22 March 2012

The Yamashita Treasure

Thursday, January 8, 2004
Ming the Mechanic:
The Yamashita Treasure

The NewsLog of Flemming Funch
by Flemming Funch

Here's an article from Manila Times last month, in part about a book about what happened to the "Yamashita Treasure", a huge amount of gold that the Japanese army had looted and hid in the Philippines during WWII in various hidden places, managed by an elusive network called "Golden Lily", initiated by Emperor Hirohito, apparently.
Some of these repositories have been found. The key figure in their discovery was Severino Garcia Diaz Santa Romana (an alias), who was on the staff of General MacArthur’s chief intelligence officer, General Willoughby. Santa Romana saw a Japanese ship being unloaded and heavy boxes deposited in a tunnel whose entrance was sealed with a dynamite blast.

After the war, Santa Romana and then Captain Edward Lansdale of the OSS (the precursor of the CIA) tortured the driver of General Tomoyuki Yamashita, Japan’s last commander in the Philippines, into revealing some of the Golden Lily sites.

Hand-picked troops of the US Army Corps of Engineers opened about a dozen Golden Lily sites in valleys north of Manila. They found gold ingots “higher than their heads.”

Lansdale reported the find to MacArthur in Tokyo, who ordered him to brief Truman’s security adviser, Clark Clifford.

According to the Seagraves, MacArthur himself and Henry Stimson flew to Manila secretly to inspect the treasure caves. They concluded that the Golden Lily sites in the Philippines contained several billion dollars’ worth of gold.

In order to keep the discoveries secret, MacArthur decided to have Yamashita tried by a court-martial for war crimes and then hanged on February 23, 1946.

Lansdale was put in charge of the recovery of the Golden Lily treasures. The Seagraves aver that Santa Romana was instructed by members of Stimson’s staff to deposit the gold in 176 banks in 42 countries. The deposits were in his name or in one of his many aliases. Negotiable certificates were issued by the banks against the gold deposits.

It was this money, the Seagraves alleged, that the CIA used to buy politicians in Japan, Greece, Italy, the UK and many other countries around the world. It also paid for the secret rearmament of Japan after the outbreak of the Korean War.

In 1974 Santa Romana died. He left a hand-written will that named Tarciana Rodriguez and Luz Rambano, his common-law wife, as his heirs.

With the help of Melvin Belli, a San Francisco lawyer, Rambano filed a suit against John Reed, the CEO of Citibank, for the “wrongful conversion” of some $20 billion of Santa Romana’s gold. The case is still unresolved.

Tarciana is Luz's cousin, and was actually only mentioned for a small amount in Santa Romana's will. But it seems she succeeded in maneuvering things around so that it looked like she was due a lot more. And she's tried a lot of things to get hold of that, without success either. 

Anyway, an intriguing and hairy story, obviously. Torturing Yamashita's driver - that wasn't very nice Santa! 



Saturday, January 3, 2004 

I ran into this article about "Project Hammer - Covert Finance and the Parallel Economy". And, well, I'm always interested in good conspiracy stories and possible scenarios for what is going on behind the scenes. But here it sticks a little deeper, as I happen to know some of the players in the story. Project Hammer is apparently a high-yield investment program of gargantuan proportions that was run by intelligence operatives and shadey bankers. Dealing with amounts that, as it says, would challenge whatever reality you had about international banking, just by their fantastic and unbelievable amounts. Multi-trillion dollar funds.
"Research shows that gold recovered by the forerunner to the CIA--the Office of Strategic Services (OSS)--was deposited in Citibank (and many other banks, too), not in the name of the OSS or CIA but in the name of one of their operatives, Severino Garcia Santa Romana.

On his death in 1974, some--but not all--of Romana's "assets" appear to have been illegally acquired by former Philippines President Ferdinand Marcos, who was at one time Santa Romana's attorney. According to Santa Romana's widow, her husband gave Marcos a limited Power of Attorney for use solely in the Philippines, since he travelled abroad regularly. It seems that Marcos somehow made use of this to gain control over Santa Romana's gold and other assets.

