71 Tons of Platinum
1,707,000 oz. troy, in 400 oz. bars of platinum
If true this would be amazing, but it looks like its a flyer to get attention for mo' money.
I foresee a $4B effort to recover this platinum so that it can be given to Germany as spoils of war and help bailout Greece.
It's an offering prospectus, f'sure..a few points:
1. Not all the platinum and other valuables may be recoverable...that's the big question.
2. There will be intense negotiations as to the terms that investors get, and/or will demand. The original group has invested a lot of time and money already.
Let's say that they are looking for $10 mill to compete the recovery. Let's also assume, to make it simple, that the original group has already spent $10 mill.
They might offer terms like this:
Against whatever is recovered, we get our $10 mill back first, then you get your $10 mill back, then you get 10% of anything recovered above that.
An investor might demand an equal split n the first $20 mill..i.e. all costs are recovered first..and then a 25% share of anything above that.
And then they negotiate...
If you see any more on this, hope you'll post it and ping me..
when you load the platinum, and head back to port, you’ll see obammie waiting at the dock. he’s not there to shake your hand.
“The Port Nicholson is a steel-hulled, 481 ft. merchant ship, coal fired freighter built in 1918 at the Tynes & Wear shipyard. She was carrying two special envoy USSR agents overseeing the delivery of a very important Lend-Lease payment from the USSR to USA.”
“A similar discovery occurred in 1981 when the HMS Edinburgh was discovered in the Barents Sea. It too carried a USSR Lend-lease payment. :
Wonder if any of Uncle Joe’s payments got through?
Zhukov in his memoirs said the Commies did not like the US manufactured tanks. They were like the Model A and were hard to start in the winter.
1,707,000 TROY ounces is 53.09 metric tons or 58.53 non-metric tons. I can't see where anyone can get 71 tons.
I only purchase platinum by the metric ton and I want to offer the correct price so I have this for very large jewelry for my wife.