Treasure hunt for hidden Nazi gold and found treasures.
Latest hand-picked WWII news. See also: Third Reich tours, Third Reich Memorabilia, Militaria, Lake Toplitz, Nazi Relics, Nazi Uniforms, RC panzers, Amazing metal detecting finds, Japanese Gold.
61 tons of silver recovered from Second World War wreck
Odyssey Marine Exploration, a deep-sea salvage company, retrieved more than 61 tons of silver bullion from a WWII shipwreck 4.8 kilometres below the surface of the Atlantic Ocean. Odyssey recovered 1,574 silver ingots weighing a total of 1.8 million ounces from the SS Gairsoppa. The 126-metre British cargo ship was torpedoed by a German U-boat in February 1941. The metal was worth $630,000 when the Gairsoppa was sunk and $36-million at today`s prices. Odyssey has recovered a total of 2,792 ingots from the wreck, about 99 percent of the insured silver reported to be aboard when the vessel sank.
Sonar and radar hunt begins for legendary £1billion in Nazi gold dumped in a lake near Berlin
Some 18 crates of gold and platinum may lie buried under the bed of the Stolpsee, a 988-acre stretch of water to the north of the German capital. Yaron Svoray, who has the backing of German authorities, will use the latest sonar and radar equipment to locate the gold, which, the story goes, was dropped into the lake as the Red Army made its final push for Berlin in March, 1945. One eyewitness, Eckhard Litz, told a post-war commission that he saw 30 concentration camp prisoners unloading heavy crates from lorries parked by the Stolpsee. The boxes were then ferried into the middle of the lake, and thrown into its waters. "When the last case had been thrown overboard, the men returned to shore, were lined up and the last thing I saw were the flashes of the machine guns of the guards as they were killed."
Hundreds of bars of silver - worth $38 million - rescued from WWII shipwreck
A record 48-ton haul of silver bullion has been recovered from a WWII shipwreck off the coast of Ireland by deep ocean exploration firm Odyssey Marine Exploration. The treasure, worth 1.4 million troy ounces of silver, was found on the wreckage 3 miles beneath the Atlantic. The operation to retrieve the 1,203 bars from the SS Gairsoppa was the heaviest and deepest underwater mission to remove precious metal from sunken vessels. The boat carried 83 crew and two gunners but only one officer survived the evacuation to reach the shore after it was hit by a German torpedo.
Wehrmacht doctor's son returns two crates of stolen treasures to Russia
Treasures stolen from a Russian museum during the Second World War have found their way back home. Two crates with hundreds of rare exhibits stolen in 1941 were voluntarily returned to Russia by a Wehrmacht doctor's son. A museum in the city of Tver, north of Moscow, received the unexpected parcel. The 480 objects including a collection of crosses, archeological findings and icons stunned employees – many of the objects are extremely rare and valuable.
Gold Warriors: America's Secret Recovery of Yamashita's Gold by Sterling Seagrave
In 1945, US intelligence officers in manila discovered that the Japanese had hidden large quantities of gold bullion and other looted treasure in the Philippines. President Truman decided to recover the gold but to keep its riches secret. These, combined with Japanese treasure seized during the US occupation, and with recovered Nazi loot, would create a worldwide American political action fund to fight communism. This 'Black Gold' gave Washington limitless, unaccountable funds, providing an asset base to bribe political and military leaders, and to manipulate elections in foreign countries for more than fifty years.
Expedition seeks to unearth £500m worth of masterpieces buried by Nazi looters in mine
An expedition has been launched in Germany to recover £500million worth of missing artworks looted by the Nazis. Monets, Manets, Cezannes and masterpieces by other artists, along with sculptures, carpets and tapestries, are believed to be buried in an old silver mine near the Czech-German border. The paintings formed the bulk of the Hatvany collection which was looted on the orders of Adolf Eichmann. Historian Burkhart List says he has acquired documents from Wehrmacht archives that report a mass shipment of the Hatvany collection to two subterranean galleries in the Erzgebirge Mountains.