It also appears likely, based on documents in this writer's possession, that considerable quantities of gold once held by Santa Romana were later placed under the control of former CIA covert operator Major-General Edward Lansdale. However, these assets were lodged with the Union Bank of Switzerland. Again, it is worthy of note that they were placed in Ed Lansdale's name, not in the name of a US Government agency. These assets are very clearly off the books.

Large quantities of gold held by Citibank remained in the account names of Severino Garcia Sta. Romana and José Antonio Diaz de la Paz (the latter being a well-known alias for Santa Romana) under reference codes "Fanerst King Fisher" and "Burgst Harbor King" respectively.3 These have been the subject of a legal wrangle between Santa Romana's heirs and Citibank's John Reed.

The fact that the gold held by Citibank and others may not have been in the name of the Central Intelligence Agency or the Federal Reserve--but, rather, was in Santa Romana's name--may have been all Citibank needed to wriggle out of a poorly crafted question."

Severino Santa Romana's widow's name is Luz Santa Romana. I've met her several times. Mindblowing of course that this frail little old philippino lady would be potentially the richest person in the world. She was the primary heir as well as the executor of the estate of Severino Santa Romano. We're talking about 1.3 trillion dollars in gold and cash in well-documented accounts. Yeah, ok, most "normal" people will instantly get overwhelmed with disbelief and will stop listening, after hearing such outrageous amounts and fantastic stories. But, well, confirmations keep appearing from many corners. And, personally, after spending time with some of the key people, my initial disbelief gradually turned into the realization that things probably were pretty much like they presented them. 

Luz re-married to Jim Brown, an American businessman who had already spent years researching such matters. And together they went to work on trying to access her inheritance. And they were having loads of problems with it. One time after another it was really close, but the bank pulled out at the last moment, suddenly deciding they needed another piece of paper that wasn't available. Or an assortment of other strange things happened. 

It isn't very strange of course. If we're talking about a behind the scenes operator, moving around large sums of ill-begotten wealth, which is used for dealing arms, covert operations, bailing out banks behind the scenes, etc, and some of the funds incidentally were still in his name when he died, it is not just going to be handed over to his little old widow in a plastic bag. Because the people who were using it didn't consider it his personally, whatever it said on the accounts. And the amounts are so large that they can only be moved around very carefully without crashing national economies. You can't just go and withdraw hundreds of billions of dollars and put them in a briefcase. Anyway, Jim and Luz didn't even succeed getting a few million withdrawn. Because, of course, if they succeeded at that, they could much better demand the rest. Besides, the point is that the funds mostly weren't there any more. They had been snatched up by some of the people who were used to playing with them, plus by some people who found ways of gettting their clammy hands on some of them, like Marcos. 

My reasons for being interested was in part that these were otherwise normal and pleasant people, and they were having problems they needed help with. Some rather weird, interesting and unusual problems, but still. Secondarily, in case they did happen to get access to even a portion of the lost billions, I could certainly think of ways of helping them flow them in good directions. I'm not thinking of myself, but rather, you could make a hell of an influential non-profit organization with just a very small chunk of the amounts we're talking about. So, in part what I did was to invite a group of people to think together about how one might do that, and how we could present it. And a team of dedicated folks worked for several months and came up with a draft plan for the New Civilization Foundation. The general idea was to support viable distributed alternatives to the oppressive and centralized way things otherwise are done. 

I handed the plan to Luz and watched her as she read it over carefully. She didn't blink over the suggested 10 billion dollar yearly budget. As a matter of fact she nodded and said she'd really like to support it, but she had to apologize that it unfortunately wasn't possible at that exact moment. 

