Wednesday, September 28, 2011

$116,241,200...

Just a reminder that the Japanese submarine from WWII, the I-52 still sits at the bottom of the Atlantic.

Her whereabouts are fairly well known and she went down with a confirmed 2.2 metric tons of gold on board.

At today's gold prices this equates to a value of $116,241,200 before you even get to the historical significance of that gold.

Located some 5,240 meters beneath the waves of the Bay of Biscay between Spain and France the I-52 was to drop off the gold, opium, rubber, caffeine and other items to German occupied France in exchange for uranium oxide and other German technologies.

The submarine is in good condition.  So good in fact its conning tower numbers are still visible.  There have been some small time enterprises who have talked about getting to the gold and have gone as far as making arrangements with the Japanese government for the recovery of the assets in place and raising one crate of opium.  This is where the recovery has stalled however and nothing more has been done.

So there it sits...$100 million dollars....

I-52 Article...
Operation Rising Sun...

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