SS Gairsoppa, torpedoed by Nazi U-boat in 1941, discovered with £155,000,000 worth of silver onboard
The wreckage of a British cargo ship carrying 240 tons of silver has been discovered in the North Atlantic – 70 years after it was sunk during the Second World War. SS Gairsoppa was steaming home from India in 1941 while in the service of the Ministry of War Transport when she was torpedoed by a Nazi U-boat. She sank more than 3 miles deep 300 miles south west of Ireland. U.S. salvage firm Odyssey Marine Exploration announced the find, 4,700 metres (three miles) below the sea. In what is believed to be the deepest and largest ever retrieval of a precious cargo, the firm will next spring dive to recover a haul worth £155million ($241million).
Adventurers search for dumped Nazi gold with submarines in Stolpsee lake
A group of businessmen are to trawl a lake near Berlin in search of Nazi gold allegedly dumped by Hermann Goering. The Luftwaffe chief is said to have disposed of the treasure in the spring of 1945 to stop the Soviet Red Army getting their hands on it as they closed in on the Nazi capital. Up to 18 boxes of gold were allegedly thrown in Stolpsee Lake. In 1986 Stasi chief Erich Mielke ordered a trawl of the water but nothing was found. Now the search has been reignited after claims by a local priest named Erich Koehler. The lake will be searched by submarines in a hunt financed by a group of businessmen.
Treasure hunters searching for Nazi gold reserves, worth 500m, using RAF aerial photos, Luftwaffe and Organisation Todt archives
Historians using RAF surveillance photos think they are about to uncover a Nazi bunker containing the secret gold reserves of the Third Reich - and as a result a dig is due to start soon in the Leinawald forest near Leipzig. Nazi archives show that battalions of Organisation Todt were sent into the Leinawald in 1944 on the orders of armaments minister Albert Speer. In addition Luftwaffe records show that a bombing raid was ordered on the site in April 1945 - one month from the end of the war - despite the fact that hardly any German planes were able to fly because of total Allied air supremacy.
Odyssey tries to salvage $260 million of silver in Nazi-torpedoed British steam ship SS Gairsoppa
Odyssey Marine Exploration - a company specialized in the salvage of deep-water shipwrecks - is attempting to recover silver treasure valued at $260 million from a ship torpedoed by a Nazi U-boat. In 2010 the treasure hunting company was awarded a contract by the U.K. government that allows it to keep 80% of the bullion treasure of the SS Gairsoppa, a cargo steamer sunk by German U-101 off the Irish coast in 1941. Depending on the weather, hunting for the Gairsoppa may start as early as May 2011 using sonar, metal detectors and undersea robots.
Treasure hunt is on for £70m silver hoard aboard SS Gairsoppa, sunk by the U-boat U101
An official undertaking to find a ship containing £70 million worth of silver - and sunk during World War II - is to be announced by the UK government which has joined forces with a private treasure hunting company in the hope of salvaging the treasure. The target is the SS Gairsoppa, which was on its way from India to Britain in 1941 with a cargo of silver ingots when it was sunk by the German U-boat U101. Under the agreement, Odyssey Marine Exploration will have two years to find and salvage the silver, which will be split between Odyssey and the transport department.
On the trail of the Nazi gold that ended up in Madrid - and eventually, it is alleged, in British hands
The meeting took place in the Instituto de la Moneda in Madrid in Feb 1945. The director met with the heads of both the German and British secret services. The topic: how to divide up the Nazi gold (everything from silverware and watches to rings and gold teeth) in Spain. "There were 2 British agents and 4 German agents... The British wanted the Gold, insisting it should not fall into the hands of the Americans, while the Germans wanted their gold protected by Franco, officially to be used for post war reconstruction in Germany," says Dr Shimon Samuels, basing his claims on a copy of diary of the former director of the Instituto de la Moneda.
Interview of Adolf Burger, who counterfeited 133 million pounds sterling
Between 1944-1945 bags of fake dollars, pounds and rubles passed through Adolf Burger's hands. The Nazis forced the prisoners from all over Europe to make the counterfeit money to destabilise the British economy. Burger, the only living worker of "Operation Bernhard", wrote "The Devil's Workshop" about his experience, and it was the basis for the film "Counterfeiters". --- (Q): Who was in charge? (Burger): SS Officer Bernard Kruger ran the counterfeit-money operations and reported to Heinrich Himmler. (Q): What happened to the counterfeit money? (Burger): The Nazis drowned the printing presses, boxes of money in Lake Toplitz.