It didn't particularly get much closer. Luz passed away now a couple of years ago. Jim is her heir, so in principle it is all in his hands. But increasingly unlikely. And he's tired of trying. So, he's concentrating on his book about the whole affair. Here
's the simple site I set up for him earlier. The book was initially the "insurance policy". He would publish it, with all the juicy details and names and documents, if the banks didn't cooperate. Well, they didn't and probably won't. And bringing the story to light is more where Jim is at now. The book has grown from the initial one volume to four volumes. He hopes to make the actual publishing happen shortly, and I'm working on a new version of the site for him. 

http://ming.tv/flemming2.php/__show_article/_a000010-001030.htm

The Most Stunning Collection of Pre-Spanish Era Gold Artifacts

by Marketman
gold1

“Good God Damn!” was the unabashed and spontaneous reaction of an American tourist clad in a stereotypical plaid shirt. He had just stepped up to a massive “halter,” the “star” of the utterly stunning collection of pre-colonial gold that has ever so quietly opened to the public at the Ayala Museum. I will explain why his comment was a good one, and not intended to be blasphemous at all…
I was privileged and extremely grateful to have been invited to, and given what was tantamount to the finest private tour of the new exhibit : “Gold of Ancestors,” Pre-colonial Treasures of the Philippines. But this wasn’t supposed to be any special treatment whatsoever; a casual text invitation, a holiday lunch with friends, no formality in dress, then we slipped anonymously into the exhibit that had officially opened to the public just hours before. There were just 3-4 other visitors in the gallery at that point. It just so happens that the friends who gave me the tour, are members of the family that collected the artifacts and who have now permanently placed the pieces in a museum, available for the public to view. And while we were there, I was introduced to the curator of the exhibit and one of the authors of an upcoming book on the collection. Let me tell you, I had goosebumps for an hour, maybe more. It is rare that I would feel so incredibly proud to be Filipino, to think that many of these pieces were crafted and had come from an area geographically so close to where my own ancestors called home, (who were probably drying fish on the shores of Bohol and Cebu) unaware of the wonderful pieces that were being crafted and worn in Northern Mindanao, out of a yellow metal that spewed out of mountainsides and were panned for in pristine rivers in and around Butuan and Surigao.
Start your visit with a very well done short film that sets the stage for viewing the collection. Then stroll to the right of the viewing area to take in as much of the incredible artisty, beauty, history, culture and wonder that should overwhelm you, as it overwhelmed me, when I realized the collection included some 1,059 individual pieces of gold, ranging from tiny bits collected in graves and other sites, to pieces that simply boggled the mind, all estimated to have been made from the 10-13th century. Many were pieces of ornamentation such as earrings, diadems, rings, bracelets, pectorals (round shield like things that presumably hung from the neck and covered ones pectorals). There were sashes or “belts” in gold, bowls, and my favorite doodad, a pair of gold tweezers that, I was told, actually worked on thinning one’s eyebrows! I secretly wanted to try it on a nose hair or two. There was also an incredible array of orifice ornaments or pieces of gold that covered the eyes, nose and mouth of the deceased when they were laid to rest. Gold chastity pieces, and several pieces whose purpose still needs to be studied and confirmed. And as I speed through the description of items, the final, piece de resistance, a stunning over the shoulder “halter” which was the object of the plaid-clad foreigner’s comment up top.
gold2
This piece can only be described as the single most amazing gold doodad I have ever seen. Ever. And yes, I have seen the Crown Jewels. And I am being irreverent calling it a doodad because I am too uncultured to even partially understand how important this piece is and the whole collection that surrounds it. An intricate yet utterly modern sensibility made up of gold “rope” and beads, it weighs a whopping 4 kilos or nearly 10 pounds of pure gold. It is after reading the weight and staring at the piece, that the guy in plaid said, quite appropriately, “Good God Damn!” For me, the ultimate numbers guy, what should have been stunning alone was the weight of some of these artifacts, a beautiful bowl at 600-700 grams, a necklace at say a kilo or so, earrings so huge that they could have adorned the massive ears of a cow, for all I know. But ultimately, the goose bump effect wasn’t the richness and volume of the precious material. It was the sudden realization that for once, someone had bothered and at great personal expense I am sure, to buy up all of these pieces and put together a fabulous collection, then when they felt the time was right, have selflessly placed it in a museum so that the public, the Filipino people and guests from all over the world, can enjoy it and begin to learn more and more about an incredible period in our history. The goosebumps were also caused by the realization that the folks who inhabited these islands nearly a millenium ago were already so advanced in their craftmanship which was also true at different points of our history in the beautiful textiles, baskets, embroideries, etc. Unfortunately this craftmanship is rapidly disappearing and so many of our children have no inkling about this incredible amount of history and culture…
I know, there are many folks out there who will think, but what about the poor, starving, underprivileged citizens who would so benefit if all of this gold were sold off and the proceeds used to help them instead. For once, I say, have you completely lost your minds? This isn’t about the collection being worth its weight in gold (trust me, I did some quick crass calculations). It isn’t even that it is financially worth some 20-30 times its weight in gold had it been placed on the block at Sotheby’s or Christie’s… for the Filipino people, this collection is simply PRICELESS. And what are the wishes of the family who so generously made this possible? That making the collection available to the whole world will encourage extensive scholarly study of that period in Philippine history. That we all feel an incredible sense of pride in our local capabilities and craftmanship. That we give renewed attention to culture and history and a sense of perspective to who we are in the context of a millenia rather than perhaps the somewhat forgettable political foibles and “history” of the past 50 years. I realize many guests to this exhibit may not take away as much from it as I have, given such a personal tour which made it all the more real for me, but nevertheless, GO SEE THIS EXHIBIT if it is the ONLY cultural thing you do this year.
And back to the guy in plaid. As if his earlier comment wasn’t enough, he looked at us and said something along the lines of “imagine, if only you owned just a bit of this stuff?” Yes indeed, if only one did. If ONLY HE KNEW that the folks he was bantering with actually did once own it, and have in essence, returned it to the Filipino nation. I was watching this light exchange with a smile on my face. We had a really good laugh about it afterwards. So before you all go thinking this is Marketman and friends doing the ultimate golden fish pan post, I can tell you that not all wealthy folks are evil… a few of them do deeds like this one and you instantly understand the power of money, and more importantly foresight and a sense of national patrimony. Money can, and has, actually been used to preserve a priceless part of our history and culture. And I say bravo to that.
And as for the Spaniards who arrived in the 1500′s, discovered the cache of gold in Mindanao and took lots of it with them to make doodads of their own in Mexico and Spain, and in the process probably destroyed our local craftsmanship forever, that is another story altogether. But isn’t it ironic that some of their descendants were the ones who funded the building of the museum that now houses this fantastic collection? So the Zobel family that has worked so closely with the donors to provide a spectacular setting for a spectacular collection also deserve our thanks. And while at the museum, swing by the newly donated Chinese and Southeast Asian Trade Ceramics collection of the Villanueva family and an exhibit of old Philippine embroideries which are on loan from the Leiden Museum.
Oh and one final note. If you are feeling like the music and set up are giving you deja vu’s about recent movies like “National Treasure,” this is the real magilla. A TRUE NATIONAL TREASURE.
Gold of Ancestors
Pre-colonial Treasures in the Philippines
The Ayala Museum
Makati Avenue, Makati
Photos: The two photos used in this post are photos taken of the exhibit pamphlet handed out to visitors at The Ayala Museum.

