Spanish galleon San Jose sank more than 300 years ago in battle with British, while carrying vast cargo of gold and precious stones Colombia’s discovery of the 300-year-old, shipwrecked galleon San Jose, thought to be loaded with some $10 billion in gold and precious stones, could shed light on an important period in Spanish colonial history but also spawn legal battles over the valuable cargo. Colombian President Juan Manuel Santos said his country spent two years studying historical maps, meteorology and used the latest sea-searching technology to locate the Spanish vessel, which sank during a battle in 1708 in the...