Seeking Cuban gold, divers find B-26 Marauder wreckage from 1942
Before fleeing Cuba on Jan. 1, 1959, the tales go, Cuban dictator Fulgencia Batista looted the national treasury and loaded the gold onto 4 B-26s. Only 3 of them reached Tampa, the fourth crashed into the Gulf. So when Tim Wicburg found the top-turret twin .50-caliber machine guns and the wing of a B-26 - he wasn't thinking about WWII. His team spent a week looking for Batista's treasure. Finally finding the plane's serial number, 117966. The team sent it to Ted Darcy of WFI Research Group, whose databases have records of lost World War II aircraft. Result: It was a B-26 lost on Nov. 16, 1942, on a training mission.
Medieval cross, looted by Nazis during World War II, returned
A priceless medieval cross looted by the Nazis was returned to the heirs of the owners. The enameled cross, originally from Limoges in France, was discovered in a junk container from an estate sale in the Zell am See. Acquired in 1865, the cross featured in the collection of Countess Isabella Dzialynska. With the war impending, some of the gems were buried on the castle grounds where they were found by the Nazis in 1941. 3 years later with the tide of war turning, the looted items were moved on the orders of Adolf Hitler to Castle Fischhorn from where they were again looted in the chaos around the end of WWII.
Disagreement between treasure hunters of nazi gold: Hanisch vs Haustein
Treasure hunter Christian Hanisch told CNN that the hunt for Nazi Gold will end Friday after the 2 men heading the expedition had a disagreement. Heinz-Peter Haustein, has been paying for the excavation, told that geophysicists will re-evaluate the place and that digging may resume. "Haustein told me to get out of here immediately," an angry Hanisch told. He said Haustein wanted to make the expedition more credible by summoning the scientists. Hanisch also says he never believed in the Amber Room theory: "I never talked about finding the Amber Room anywhere here, that was all Haustein's idea."
Operation Sundown: Local history supports treasure hunters seeking nazi gold?
Notebooks and maps Hans-Peter Haustein found amid the items of his father, a Luftwaffe signaller, support local reports of how, as part of "Operation Sundown", German military convoys hid heavy sealed caskets in the mines on April 9 1945. "My Siegfried always said there was treasure to be found here," said Monika Pach. Siegfried, a history professor and the local historian until his death, had files backing up the claim that diamonds and gold lay in the cave. "We used to receive death threats from people wanting to know where the treasure was, so the documents are now kept in the safe in the town hall."
Will dig by treasure hunters find Nazi treasure or fool's gold? Video+Pics
Digging will continue Tuesday at a site in Deutschneudorf, where treasure hunters think exists 2 tons of Nazi gold and perhaps clues about the Amber Room. Digging was stopped as it was feared that the shaft might collapse and that the cave may be set up with booby traps. Treasure hunter Christian Hanisch pointed out that his father, a navigator in the Luftwaffe, was one of the troops said to have been involved in hiding gold as the Nazis saw that they would lose the war. The equipment located "precious metals that can only be either gold or silver. The instruments would not have reacted to any other metal like copper."
Treasure hunters located 2 tonnes of WWII-era gold with electromagnetics?
Germany: Treasure hunters claim they have detected hidden gold in an underground cavern. The electromagnetic pulse measurements located the man-made chamber 20m underground near the village of Deutschneudorf. The team hasn't been inside the room but analysis of the electromagnetic test has led it to believe that the cavern contains gold. "I'm well over 90% sure we have found the Amber Room," said Heinz-Peter Haustein, who has been seeking for the Amber Room in the Ore Mountain region for a decade. Some think Amber room was stashed away by the Nazis in the last days of WWII, while most believe it was accidentally destroyed by the Red Army.
Search for WWII Douglas C-47 wreckage carrying a payroll of $500,000
A plane that went missing in 1945 with 19 people on board might have been located in Papua New Guinea. Divers in Milne Bay have seen the remains of a twin-engined plane in the spot pinpointed by documents unveiled by an aviation historian. Now a diving boat skipper, who has discovered other plane wrecks in PNG waters, is planning an expedition. Historian Bob Piper said the RAAF Douglas C-47 took off on Sept. 11, 1945, with pilot Flight Lieutenant Eric Beer at the controls. On board was Noel Williams carrying a payroll of £2000: $500,000 in today's money. "The pay was all in paper money and would have been completely destroyed by the water by now."