LOST GOLD: THE S.S. REPUBLIC

Posted on Sep 6, 2008 in Found Treasure
The SS Republic paddle steamer
Estimated Value: $75,000,000 – $180,000,000 (75 – 180 Million Dollars)

SHIPWRECK

The SS Republic sidewheel steamer sinking When the sidewheel steamer SS Republic left New York in October of 1865, she was carrying 62 passengers and a cargo of $400,000 (1865 face value) in gold and silver coins. She was headed for New Orleans where the money would be used to help pay for reconstruction of the South after the Civil War.
On the fifth day of her voyage, a hurricane off the coast of Georgia proved too strong for the ship. By evening, her hull was leaking so badly that the fire in the boiler was extinguished. She stalled in heavy seas, taking on water faster than her crew and passengers could bail. The Republic sank beneath the waves.
While most of the passengers were able to abandon ship, the precious cargo of Gold and Silver Coins plunged to the bottom of the Atlantic ocean where they remained until…

REDISCOVERY

In the summer of 2003 Odyssey Marine Exploration, a commercial treasure hunting company out of Tampa, Florida, discovered the wreck of the SS Republic 1700 feet below the surface of the Atlantic Ocean approximately 100 miles off the Georgia coast.
Odyssey was awarded title and ownership to the shipwreck and it’s cargo, including the hull, artifacts and all the gold and silver coins that were on board when she sank.

