Au_Dreamers
Hero Member
In my Tnet researching I ran across a couple posts that reminded me of something I was explaining to my Nephew.
When I read the "only 1500 lbs" I laughed and then Tom’s “over $17 million” I laughed again. Because that was 2007!!
Not long ago I was talking with my nephew and showing him in The Treasure Diver’s Guide the value of wrecks if I remember was based somewhere $35 -$40oz.
I then told him when I got “bitten” in the early 80’s I would calculate his values X10 and that would just make me dream more. That “gold noa” in the Bahamas that wasn’t worth going after because it was only $100k value was now (then) worth $1million!!
So I then showed him how in 2010 gold being $1200 an oz that that little wreck is now worth $3 million, and since, is now worth $3,675,000!!!
So then I flipped to a big wreck in the book valued at something like 12 million and said, You can do the math!!
$441,000,000!!! approx
So today that “only 1500 lbs” of gold is worth approx $32 Million USD!!!!
In Bullion value…
And silver over $43 an oz!!!!!!!! 22 tons of silver left on the 1715 Corrigan's wreck?
$30,895,603USD approx - bullion
So I guess the upside is, the longer it takes us to find these treasures the more valuable they have rapidly become!!
mad4wrecks said:her "offical" total gold onboard was only about 1500 lbs
Only? With the current bullion price of gold, that works out to over $17 million dollars!
When I read the "only 1500 lbs" I laughed and then Tom’s “over $17 million” I laughed again. Because that was 2007!!
Not long ago I was talking with my nephew and showing him in The Treasure Diver’s Guide the value of wrecks if I remember was based somewhere $35 -$40oz.
I then told him when I got “bitten” in the early 80’s I would calculate his values X10 and that would just make me dream more. That “gold noa” in the Bahamas that wasn’t worth going after because it was only $100k value was now (then) worth $1million!!
So I then showed him how in 2010 gold being $1200 an oz that that little wreck is now worth $3 million, and since, is now worth $3,675,000!!!
So then I flipped to a big wreck in the book valued at something like 12 million and said, You can do the math!!
$441,000,000!!! approx
So today that “only 1500 lbs” of gold is worth approx $32 Million USD!!!!
In Bullion value…
And silver over $43 an oz!!!!!!!! 22 tons of silver left on the 1715 Corrigan's wreck?
$30,895,603USD approx - bullion
So I guess the upside is, the longer it takes us to find these treasures the more valuable they have rapidly become!!