oh my(CBS/AP) PORTLAND, Maine - A shipwreck hunter says he has found the wreck of a World War II merchant ship that was torpedoed by a German U-boat off Cape Cod with a load of platinum now valued at $3 billion — perhaps the richest hoard ever discovered at the bottom of the sea.
Platinum Shipwreck Found?
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dualstow
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Platinum Shipwreck Found?
http://www.cbsnews.com/8301-201_162-573 ... shipwreck/
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
And should you really chase so hard /The truth of sport plays rings around you
Re: Platinum Shipwreck Found?
QEIII?
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Platinum Shipwreck Found?
If true, that's going to be very bad for the price of platinum. It's already a pretty thin market.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Platinum Shipwreck Found?
It says the boat was carrying 71 tons of platinum.
That's incredible.
That's 142,000 pounds of platinum.
That's 2,272,000 ounces of platinum.
That's over half of the annual platinum production from the entire world.
That's a lot of platinum.
That's incredible.
That's 142,000 pounds of platinum.
That's 2,272,000 ounces of platinum.
That's over half of the annual platinum production from the entire world.
That's a lot of platinum.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Platinum Shipwreck Found?
I found the 5th PP Asset!!
Treasure-hunter stock... if there's a huge finding of gold, even during an inflation, it could get hit hard...
Unless you're holding a treasure-hunter fund!
Maybe throw in the alchemy industry for good measure.
Treasure-hunter stock... if there's a huge finding of gold, even during an inflation, it could get hit hard...
Unless you're holding a treasure-hunter fund!
Maybe throw in the alchemy industry for good measure.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Platinum Shipwreck Found?
It's kind of ironic to find a treasure supposedly worth billions of dollars and realize that mere presence of the treasure itself suddenly diminishes the value of that treasure.
Oh well. Still way better than no treasure at all.
Oh well. Still way better than no treasure at all.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: Platinum Shipwreck Found?
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
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dualstow
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Re: Platinum Shipwreck Found?
On the news they said they may start salvage attempts in March. I wonder what kind of security they'll have until then.
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
And should you really chase so hard /The truth of sport plays rings around you
Re: Platinum Shipwreck Found?
That sounds like a "Mission Impossible" storyline.dualstow wrote: On the news they said they may start salvage attempts in March. I wonder what kind of security they'll have until then.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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dualstow
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Re: Platinum Shipwreck Found?
It's also equivalent to the cash raked in by the Lord of the Rings trilogy.MediumTex wrote: It says the boat was carrying 71 tons of platinum.
That's incredible.
That's 142,000 pounds of platinum.
That's 2,272,000 ounces of platinum.
That's over half of the annual platinum production from the entire world.
That's a lot of platinum.
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
And should you really chase so hard /The truth of sport plays rings around you
Re: Platinum Shipwreck Found?
Have you heard that tale that the 1980-2000 gold bear market was partly caused by Marcos selling off Japanese war loot that was hidden in the Philippines?
"Good judgment comes from experience. Experience comes from bad judgment." - Mulla Nasrudin
Re: Platinum Shipwreck Found?
That era also caused a bear market in designer shoes when the Imelda Marcos shoe collection went on the market.stone wrote: Have you heard that tale that the 1980-2000 gold bear market was partly caused by Marcos selling off Japanese war loot that was hidden in the Philippines?
Re: Platinum Shipwreck Found?
No. The Lord of the Rings trilogy actually lost money.dualstow wrote:It's also equivalent to the cash raked in by the Lord of the Rings trilogy.MediumTex wrote: That's 2,272,000 ounces of platinum.
http://en.wikipedia.org/wiki/Hollywood_accounting
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dualstow
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Re: Platinum Shipwreck Found?
Interesting page, TripleB 
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
And should you really chase so hard /The truth of sport plays rings around you