SEARCH AND RECOVERY


A high-res side scan image of the SS Republic site.
The Bell from the wreck of the ss republic seen at the bottom of the atlantic ocean
The ship’s bell was recovered in October 2003.
The discovery of the SS Republic wasn’t just dumb luck, it took 12 years and thousands of man hours to finally pinpoint the wreck site.
Like a scene stolen from a Clive Cussler Novel, the search area was systematically narrowed down using information from old newspapers, survivors reports, ships’ logs and computer simulations.
The resulting data predicted potential locations for the ship’s sinking, based on combinations of surface current speed, effect of winds upon the ship’s movement after the engine failed, and effects of wind and current upon the movement of the ship’s boats and raft after they cast off.
All the research paid off; In July 2003, side scan sonar revealed a promising target, an initial video inspection was conducted which revealed a sidewheel partially buried by sediment, the ship’s rudder sheathed in copper, and a large field of artifacts and bottles, including preserved bottles of fruit or other food with corks still intact.
The ship’s bell was eventually located and recovered to positively identify the shipwreck as that of the SS Republic.
And there was much rejoicing!

COINS AND ARTIFACTS


Coins recovered from the SSRepublic shipwreck site. Each coin is picked up individually to avoid marring the surface.
To date more than 51,000 coins have been recovered from the wreck including $20.00 Double Eagles, $10.00 Eagles, Half Dollars and Quarter Dollars. The retail value of coins recovered so far is expected to exceed $75 million dollars.
The collection includes many of the finest examples of United States gold and silver coins from the period. To see samples check outfeatured coins from the SS Republic on Odyssey’s website.
In addition to the coins, approximately 14,000 artifacts have been recovered from the SS Republic, literally bringing the past to life. Many artifacts and rare items of cargo will be kept in Odyssey’s permanent collection for display and study.
The search and recovery effort was depicted in a National Geographic Society TV documentarycalled Civil War Gold. There is also a book about the search and recovery -  Lost Gold of the Republic.
Discovery Channel is making an 11-part series about Odyssey and their salvage operations that will air sometime in 2009 – think “Deadliest Catch” but with Gold instead of Crabs as the prize. You know I’ll be watching!

RESOURCES

View Pictures and Video Clips of the search for and the archaeological excavation of the SSRepublic on Odyssey’s official website (NOTE: You’ll be required to create an account before you can view the media).
As part of the pre-disturbance survey, the Odyssey team created a detailed photomosaic. Small areas of the shipwreck site were photographed and then the individual images were ‘stitched’ together. For a comprehensive view of the SS Republic photomosaic please click on the following link: “SS Republic Photomosaic“, courtesy of National Geographic 