Prague man claims he has found nazi hoard in a backfilled mine (Article no longer available from the original source)
Petr Kaspar claimed he has found the site where the "Stechovice hoard" was allegedly hidden by the Nazis at the end of World War II. Kaspar said nazi soldiers had hidden the crates in various caches and he found one in a mine: filled with gold and insignia stolen by the Nazis. The search was based on the testimonies, maps, aerial photos and documents. Kaspar said he would ask the state for help since the high costs. A number of treasure hunters have spent decades in a vain hunt for the "Stechovice hoard." Out of many treasure hunters, Josef Muzik and Helmut Gaensel were the most active in the 1990s, but both later on stopped their campaigns because of lack of funds.
The Führer's Counterfeiters - Operation Bernhard, Lake Toplitz
Of all operations in Third Reich this was the most audacious: forging £135 million and parachuting the notes into UK. What else could explain the arrival of the SS men from a burning Berlin to a village beside Lake Toplitz on May 5, 1945? Locals spoke of Nazi troops sitting on boxes, which were sunk in the water. On August 3, 1959 Wolfgang Löhde's hired frogmen to find them. He reflected on the emblems of the previous convoy that had come here in May 1945: swastikas and SS double-lightning stripes. Everyone knew Toplitz was a keeper of Nazi confidences as its remoteness made it a testing ground for wonder-weapons like V2 gyroscopes, torpedoes, rockets...
Nazi plot to get gold to Argentina - Uncovered by MI5 in 1943
MI5 uncovered a plot by Nazi leaders to smuggle plundered jewellery and gold in a submarine to Argentina in 1943, according to secret files. The details emerged from interrogating an "unprincipled ruffian" called Ernesto Hoppe, who was an agent of the German Intelligence service. Hoppe, codenamed Herold, was arrested in Gibraltar in 1943 and taken to MI5`s interrogation centre at Camp 020 in Ham. He had been approached by a German Luftwaffe colonel named Rosentreter, who had outlined his secret mission. The Nazis appeared to be planning for a quick exit to Argentina once Third Reich was defeated and the u-boat cargo was to be their nest egg.
Could WWII photo locate looted Nazi gold known as Rommel's Gold
A young German soldier poses with his parents in an old photograph. It is typical photo soldiers would have had taken during the early days of World War II to remind them of family. But this particular snapshot holds a secret that could unlock a mystery: the whereabouts of a hoard of looted Nazi gold. For scrawled in fading blue ink on the back of the photo is a code which investigators hope will locate Rommel's Treasure: a cache of ingots and jewellery hidden by the SS. Terry Hodgkinson said: "We have now worked out the code and are pretty confident of where the treasure is. We feel certain that the latest techniques can be used to retrieve it."
The race to find £10m Nazi gold hoard - Was Erwin Rommel Unaware
Field marshal Erwin Rommel had battled in North Africa with Africa Korps for 2 years, first making gains, then seeing Montgomery push his panzers back to the sea. The German adventure in the desert was ending in chaos: all the German forces in North Africa were fleeing. But did the Field Marshal, or some senior officers, take away a treasure? A legend was born that Rommel's men had not left empty-handed. Packed into ammunition boxes were gold and diamonds - fruits of their pillaging. There seems to be some evidence from Peter Fleig: He was with the SS in 1943, and he was ordered to help 4 officers hide 6 boxes in an underwater cavern near Corsica.
Terry Hodgkinson 'confident' he knows where Rommel's gold is
A British researcher claims to have located Erwin Rommel's elusive sunken treasure just weeks after a team of German divers scouring the Mediterranean failed to find the hoard. The treasure has been reputed to have been dumped off the coast of Corsica by fleeing SS men. Terry Hodgkinson, who has been researching the missing gold for 15 years, told that he was now "confident" he knew its exact location nearby the town of Bastia. He has teamed up with Corsican experts and won permission to enter the race to find 6 steel cases said to contain 440lb of gold bullion plus other objects pillaged in Tunisia during WWII.
