Treasure hunt to recover £4.5billion worth of British gold trapped in merchant ships torpedoed by Nazis

Four research groups have spent 25 years producing a database tracking the gold shipped by the British Government to pay for munitions and goods during both World Wars.

Of the 7,500 merchant ships sunk, the teams have identified more than 700 which they believe may have been carrying vast quantities of gold and other precious metals.

  • canminuteman

    I don’t buy their figures. I am sure that there were some ships likely sunk that where carrying gold. but 700? That would be nearly 1 in ten of every ship sunk.

    • El Martyachi

      Could be true.. eggs in many baskets maybe.

    • Waffle

      The Atlantic was an extremely dangerous place as the Germans had heavily mined it. One of their key goals was to cut off England and to starve her in every way possible.

      One of my mementos is a little book of Robert Service poems. Its cover is
      heavily water-proofed. My father carried it with him when he crossed over to England in the fall of 1941. As a trained medic, he had been seconded to the RASC (Royal Army Service Corps) and was stationed in England,

      Although he made the crossing without incident, 2 years later the hospital ship he was serving on was torpedoed out of the water off the coast of Sicily. The survivors, of which he was one, were rescued by a nearby ship carrying the irish Regiment of Canada. He was reunited with his younger brother (my uncle Seymour) who was on that ship.

      • canminuteman

        I know how bad it was. I’m not disputing the total number of ships sunk, I am disputing that nearly one in ten ships sunk had a cargo of gold.

        • Waffle

          Research project — will check it out sometime. Suddenly occurred — the gold was more than likely Canadian gold that came from the mines of northern Quebec and northern Ontario.

          In the 30’s my father shlepped produce from Toronto’s Ontario Food Terminal to the mining camps of northwestern Quebec and northeastern Ontario. But he was a gambler. One night in Sudbury he lost it all –his money and his truck so he was out of business. But he had a skill — he could drive a vehicle over rough terrain (there were few paved highways, if any, in the north), so he signed up.

          The gold mines of the north were places where men could get jobs. The gold was needed to supply the war effort and the mines were going full steam ahead.

      • bob e

        bravo !!

  • Bobby Woodlawn

    Would you have thought 60% of commercial flights carried mail?

  • bob e

    that’s enough money to kick the muzzies outta’ Brittain !!
    Jeeze .. who am I kiddin’ ..