Gold Discovery: SS Port Nicholson found

Gold Investment - 13 February 2012

Sub Sea Research, a U.S. Portland, Maine-based company that is in the business of shipwreck research and recovery, has recently announced the discovery of the wreck of the SS Port Nicholson, a British merchant ship or freighter.

The 8400 ton SS Port Nicholson and the U.S. troop carrier, the Cherokee, were attacked by a German U-boat (Unterseeboot) on the evening of 15 June 1942 at approximately 21:30 according to official Naval War Records, although other records indicate that the attack happened at approximately “…4.17 hours on the morning of 16 June 1942” (Wikipedia). The attack was carried out by the U-87, a Type VIIB U-boat, under the command of Joachim Berger, the very same U-Boat that “…was sunk off the coast of Leixões in Portugal, during her fifth combat patrol, by the Canadian Navy” (Wikipedia) on 4 March 1943. The SS Port Nicholson didn’t sunk immediately, providing the HMCS Nanaimo, a Flower-class navy corvette or light armed warship used by the Royal Canadian Navy (RCN), with the opportunity to save 83 survivors from the SS Port Nicholson. It was however unfortunate that two men working in the engine room were immediately killed when the torpedoes struck and that the Master of the ship, Harold Charles Jeffrey, and three people drowned after returning to the ship later to see if she could be salvaged. The personnel or crew aboard the 5900 ton Cherokee were however much more unlucky since 86 of them drowned aboard the Cherokee. Only 12 survivors were rescued from the Cherokee. Now like the case was with the luxury British ocean liner (passenger ship), the Lusitania or dubbed the “Greyhound of the Seas”, which was also sunk by a German U-Boat, the SS Port Nicholson was transporting military equipment (including munitions and possibly contraband). However, unlike the Lusitania, it is claimed that the SS Port Nicholson was secretly transporting gold, platinum and industrial diamonds in addition to military equipment (“war stores”) and possibly other goods. An estimated 71 tons of platinum (more or less 1,707,000 troy ounces), 10 tons of gold and an unknown number of industrial diamonds were allegedly sent to the U.S. by the Soviets as a lend-lease payment for material or goods received at the time. Sub Sea Research has recently announced that they had discovered the wreck of the SS Port Nicholson and is in the process of trying to recover the 30 plus boxes allegedly containing platinum bars, not even to mention the rest of the treasure…

Given the above, would anyone be interested in recovering fiat currencies (non-redeemable paper notes, fiat paper money, electronic money, the Devil’s money, toilet paper money, trash) from any shipwreck? Hell no! It just shows again that precious metals such as gold and platinum (including silver) have intrinsic value and can last for extremely long periods of time, even when exposed to the most trying of elements. The same can however most definitely not be said of the instruments deployed in the global fiat Ponzi scheme, namely non-redeemable paper notes or whatever you would like to call it.