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200 tonnes of silver found in shipwreck

http://www.bbc.co.uk/news/uk-15061868
A shipwreck containing 200 tonnes of silver worth about £150m has been found in the Atlantic - the largest haul of precious metal ever discovered at sea.

The SS Gairsoppa, a UK cargo ship sunk by a German U-boat in 1941, was found by US exploration firm Odyssey Marine.
The firm will retain 80% of the cargo's value under the terms of a contract with the Department for Transport.

Only one person from the 85-strong crew survived the torpedo attack as the ageing steamer tried to reach Ireland.
The vessel was on its way back to Britain from India when it ran low on fuel in stormy weather, and tried to divert to Galway harbour, but it was spotted and sunk by the German submarine.
Unconfirmed reports on Sky news suggest that the story on the BBC is bogus and that this shipwreck was actually created by JP Morgan in a creative way to hide sliver and thus suppress the price. A source who only identified himself as Asheron said:
Most people are lizards. I know this to be true because I read it on a website. I love silver me.

Comments

  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    It's probably just paper silver.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Great buying opportunity. :beer:

    Time to spend a little of my slush fund.

    Shares are a good buy at moment apart from banks. Banks will be very vulnerable to Ireland defaulting.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • 200 tonnes of silver worth about £150m

    And it fell to £120m by the time the later papers were printed. :)

    May not even be worth recovering by the end of the month. ;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • brit1234
    brit1234 Posts: 5,385 Forumite
    And it fell to £120m by the time the later papers were printed. :)

    May not even be worth recovering by the end of the month. ;)

    £120 Million salvager's
    £30 Million British government
    £150 million total

    facepalm02.png
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • And it fell to £120m by the time the later papers were printed. :)

    May not even be worth recovering by the end of the month. ;)

    :rotfl::rotfl:
    Dont wait for your boat to come in 'Swim out and meet the bloody thing' ;)
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    So will the next headline be:

    "Big dives ahead for silver"
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    brit1234 wrote: »
    £120 Million salvager's
    £30 Million British government
    £150 million total

    facepalm02.png

    what do you propose? a publicly funded salvage department which scours the sea for shipwrecks. i'm sure that would be better value for money...not.
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