FACTS AND MYTHS OF THE YAMASHITA TREASURE


It has been reported that former strongman Ferdinand Marcos was able to (to) corner about 40 percent of the Yamashita treasure that has been brought to the Philippines several months before the end of World War II. The treasures were reportedly recovered form several sites in the (te) country. 
Staying in power for 20 years was said to be a grand design for the former strongman to be able to recover these treasures after finding the master plan and old map which pinpointed the sites of these treasures. This reality leaves us with about 60 percent of the Yamashita loot after he ravaged several countries in (i) Asia en route (enroute) to Japan which he was not able to do so because of the abrupt ending World War II and the consequent defeat of Japan. Unknown to authorities, diggings for Yamashita treasures have (has) been going on in this country national treasure. Under this arrangement, treasure holders get 30 percent of the value of the treasure while 70 percent goes to the government. 
However, in the reality, treasure hunters sell their recovered treasures to traders and 'redeemers' who pay them from 70 - 75 percent of the value of their items based on the prevailing London Metal Exchange Rate.It is a widely accepted practice that the so called 'redeemers' are people who have been trained by a committee of Marcos' close associates who go around the county to buy not only recovered treasures but also other commodities such as Wells Fargo notes, Philippine Victory Notes, Ang Bagong Lipunan Notes, Treaty of Versailles notes, Federal Reserve Notes and Bonds, Peruvian money and even Iraqui money. these commodities command high prices ranging from several millions to billions of dollars. These bills are reportedly being backed by gold deposits or platinum or palladium (plladium) deposits (ddeposits) metric tons of the yellow metal and several trillions of dollars which (whch) would make Bill (Billy) Gates and Fort Knox pale in comparison. 
It is often claimed that the Philippines (philippines) is not only the pearl of the Orient, it is also the Gold Mine of the Pacific as for every foot of Philippine soil, lies a sizeable trace of gold. What makes the Philippines more interesting is the fact that three kinds of gold can be found here. One is the pinkish in shade gold, the bright yellow gold and the pale yellow gold. Aside from the billions of dollars poured in by overseas contract workers, a sizeable amount of money is poured in into the Philippine system through the sale of some of these commodities. Some of the money went somewhere else with no paper trail. 
For instance, last December, a European country bought some 5,000 metric tons of gold from treasure holders in Davao. It reportedly took 23 days to haul off said metals by commissioned planes everyday. Just last week, a neighboring country ?????? Treasure hunters are required to seek permit from the Department of Environment and Natural Resources for their diggings (digings). This is so to enable the government monitor not only the recovery of precious metals but also (aslo) to see to it that topography and surrounding (sorrounding) areas are not duly destroyed in the course of the diggings.An environmental impact assessment of the site used for diggings (digings) is likewise monitored to enable the government to install measures so as not duly destroy its surroundings (sorroundings.) 
During the Aquino administration, the granting of this kind of permit is being issued by the office of the president. If and when treasure hunters are able to recover precious items from their diggings, they are required to get another permit from the Bureau of Mines and Geosciences to enable them to transport said metals from their place of origin to sites such as meta laboratories for remionting???or assaying or somewhere else according to the demands (ddemands) of the holders. Under the law treasure hunters are required to sell recovered treasures to the central bank as they are part and parcel of the country.
Marcos has reportedly conceived of the Asian Dollar, way ahead of the European Dollar to make the various countries of Asia and the Pacific a whole big family of nations with one aspiration (aspirration) and similar goals of a united trade and development. As preparation (preperation) for said Asian Dollar, Marcos has reportedly sent tons of gold deposits to several Asian countries as currency back up (ap), as is the usual practice of most countries to beef up their currencies and national growth. The fate of these gold deposits are still unknown (uknown) but a number of close Marcos (marcos) associates are said to be holding documents for these deposits up for redemption on the proper time. 

We know of the certain (certaion) Sultan Kiram who holds gold deposits accounts in Dubai, Australia and Japan. We also know of a certain William V. Morales who also holds several gold and dollar accounts in Hong Kong, Singapore, South Korea, Malaysia, Indonesia, Taiwan and China. What is mind-boggling is the fact that these deposits cover a minimum of 17,000 metric tons depending on the country of deposit and some $69 billion dollars for just one account only. Also last December, a Zurich-based (Zurichbased) trader was able to corner 1.7 metric (mnetric) tons of the yellow metal from a group of hunters from the Visayas. Just before Christmas, a smaller volume consisting of several hundred pieces of 6.2 kgs, 74.6 kgs gold changed hands in Metro Manila. Some came from Cagayan, Nueva Vizcaya, Negros Oriental, Cebu and Ilocos (ilocos) provinces. A small volume goes to the Central Bank in Quezon City and Baguio. 

