48 Tons of Silver Recovered From World War II Shipwreck

[97guns]

what impact does 1 million ounces have on the physical market?



http://news.yahoo.com/48-tons-silver...opstories.html

[Gcubed]

what impact does 1 million ounces have on the physical market?



http://news.yahoo.com/48-tons-silver...opstories.html

200 contracts.

[smilershouse]

A crapload of paper derivatives imo.

But what a nice find.

SH

[Turner-son]

It'll probably be tied up in litigation for years (people ALWAYS challenge these shipwreck finds), so I wouldn't worry about it.

[lhslancers3270]

Compared to what gcubed plans on dumping in a few years this ain't sheet.

[Tbonz]

Maybe Irons should get in contact with these guys to find his boat load of gold he lost.

[Irons]

Maybe Irons should get in contact with these guys to find his boat load of gold he lost.

These guys make me look like a fookin' amateur.

[Fiat Metaler]

I took some pics for my friends at GIM.

[Silver Buck]

It'll probably be tied up in litigation for years (people ALWAYS challenge these shipwreck finds), so I wouldn't worry about it.

It won't be tied up at all.

"The recovery is being made under a contract awarded by the U.K. government, which will keep 20 percent of the cargo's value, estimated to be in the tens of millions of dollars. The Gairsoppa became U.K. property after the government paid the owners of the ship an insurance sum of £325,000 in 1941. Records indicate the silver was valued at £600,000 in 1941."

Odyssey learned from their last debacle.