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Sunk Russian ship found. Cargo: £100 Billion in gold

Posted on 7/18/18 at 11:40 am
Posted by Bamboozles
BR
Member since Jul 2008
2421 posts
Posted on 7/18/18 at 11:40 am
LINK

quote:

A RUSSIAN warship called Dmitrii Donskoi carrying gold worth £100 billion has been discovered off the coast of South Korea and is believed to have sunk in a naval battle 113 years ago.


quote:

It is thought that the battle ship, which was discovered off the island of Ulleungdo, was sunken during the Russo-Japanese War and could have had the gold of an entire flotilla on board.

The Dmitrii Donskoi was an armoured cruiser in the Russian Imperial Navy’s Baltic fleet which was deployed to the Pacific in the 1904-5 Russo-Japanese War.



Off the coast of South Korea....imagine if it were off North Korean coast.

This post was edited on 7/18/18 at 11:41 am
Posted by Chuker
St George, Louisiana
Member since Nov 2015
7544 posts
Posted on 7/18/18 at 11:41 am to
So will Russia make A claim to it?




Eta, also, when this much gold is found, does it devalue gold around the world? I would guess it would albeit a quite small amount.
This post was edited on 7/18/18 at 11:43 am
Posted by JetsetNuggs
Member since Jun 2014
15613 posts
Posted on 7/18/18 at 11:42 am to
I got dibs
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139225 posts
Posted on 7/18/18 at 11:42 am to
Was it common for a ship back then to carry all the money for the fleet?
Posted by ell_13
Member since Apr 2013
88436 posts
Posted on 7/18/18 at 11:47 am to
quote:

Some historical accounts have revealed the Dmitrii Donskoi carried the treasury of the entire flotilla which would have included the port expenses and also the salaries of sailors and officers. The gold reserves of various other ships that were damaged in the battle could have been transported to the warship as well.
Posted by ell_13
Member since Apr 2013
88436 posts
Posted on 7/18/18 at 11:48 am to
quote:

So will Russia make A claim to it?
quote:

Russia will also get an equal share of the money as they are the rightful owners of the ship and have been helping the South Korean firm with their search for the wreck.

The funds may be used for joint Russia and South Korean projects, such as a railroad connecting Russia with Korea.
Posted by The Boat
Member since Oct 2008
178333 posts
Posted on 7/18/18 at 11:48 am to
quote:

It is thought that the battle ship, which was discovered off the island of Ulleungdo, was sunken during the Russo-Japanese War and could have had the gold of an entire flotilla on board.

Russia got their arse kicked. Part of the reason they were so worried about a Japanese invasion at the beginning of WWII. Then once they found out the Japanese weren’t going to invade they transferred all their troops to the eastern front.
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17754 posts
Posted on 7/18/18 at 11:49 am to
quote:

So will Russia make A claim to it?



According to the article:

quote:

Russia will also get an equal share of the money as they are the rightful owners of the ship and have been helping the South Korean firm with their search for the wreck.
Posted by junkfunky
Member since Jan 2011
36662 posts
Posted on 7/18/18 at 11:50 am to
quote:

was sunken during the Russo-Japanese War


quote:

carrying gold worth £100 billion


But why? Were they using gold bricks as artillery?
Posted by Jim Rockford
Member since May 2011
106060 posts
Posted on 7/18/18 at 11:51 am to
quote:

So will Russia make A claim to it?


Typically, finders keepers applies. However, warships, especially those sunk in battle, are a different matter. This might be considered a war grave.

IIRC the Spanish government still claims ownership of treasure galleons sunk hundreds of years ago and whenever one is found, they strenuously assert their legal rights.
Posted by BatonrougeCajun
Somewhere in Texas
Member since Feb 2008
7652 posts
Posted on 7/18/18 at 11:52 am to
This ship was scuttled. There is no way 100 billion dollars worth of gold was left on it.
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17754 posts
Posted on 7/18/18 at 11:53 am to
quote:

But why? Were they using gold bricks as artillery?



They used it to pay for repairs, salaries, and supplies while in port
Posted by Cocotheape
Member since Aug 2015
4242 posts
Posted on 7/18/18 at 11:53 am to
Russian oligarchs scrambling to get their cut of this I'm sure, as they do.
Posted by Good Times
Hill top in Tn
Member since Nov 2007
25059 posts
Posted on 7/18/18 at 11:54 am to
Did Russia also refer to it as the Eastern Front?
Posted by CarrolltonTiger
New Orleans
Member since Aug 2005
50291 posts
Posted on 7/18/18 at 11:58 am to
quote:

Russia got their arse kicked. Part of the reason they were so worried about a Japanese invasion at the beginning of WWII.



They were worried because they were on the rope with the Nazi's, not because of a sea battle in Czarist times. The Soviets had just kicked Japanese arse at Kohlkan Goi (sp?)


Posted by Wally Sparks
Atlanta
Member since Feb 2013
32886 posts
Posted on 7/18/18 at 12:20 pm to
quote:

This ship was scuttled. There is no way 100 billion dollars worth of gold was left on it.



Found Simon Gruber's account

Posted by 1BamaRTR
In Your Head Blvd
Member since Apr 2015
24878 posts
Posted on 7/18/18 at 12:56 pm to
100 billion British pounds is actually 130.6 billion US dollars
This post was edited on 7/18/18 at 12:57 pm
Posted by Barbellthor
Columbia
Member since Aug 2015
11577 posts
Posted on 7/18/18 at 1:17 pm to
Posted by 91TIGER
Lafayette
Member since Aug 2006
19633 posts
Posted on 7/18/18 at 1:19 pm to
quote:

I got dibs




Quit meddling, or are you colluding ?
Posted by Pfft
Member since Jul 2014
5173 posts
Posted on 7/18/18 at 2:20 pm to
That was about 7 bucks worth back in 1904. of Course a hooker cost you only 2 chickens.
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