Sunken Eldorado: The New Underwater Gold Rush

As the demand for precious metals surges and terrestrial sources dwindle, the world turns its gaze to the vast oceans. Thousands of shipwrecks, holding cargoes of 'precious metals,' litter the seabed, now within technological reach.
Underwater archaeology has exposed a staggering 3 million sunken vessels, 3,500 of them carrying treasures such as gold, silver, and porcelain. Billions of dollars worth of this submerged wealth lies untouched at the ocean floor, waiting to be reclaimed with today's technology.
Yet, the quest to recover this sunken treasure raises critical questions. Who holds the right to salvage? Is it the nation hosting the wreck in its territorial waters, the country exploited for its resources in the past, or is it a global effort, as championed by UNESCO? Amid diplomatic struggles and modern-day buccaneers, this international investigation delves into the dynamics of a new era gold rush beneath the waves.

[@JimPeachley]

While I agree with efforts to preserve the historic record, are recovered artifacts only the property of the state when there is great value attached? Ownership? From whom were the precious metals originally taken to make all of these coins, etc.? Did the 15th-17th century explorers always pay a fair price for these metals? Or were they stolen by force from poorly armed, unsophisticated indigenous peoples, who often received only disease and death in return? And if these treasures are so valuable to the sunken ship's country, why do they wait until an entire shipwreck's cargo has been recovered before demanding the entire cargo be turned over? They should be grateful for the work of the salvors, at the very least paying them generously for their work. If I were a salvage company being sued for recovered cargo, I might seriously consider taking everything back to the wreck site and dump it overboard. "We're terribly sorry. We put it back." heh heh heh

[@ramongonzalez1114]

Awesome...Gracias. in the north coast of the archipelago of Puerto Rico, Isabela Town is well known that a Spanish Galleon, is sunk and with more that 500 years of history who knows how many more are around the island....but government doesn't care...

[@guyh.4121]

Governments are pissed because people are beating them to the treasure.

[@explorecriminalminds]

Kind of like the lottery, the mob had control of lottery the government seen the profits and now it's a government money maker....

[@explorecriminalminds]

Greedy corrupt bastards

[@hugodias2449]

Government don’t do nothing to find treasure they just seize it….same like our taxes 😅

[@davidguntren4487]

Absolutely
Like the FBI in Pennsylvania stealing gold found from the civil war.
Thanks Biden

[@equaliser2265]

If your looking for excessive pollution its here, its not cars, its not my Land Rover.

[@kamikariad]

The museum in Spain charges people to get in. I'm shocked that they are profiting from historical artifacts. Shame on them.

[@CaptainCraigKWMRZ]

I have worked on several underwater recoveries in my career including Cuba, Florida Keys, and Bahamas. All these wrecks had one thing in common, governments Will be involved.
As far as Cuba, everything we found went to the government through Cari Sub.

[@campbellpaul]

Ah, trying to steal my gold, eh? 😁

[@maagu4779]

Let them take it! Eventually, it will find it's way...back into the sea...along with those that were filled with greed.

[@michaeltaylor8835]

agreed

[@user-bx3qt9ux3q]

Awesome..

[@michaeltaylor8835]

Shipwrecks belong to the gods of the seas and to Davy Jones

[@cellularenvios2339]

The number of former French colonies around the world reached approximately 63
At the beginning of the reign of Queen Elizabeth II 70 years ago, there were 32 countries symbolically subject to the rule of the British Crow
Spain also colonized more than 44 countries. This is why a large number of ships sank. Ignorance. Lack of respect for the freedom of others, love of money, rule, and expansion . Now countries like these want to teach the rest about democracy . Who does not have thing can not give it.

[@michaeltaylor8835]

yes

[@staffordbeals2045]

Think of the tourist dollars they'll lose at the bottom of the sea

[@kendallkahl8725]

Countries over blow the whole historic value line. Charts, journals and diaries in galleons rotted away a long time ago. Nearly all the wood even. What is left is cannons, coins anchors, and such that are fairly similar from wreck to wreck. They make for a great Museum display to attract ticket buyers but not much more. The one area where unique finds might show up is jewelry. 😊

[@mdsunnymdsunny-zi5bm]

Nice video

[@IcarusLhooq-bc7uq]

So somewhere between 150 and 300 milkion people at leats have gone down

[@user-dh7hx7ir1m]

WoW😮

[@EbrimaJaiteh-pk5tl]

❤

[@Chr.U.Cas2216]

Too much distracting blablabla for me. So I stopped watching half way through.

[@israel_started_it_ALL_in_1947]

wow

[@wtfwtfwtf7777]

FAKE