Contact us
CALL US NOW 1-888-GOLD-160

One Million Dollars in Gold Treasure Hidden by Eccentric Millionaire

  by    0   1

America’s westward expansion owes much to the search for gold. Strikes in 1848 at Sutter’s Mill in Coloma, California set off some 300,000 explorers looking to transform their lives. Although few actually found their fortune directly in gold, other entrepreneurs “struck it rich” by establishing banks, saloons, grocery stories, and more to provide goods and services for prospectors.

American “gold fever” still lives on in our culture with reality television shows like the Discovery Channel’s “Gold Rush” and PBS’s “Antiques Roadshow,” which appeal to many lost treasure seekers. With such a high demand, it’s no surprise that another form of gold rush reality “show” has sprung from the eccentric mind of 85-year-old millionaire Forrest Fenn.

A successful art dealer living in Santa Fe, New Mexico, Mr. Fenn has created the ultimate hidden treasure challenge, whose broad-ranging map and enigmatic instructions would impress the likes of Egyptian treasure hunter Giovanni Battista Belzoni or fantasy author J.R.R. Tolkien.

thrill of the chase map

Fenn, a self-taught archaeologist, claims to have buried an “ornate, Romanesque box,” that’s 10 x 10 inches and weighs 40 lbs fully loaded with treasure, according to NPR. His longtime friend Doug Preston claims to have seen the box prior to burial in Fenn’s walk-in vault, full of  “gold nuggets, gold coins, pre-Columbian gold figures, rubies, sapphires, emeralds, and diamonds.”

Assuming Preston’s description is true and the weight of the box is accurate, a conservative estimate attributing three-quarters (30 lbs. or 437.5 troy ounces) of the box’s weight in gold would bring the total worth in the yellow metal alone to $546,000 USD (437.5 oz at $1,248/oz). Adding in the precious stones may take the total worth to well over a million dollars.

Fenn has outlined the vague details of the location in his self-published book, The Thrill of the Chase, where he explains the treasure is buried somewhere between Santa Fe and the Canadian border at an elevation of 5,000 feet. That’s an area approximately the size of Texas, covering 255,000 square miles, and crossing four states.

The lure of finding the gold has tempted thousands to venture into the Rocky Mountain terrain and has so far accounted for one missing person, Randy Bilyeu, a retired mechanic from Florida who traveled to Colorado looking for the elusive horde. Although his car, his dog, and a raft were found near the Rio Grande, south of Santa Fe, Randy has not been seen since.

If you’ve got a daredevil spirit, grab your metal detector and a copy of Fenn’s book and get to work. For the rest of us, there’s an easier and much safer way to acquire gold and silver from the privacy and comfort of your own home. SchiffGold’s brokers are standing by to take your order today.

Chat with us!

Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Related Posts

What Are Gold Stocks Telling Us About the Gold Market?

The price of gold is up by about 2.7% so far in 2020. But gold stocks are down on the year. Why is this happening and what is this telling us? When we talk about gold stocks, we’re referring generally to stock in companies involved in gold mining and exploration. The valuation of these stocks […]


The Dawn of the Dead on Wall Street

It’s like Dawn of the Dead on Wall Street. Zombies are everywhere. Even as stocks continue to push to new highs, the number of money-losing companies listed on US stock markets has ballooned to levels not seen since the dot-com bubble of the late 1990s. According to a recent Wall Street Journal article, nearly 40% […]


Bridgewater: Gold Could Push Above $2,000 as Fed Ignores Inflation

Peter Schiff has been saying the Federal Reserve is going to let the inflation monster loose and this is going to be good for gold. Some people in the mainstream are starting to pick up on this theme. During a recent interview with the Financial Times, Bridgewater Associates co-chief investment officer Greg Jensen said gold […]


Are Consumers Nearing the End of Their Road of Debt?

Are consumers getting close to the end of their road of debt? There are some indications that they might be and that’s not good news for an economy built on consumers spending money they don’t have.


The Outlook for Gold in 2020 Remains Bullish

Gold had a strong year in 2019 and a World Gold Council report says the outlook for 2020 remains bullish. We expect that many of the global dynamics seeded over the past few years will remain generally supportive for gold in 2020.” Gold charted its best year since 2010 last year. The price increased by […]


Comments are closed.

Call Now