Race on for Field Marshal Erwin Rommel's Gold
Terry Hodgkinson has been stunned by a German TV company's audacious bid to recapture Rommel's Gold. He has been planning a documentary which will focus on a search for the £10m haul of gold and diamonds. But he was shocked when he discovered that TV station ZDF stole a march on him by making their own film - screened earlier this month. ZDF carried out covert research missions last year to search for the missing gold. The treasure was supposedly dumped in 1943 after Field Marshal Erwin Rommel's Afrika Korps was driven out of North Africa. The hoard is reputed to have been hidden by german SS men, who planned to recover it after the WWII.
Tracking Nazi gold-hunter and a hoard of sunken Nazi gold
The hunt is on for an Oxford man Dan Eden who could help pinpoint the location of a hoard of sunken Nazi gold. Terry Hodgkinson is planning a documentary about a search for a £10m haul of gold and diamonds, known as Rommel's Gold. The treasure supposedly came from North Africa during World War Two and was sunk, or hidden in a cave, off the east coast of the French Mediterranean island of Corsica by the Germans in 1943 after Field Marshal Erwin Rommel's Afrika Korps was driven out of North Africa. It has never been found, despite many attempts to locate it, including an expedition led in 1963 by Lord Kilbracken.
Russia displays looted German treasure - Gold and silver artefacts
Berlin lay in ruins. Adolf Hitler had been dead for 4 weeks. Working in great secrecy, some Red Army soldiers embarked on a delicate mission: to spirit back home unique treasures belonging to the Germans. In June 1945, 3 chests holding 1,538 gold and silver items were loaded on to a Moscow-bound plane. For more than half a century German experts had little clue as to whether the gold necklaces and eagle brooches dating from the 5th to 8th centuries still existed or had been lost in world war II. Today the Merovingian-era pieces emerge from their hiding place as Moscow's Pushkin State Museum is exhibiting the treasures, last seen in Berlin in 1939.
Fort Huachuca Gold - Treasure hunt in Arizona (Article no longer available from the original source)
To many people, Fort Huachuca is a place known as a training ground for soldiers. But what many people don't know is that it is rumored to have a secret hidden in its hills. There's even a map. It's a modern day treasure hunt. When it comes to recreation, life on post can be difficult... It was 1941. Private Robert Jones and his buddy spent the day heading up a mule trail into Huachuca Canyon. It was a serene stroll until... "He fell into a hole. He slid down what 35 feet into a cavern into a room. When he dusted himself off and looked around, he looked around with the little light he had and he saw large bars of gold and silver"
Most of wealth Nazis stole still missing
The vast majority of property stolen from Europe's Jews by the Nazis and their collaborators has never been returned, according to a new study by economist Sidney Zabludoff, a former CIA and US treasury official. A fifth of the wealth stolen during the world war II has been returned. Property that is now worth $115bn-$175bn is still missing, despite "numerous clear and explicit international agreements and country promises made during world war 2 and immediately thereafter".
Zbiroh castle hides Nazi treasure - A persistent local rumour
Every week team abseils into a well of a Czech Zbiroh castle in search of a secret passage or the Nazi treasure. Around 60 metres down they discovered Nazi documents. A local rumour has it that the castle hides Nazi treasure. "We know from witnesses that a Nazi aircraft landed and large cases were unloaded and taken to the castle. We know that the last SS fled on foot without their uniforms and without taking anything. No one has found any trace of the cases and no one knows what was in them." Castle has a series of tunnels and secret passages but closed off behind cement by the Nazis. Some dream that the "amber room" could be stashed somewhere in labyrinth.
Nazi treasure may be hidden under well - Nazi items found (Article no longer available from the original source)
The secret of a deep well in the Zbiroh chateau, west Bohemia, may be soon uncovered. Experts found a false bottom in the well where a Nazi treasure is allegedly hidden. War survivers mentioned the existence of the false bottom. Historical sources claim that there is a secret medieval passage under the well bottom, where members of the Nazi staff kept stolen valuable items. Owner Oldrich Selenberk told his team has not searched the bottom thoroughly since it may be risky. Last year they uncovered Nazi documents there, and a week ago 20 weapons. They have been digging in the filled-up well for over a year.
