One Million Dollars in Gold Treasure Hidden by Eccentric Millionaire
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.
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.
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
Will the World’s Most Pro-Bitcoin Politician Embrace Gold?
Since Nayib Bukele became president of El Salvador, El Salvador has been in American media and global political discussion more than ever. While much of the attention focuses on Bukele’s mass incarceration of gang members and a decline in homicide of over 70%, Bukele has also drawn attention to his favoritism towards Bitcoin and how he […]
With gold hitting yet another awe-inspiring all-time high in the wake of Powell’s remarks reassuring markets (more or less) to expect rate cuts in 2024, a few analysts are pointing out risk factors for a correction — so is there really still room to run?Gold Hits New All-Time Record High
Gold hit a new all-time nominal high, surpassing the previous record set in December of the previous year. The precious metal’s price reached approximately $2,140, indicating a robust and continuing interest in gold as a safe-haven asset, despite a rather peculiar lack of fanfare from the media and retail investors. This latest peak in gold […]Is a Weak Yen Feeding the Global Gold Bull?
The gold price has been surging, with unprecedented central bank demand gobbling up supply. It has been a force to behold — especially as US monetary policy has been relatively tight since 2022, and 10-year Treasury yields have rocketed up, which generally puts firm downward pressure on gold against USD. World Gold Council: “Blistering Central Bank Buying” Fuels Strong Gold Demand
Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 […]