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Sunken warship may contain gold worth $133bn


Posted on Thursday, 19 July, 2018 | Comment icon 11 comments

Could there really be $133 billion in gold bullion in the wreckage ? Image Credit: Public Domain
The wreck of a Russian ship thought to contain 5,500 boxes of gold bars has been found off South Korea.
The Dmitrii Donskoi, which went down in 1905 after it was deliberately scuttled to prevent the gold falling in to the hands of the Japanese, was discovered by divers off the South Korean island of Ulleungdo at a depth of 434 meters on Sunday morning.

Seoul-based maritime salvage company Shinil Group had been searching for the wreck for years.

"The body of the ship was severely damaged by shelling, with its stern almost broken, and yet the ship's deck and sides are well preserved," the company wrote.

Thanks to an agreement with the Russian government, half of all the gold found in the wreckage will be given back to Russia while the rest will fund various South Korean projects including the construction of a major new railway line and the founding of a museum.

Efforts to raise the ship and its cargo from the depths will begin in October.


Source: SCMP.com | Comments (11)

Tags: Dmitrii Donskoi

Recent comments on this story
Comment icon #2 Posted by and then on 18 July, 2018, 22:50
I wonder what the Salvage laws say about the finder's reward?
Comment icon #3 Posted by Captain Risky on 19 July, 2018, 1:27
Am I the only one that thinks carrying 133 billion dollars of gold aboard a naval warship, to pay for wages and what not, that could be attacked at any moment...excessive? 
Comment icon #4 Posted by Captain Risky on 19 July, 2018, 1:28
nice of you to think of the dead. 
Comment icon #5 Posted by BrooklynGuy on 19 July, 2018, 1:40
$130 Billion Worth Of Gold Found On Sunken Russian Warship What’s better than finding the wreckage of a scuttled legendary warship? Finding one filled with $130 billion worth of gold. Sunday, a team of South Korean, British and Canadian divers discovered the wreck of a sunken Russian warship that is believed to contain 200 tons of gold bullion and coins, equivalent to $130 billion, according to The Daily Telegraph. The wreckage of the Russian Imperial Navy cruiser Dmitrii Donskoi was discovered about one mile off the South Korean island of Ulleungdo, at more than 1,400 feet below sea level. Re... [More]
Comment icon #6 Posted by Brother_Spirit on 19 July, 2018, 5:19
''The Telegraph reported that half of the treasure found would be handed over to the Russian government '' That should be a good news for Putin in these difficult economic times.
Comment icon #7 Posted by Imaginarynumber1 on 19 July, 2018, 5:20
My GOLD!
Comment icon #8 Posted by The Caspian Hare on 19 July, 2018, 11:55
They had to pay out the nose for port and refueling while sailing from the Baltic to Pacific. The fleet that was destroyed in 1905 was one of the most colossally incompetent missions in history. Someone even convinceed the tzar to  throw in obsolete coastal patrol boats under the theory that they could just overwhelm the Japanese with sheer numbers.
Comment icon #9 Posted by Myles on 19 July, 2018, 12:36
I'm guessing that amount is too high.   Probably allot less than that.   Still is allot though.  
Comment icon #10 Posted by Avalanche on 19 July, 2018, 17:52
The precious will be mine all mine...
Comment icon #11 Posted by Captain Risky on 19 July, 2018, 21:01
You’re referring to the naval defeat of Russia by Japan. Sure it was absolute. but 133 billion dollars of gold, on one ship headed to the same environment is kinda negligent too.   nice if they can find the gold. 


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