The Marcos gold, the one they (tney) got from the Yamashita treasures, are reportedly kept in bunkers in several strategic places. They are currently closed but will be opened in the appointed time. Sometimes, the gate keepers are allowed to bring out one or two pieces to be sold in the local market to enable them to buy their food and daily needs. But it is a big mistake to sell them en-masse, as their lives and that of their families are at stake in the process. 

THE ATOCHA

Posted on Sep 14, 2008 in Found Treasure
Atocha shipwrecked on a reef 
Estimated Value: $400,000,000 (400 Million Dollars)
On September 4, 1622 the Tierra Firme flota of twenty-eight ships left Havana bound for Spain with one of the richest new world cargos ever assembled; silver from Peru and Mexico, gold and emeralds from Colombia and pearls from Venezuela.
The heavily armed Nuestra Señora de Atocha sailed as Almirante, or rear guard, of the fleet, following the others to prevent an attack from behind the fleet. She’d been built for the Crown in Havana in 1620 and was rated at 550 tons, with an overall length of 112 feet, a beam of 34 feet and a draft of 14 feet.
illustration of the Atocha For the 1622 return voyage the Atocha was loaded with a cargo that is almost beyond belief – 24 tons of silver bullion in 1038 ingots, 180,00 pesos of silver coins, 582 copper ingots, 125 gold bars and discs, 350 chests of indigo, 525 bales of tobacco, 20 bronze cannon and 1,200 pounds of worked silverware! To this can be added items being smuggled to avoid taxation, and unregistered jewelry and personal goods; all creating a treasure that could surely rival any other ever amassed.

DISASTER!

On September 23, 1622, as the fleet passed near the Florida Keys, a Hurricane fell upon them. The Atocha, Santa Margarita, Nuestra Señora del Rosario and two smaller vessels all at the tail end of the convoy received the full impact of the storm.
With their sails and rigging reduced to shreds, and masts and tillers battered or broken, the ships drifted helplessly toward the reefs – all five ships were lost, the Atocha being lifted high on a wave and smashed violently on a coral reef. She sunk instantly, pulled to the bottom by her heavy cargo of treasure and cannon.
Of the 265 people aboard the Atocha, only five survived!
Spanish salvage boats sped to the scene as soon as the storm abated and easily found the wreck. The Atocha’s mizzenmast protruded above the water and her hull was visible fifty-five feet below. Her hatches and gun ports, however had been securely sealed against the storm, and divers could not get into the hull.
Spanish Treasure Routes
map of Spanish Treasure Routes
Click to Enlarge
By the time the salvagers returned with the heavy tools and explosives needed to break in, the ship was gone. A second hurricane had dismembered her and buried her remains in the churning sands. For five decades, the Spanish searched relentlessly for the Atocha, but she had vanished without a trace.
The Atocha and her treasure remained undisturbed for over 350 years, time and events slowly erased memories of the ship and its name eventually vanished from the lips of all but a few treasure seekers and historians.
Copies of the ship’s register and written events of the times eventually found their way into theArchives of the Indies in Seville, Spain. These documents, like the treasure itself, were to lay in obscurity waiting for the right set of circumstances centuries later.

THE HUNT FOR THE ATOCHA

The twentieth century was a period of tremendous technological advancement; for the Atocha, one of the most significant occurred in 1942 when a French naval lieutenant named Jacques Cousteau developed the self-contained underwater breathing apparatus, or SCUBA for short. It allowed divers to remain underwater for extended periods of time, something the Spanish salvors were not able to do in 1622.
During the 1960′s this new technology contributed to the discovery of ten wrecks from the 1715 Spanish treasure fleet near Vero Beach, Florida. This highly publicized salvage operation, conducted by Real Eight Corporation, ignited an unprecedented interest in Spanish colonial shipwreck salvage, which remains strong to this day. It was this event that drew people such as Mel Fisher into the industry and onto the path of the Atocha.

