Salvage of 460 Gold Bars

[Akimbo]

Salvage of HMS Edinburgh, 460 bars of gold recovered.

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Gold from the Deep - The Salvage of the Century, Salvaging HMS Edinburgh

 

[happy-diver]

Magnificent!

 

[Jared0425]

I read that the Soviets were not happy about that operation.

 

[Akimbo]

I read that the Soviets were not happy about that operation.

I wonder why? They got their agreed-to cut of the salvage.

 

[Jared0425]

She was found in 1959 and the Soviets were not happy that somebody was using sonar in their backyard. Relations between the UK and USSR were very strained and Britain designated the wrecksite as a war grave to at least give it paper protection against unscrupulous Soviet salvagers. By 1970 their anxiety let them grant the contract for salvage to Jessop Marine, who then let it lapse for over a decade.

I'm not sure that the Soviet Union got anything out of it. I also think that due to the immense depth of 860ft, the Soviets balked at it, or lacked the equipment and know-how to carry on such an operation.

 

[runsongas]

still 5 unaccounted for, approx 2.95 million at current spot pricing

 

[Akimbo]

still 5 unaccounted for, approx 2.95 million at current spot pricing

That doesn't go very far at current short-term charter prices of DSVs (Diving Support Vessels). Mobilization and demob would eat a third of that alone.

 

[OTF]

That doesn't go very far at current shirt-term charter prices of DSVs (Diving Support Vessels). Mobilization and demob would eat a third of that alone.

so we'll bounce dive it on al80s from a zodiac.

 

[Jared0425]

so we'll bounce dive it on al80s from a zodiac.

With a spare air as a backup!

 

[Akimbo]

so we'll bounce dive it on al80s from a zodiac.

That's inspired! It's not like you will be alone in the middle of the Barents Sea. The Russian Navy will always be nearby.