Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

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

Thirty-Nine States Don’t Have Enough Money to Pay Their Bills

It’s not just the federal government running massive deficits and piling up enormous levels of debt. Thirty-nine US states don’t have enough money to pay all of their bills. That was the grim conclusion of Truth in Accounting’s annual Financial State of the States report. The report summarizes a comprehensive analysis surveying the fiscal health […]

READ MORE →

No Inflation? Money Supply Continues to Grow at Record Rate

To hear Federal Reserve officials, politicians and mainstream financial media pundits tell it – there is no inflation. In fact, the consumer price index remains “stubbornly low” according to those who view rising prices as an economic good. But inflation defined correctly is rampant. In fact, it is at all-time record levels. Strictly speaking, inflation […]

READ MORE →

The Fed Is Backstopping the Enormous Government Debt

The 2020 budget deficit surged passed $3 trillion in August even as the US government continues to borrow and spend at a torrid pace. Since March, the federal government has added $3.3 trillion to the national debt. That is on top of the $1.4 trillion in debt Uncle Sam piled on in the 12 months […]

READ MORE →

The Fed Delivers What’s Expected

If you go to McDonald’s, you expect to get a hamburger. If you go to KFC, you expect to get chicken. And if you go to the Federal Reserve, you expect to get easy money. The Fed delivered exactly what you would expect at this month’s Federal Open Market Committee meeting that wrapped up Wednesday.

READ MORE →

Lockdowns May Have Permanently Scarred the Labor Market

Every week, analysts and pundits pour over the latest weekly jobs report looking for signs of life. Every month, we dive into the monthly unemployment numbers hoping they signal economic recovery. But these unemployment numbers don’t tell the whole story. The government economic shutdowns in response to the coronavirus pandemic have deeply wounded the economy […]

READ MORE →

Comments are closed.

Call Now