Shipwreck Possibly Containing $17 Billion Worth of Lost Gold Has Been Found Off Colombia
by Azimuth Support Team on 12/11/15
In 1708, the Spanish flagship San Jose was sunk by a British squadron near the port of Cartagena, in what is modern-day Colombia, taking down with it about 600 souls and a treasure that a U.S. salvage group says may be worth as much as $17 billion.
More than three centuries later, Spain and Colombia are fighting over the spoils. Sea Search Armada, a Bellevue, Washington-based marine salvage group, says the galleon was carrying coins and precious metals mined and smelted in Peru. The San Jose with its 64 guns fell prey to the British squadron led by Commodore Charles Wager as it sought the safety of the Caribbean port of Cartagena.