Sunken Russian Warship Rumored to Contain 200 Tons of Gold Discovered Near South Korea

Gizmodo ^ | 19 Jul, 2018 | George Dvorsky

[MtnClimber]

A missing Russian Imperial Navy cruiser said to contain 200 tons of gold bullion worth an estimated $133 billion has been discovered after being lost at sea for 113 years.

The wreck of the Dmitrii Donskoi, a 6,200-ton warship that went down during the Russo-Japanese war of 1904-05, was discovered on July 15 about 0.8 miles (1.3 km) from the shores of Ulleungdo, a South Korean island located 75 miles (120 km) east of the Korean Peninsula, the Telegraph reports. The ship was found under 1,400 feet of water (430 meters) by an international consortium led by a South Korean salvage team called the Shinil Group.

[Red Badger]

Are these long tons or short tons?................

[Fido969]

This doesn’t make sense.

[MtnClimber]

That is a lot of rapper bling!

[PGR88]

Why is a warship going into battle carrying so much gold?

I know modern payment systems weren’t in place 100 years ago, but still - not exactly the safest place for storage of one’s assets.

[fieldmarshaldj]

*ping*

[G Larry]

I can live on the interest on the difference.....

[Snickering Hound]

This may be a lot of fuss about nothing. Russian experts say it’s highly unlikely that so much gold would’ve been placed into one basket, arguing that it would have been safer, and much wiser, to move such huge amounts of gold by train, the Telegraph reports. What’s more, the Dmitrii Donskoi, which was packed with 12 artillery guns, 1,600 tons of coal, and hundreds of sailors, couldn’t possibly have had enough room for the rumored number of boxes of gold.

Have to get to the 2nd to last paragraph...

[StormEye]

"... was discovered on July 15 about 0.8 miles (1.3 km) from the shores of Ulleungdo, a South Korean island..."

Less than a mile from the shore of South Korean territory.
South Korean waters. I don't think the Russians
will have any rights to it, but they will
scream and whine that it theirs anyway.
(The folks who found it should have stayed quiet about it.)

[fishtank]

“(The folks who found it should have stayed quiet about it.)”

SSS!!!

[cuban leaf]

(The folks who found it should have stayed quiet about it.)

---

I’ve said for years that if I ever found American gold coins, confederate gold, or anything else like that on my property I’d not just melt it down. I’d throw some trace elements in to ensure they don’t have the “content footprint” to give away what they were.

I’ve heard way too many stories of people finding refined gold coins only to have the issuing government, etc., claiming ownership. And they always have bigger guns than you.

[rightwingcrazy]

“200 tons of gold bullion worth an estimated $133 billion”

My arithmetic says 200 tons is worth about $8 billion. Maybe this is special gold.

[wally_bert]

Even crapgame got his math wrong once.

[DCBryan1]

Ok help me out. 200 US tons = 400,000 lbs = 6,400,000 oz. x $1,230/oz for gold = $7,872,000,000.00.

7.8B is a helluva long way from $133B.

Is my maths wrong?

[Pontiac]

It would also be a war grave

[Forward the Light Brigade]

I bet it has gold but not as much as they say—maybe only 24% of the estimated amount.

[DickBrannigan]

I saw what you did there!

[DickBrannigan]

May be some undersea salvage company will go after it and find Arch Stanton instead......

[Pontiac]

The wreck is at 1400 feet. It will take special tech to recover anything let alone anything inside

I don’t think you could keep a recovery expedition secret

[catnipman]

https://en.wikipedia.org/wiki/Russian_cruiser_Dmitrii_Donskoi

wiki claims that 200 tons of gold is 10% of all the gold every mined. Wiki further says:

“Shinil Group said it would use some of the gold to pay dividends to users of its new cryptocurrency exchange,[15] and give half back to Russia. The consortium, founded in June 2018, still has not applied to South Korea’s Ministry of Maritime Affairs and Fisheries for the salvage rights. No evidence has been offered by Shinil Group for the ship carrying any gold when it sank.[13] South Korea’s financial regulator warned the public against investing money in treasure hunting ventures.”

Any sentence like that which includes the phrase “new cryptocurrency exchange” just screams SCAM! ... No doubt hundreds of thousands of South Koreans will rush to sign up to lose hundreds of millions of their hard earned wons ...