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Russian Warship Carrying £100BILLION Worth of GOLD Found Off South Korea

MULTIZ321

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ROYAL HOLIDAY CLUB RHC (POINTS)
Russian Warship Carrying £100BILLION Worth of GOLD Found Off South Korea
By Laura Mowat/ News/ World/ Express/ express.co.uk

"A RUSSIAN warship called Dmitrii Donskoi carrying gold worth £100 billion has been discovered off the coast of South Korea and is believed to have sunk in a naval battle 113 years ago.

It is thought that the battle ship, which was discovered off the island of Ulleungdo, was sunken during the Russo-Japanese War and could have had the gold of an entire flotilla on board.

The Dmitrii Donskoi was an armoured cruiser in the Russian Imperial Navy’s Baltic fleet which was deployed to the Pacific in the 1904-5 Russo-Japanese War.

The warship would have taken part in the Battle of Tsushima which saw Russia defeated by Japanese warships.

Some historical accounts have revealed the Dmitrii Donskoi carried the treasury of the entire flotilla which would have included the port expenses and also the salaries of sailors and officers.

The gold reserves of various other ships that were damaged in the battle could have been transported to the warship as well.

The South Korean treasure-hunting company, Shinil Group, spent many years attempting to find the treasure ship and is now preparing for a joint operation with companies from China, Canada and Britain to retrieve the treasure.

The company said in a statement: “We spotted things that look like treasure boxes, but we have not opened them yet.

“We will open them up in due course.”

The Shinil firm has pledged to spend 10 percent of the money found on the warship on investment projects on Ulleng Island, which is a popular tourist destination for South Koreans....."


The Russian warship has been discovered off South Korea


Richard

 

MULTIZ321

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Claim Sunken Warship has $130BN of Gold Onboard Triggers Frenzy in South Korea
From Associated Press/ South Korea/ World/ The Guardian/ theguardian.com

"A South Korean company’s claim to have found a sunken Russian warship has triggered a frenzy amid speculation the ship was carrying an enormous amount of gold when it sank 113 years ago.

The Seoul-based Shinil Group said its divers discovered a wreck it identified as the 6,200-ton Dmitrii Donskoi, which went down during the 1904-1905 Russo-Japanese war off an eastern Korean island. The company speculated about 200 tons of gold bars and coins that are worth 150 trillion won ($132bn) would probably still be aboard the ship.

Shinil released photos and videos taken by search submarines, which showed markings on the stern the company said was the ship’s name in Russian. It said it hoped to hoist the ship from its depth of around 400 metres within months...."

1628.jpg

An underwater wreckage, claimed by South Korea’s Shinil Group to be the Russian battleship Dmitri Donskoii which sank in 1905. Photograph: handout/Reuters


Richard
 

MULTIZ321

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South Korean Firm Backtracks on $130 Billion 'Treasure Ship' Gold Claims
By Joyce Lee/ World News/ Reuters/ reuters.com

"SEOUL (Reuters) - A South Korean company that claimed to have found the wreck of a Russian warship holding $130 billion in gold said on Thursday it has not verified the existence of any gold, while a financial watchdog said it was probing possible unlawful stock trading.

Shinil Marine said last week it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser sunk in 1905 after fighting Japanese warships off South Korea’s Ulleung Island, and that a staggering 150 trillion won ($130 billion) of gold was on board.

However, the company backtracked on those claims on Thursday and apologized for having cited unverified news reports saying the ship held about 150 trillion won ($130 billion) worth of gold.

“The reports said the Donskoi held 200 tonnes of gold but that would only be 10 trillion won at current value,” said Shinil chief executive Choe Yong-seok.

“We apologize to the public for the irresponsible citation.”...."

Richard
 
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