MEL FISHER – TREASURE HUNTER EXTRODINAIRE

photo of Mel Fisher - Treasure Hunjter Extrodinaire
Mel Fisher circa 1985
In 1969, after participating in the 1715 fleet salvage operation, Mel Fisher formed a company called Treasure Salvors Inc. and along with his rag-tag crew launched what was to become one of the most frustrating, costly, yet ultimately rewarding search efforts ever undertaken.
Using sand-clearing prop-wash deflectors, or “mailboxes,” that he invented, and specially-designed proton magnetometers, a device towed behind a boat that can detect metal objects on the sea’s bottom, they spent long years following the wreck’s elusive trail – sometimes finding nothing for months, and then recovering bits of treasure and artifacts that teasingly indicated the proximity of the ship and its cargo.
In 1970 Fisher brought a noted maritime historian named Eugene Lyons on board to research Spanish archives for clues to the Atocha’s whereabouts. Lyons found a report about the initial 1622 salvage operations of the Atocha. The report cited a ship named the Margarita, one of the other victims of the hurricane, which was documented as having gone down within four miles of the Atocha’s last sighting. Fisher figured that if he could find the Margarita, he could also find the Atocha.
The new research suggested that past exploration had been about one hundred miles off the mark. The Atocha had evidently gone down in the Marquesas, some twenty miles from Key West. The new information kicked the hunt into high gear.
Fisher’s crew dragged their high-tech proton magnetometer over 120,000 linear miles of open ocean before the first Atocha artifacts surfaced in 1971. From then on, Fisher and his crew lived a roller coaster cycle of highs and lows.
Sand deflector
The “Mailbox” invented by Mel Fisher
In 1973, three silver bars were found that matched the weights and tally numbers found on the Atocha’s manifest which had been transcribed from the original in Seville. This verified that Fisher was close to the major part of the wreck site.
For several years, a small trickle of coins were found, but the bulk of the Atocha’s treasure eluded discovery.
In July 1975, Fisher’s eldest son, Dirk, then twenty-one and captain of the salvage tug Northwind, found nine brass cannon from the Atocha. But the jubilation over the find was short-lived. Three days later, Dirk, his young wife, Angel and diver Rick Gage all drowned when the Northwind capsized. Their deaths nearly extinguished Mel Fisher’s resolve. “I thought. ‘Maybe it just ain’ t worth it: ” he remembers. “But my son would have wanted me to complete the search, so he said, “Okay, I’ll keep it up until I find her.”
And Fisher did keep it up, pressing onward through a decade of tantalizing but unrewarding individual finds, an olive jar here, a silver bar there.

THE MOTHERLODE

It was July 20, 1985, the tenth anniversary of Dirk Fisher’s death, when his brother Kane radioed Key West with an exultant dispatch: “Throwaway the charts! We’ve got it. We’ve got it.”
Treasure hunter Mel Fisher with gold chains found on the wreck of the Atocha
Mel Fisher with some of the Atocha’s Treasure
gold bars found on the wreck of the Atocha
Ecstatic crew members described the find as looking like a reef of silver bars. Within days, the shipper’s marks on the bars were matched to the Atocha’s cargo manifest, confirming Kane’s triumphant claim. At long last, the wreck’s “mother-lode” had been found – and the excavation of what was widely referred to as the “shipwreck of the century” began.
The Atocha yielded a bonanza that was unmatched by any previous ancient shipwreck. Fisher proclaimed it to be worth a total of $400 million. The treasure would continue to rise from the sea for years to come.
Among the items found on the wrecks are a fortune in gold, silver bars, and coins destined for the coffers of Spain; a solid gold belt and necklace set with gems; a gold chalice designed to prevent its user from being poisoned; an intricately-tooled gold plate; a gold chain that weighs more than seven pounds; a horde of contraband emeralds — including an impressive 77.76 carat uncut hexagonal crystal experts have traced to the Muzo mine in Colombia; religious and secular jewelry; and silverware.
Today artifacts and treasures from the Atocha and Margarita are on display at the Mel Fisher Maritime Museum.
The Atocha held the title of “the richest sunken treasure the world has ever seen” until 2007 when Odyssey Marine Explorations discovered a still unidentified wreck 180 miles west of Portugal. The estimated value of 500 million dollars beats the Atocha by 100 million.