Amber Room hunt makes lake Toplitz the Tsar attraction
It was the most opulent of Tsar Peter the Great's rooms, brought to his new capital of St Petersburg on 18 horse-drawn wagons in 1716, a present from the King of Prussia. The fabulous Amber Room contained six tonnes of the precious resin and took 10 years for some of Europe's top craftsmen to complete. But more than 60 years ago it was plundered by Nazis as they stormed across Europe, never to be seen again. Now, after years of searching, a team of treasure hunters believe it is at the bottom of an Austrian lake. A group of American divers will today begin a £7 million project searching the 338ft-deep Lake Toplitz situated in the heart of Austria.
Museums to get $500,000 in Nazi Gold Train case
Two checks totaling $500,000 will be sent to museums for research and documentation of the historic Nazi Gold Train case. In 1944, the Nazis loaded $200 million in gold, jewelry, furnishings and pricey art work onto dozens of railway cars bound for Germany from Budapest. The so-called "Gold Train" was abandoned by the Nazis in Austria and recovered by the U.S. Army on May 16, 1945. A report in 1999 said most of the treasures vanished. The suit alleged that high-ranking U.S. Army officers furnished their villas and officers' clubs with Gold Train loot as they oversaw the rebuilding of Europe after the war.
First payouts distributed in WWII 'Gold Train' case
The first payouts have been distributed from a $25 million settlement with Holocaust survivors who lost jewelry, artwork and other treasures when a Nazi "Gold Train" was commandeered by the U.S. Army during WWII. The train was loaded with gold, jewels, silver, china, 3,000 Oriental rugs and 1,200 paintings that had been stolen from Hungarian Jews. It was captured by U.S. soldiers from pro-Nazi Hungarian forces in May 1945. A U.S. investigation found in 1999 that some Army soldiers failed to return items initially "requisitioned" from the train.
Secrets of Nazi terror - an underground labour camp and vanished treasures
Trawl through Stasi archives stumbles across records of hidden horrors and hidden treasures. A retired pit foreman Horst Bringezu stumbled on evidence while researching a local history of the mining industry. Documents revealed that some 1,500 prisoners worked among its vaults; many died. They also revealed that the SS had used the secret tunnels linking two mine shafts to store rare books, priceless paintings and letters by Goethe - all now vanished.
Rumours of Nazi gold surface u-boat secret (Article no longer available from the original source)
Rumours of Nazi gold stashed at sea more than 50 years ago have surfaced after a Blenheim man's trip to the Auckland Islands this week. Mr Carey said he has successfully identified two big objects on the seabed near the Auckland Islands. "They didn't bring it all the way from Germany if it was old tin cans," he said, referring to a theory that a German U-boat had stashed gold underwater during World War 2."
(Fairfax New Zealand Limited)
Red Army, not the Nazis, destroyed tsar's Amber Room
"The Amber Room: The Untold Story of the Greatest Hoax of the Twentieth Century" reveals that The Amber Room, the tsarist chamber looted from Russia by the Nazis and which disappeared, was destroyed by the Red Army. Previously unseen documents reveal that in 1945 Russian soldiers burned down the hall where the treasure was stored in a castle in Germany founded by the Teutonic knights. Historians have hoped that the "eighth wonder of the world" had escaped damage and was hidden, waiting to be found. The jewel encrusted room was created for Peter the Great in 1717 and was considered one of the world's greatest art treasures.
Czech treasure hunter promises to finally uncover Nazi "Treasure of Stechovice"
Shortly before the end of the WW2, despite staring defeat in the face, Nazi leaders tried to salvage what was left of their crumbling empire. In the last months of the war, some of the Third Reich's secret archives were hurriedly transported from Berlin to the Nazi Protectorate of Bohemia and Moravia, an area believed to be safe from US bombing. Although some of the hidden material was recovered after the war, there are still many people who believe that valuable treasure may still lie buried in Central Bohemia.
Golden cauldron evokes mystery of hidden Nazi gold
A mysterious golden cauldron found in a Bavarian lake has rekindled a fascination with Nazi gold hidden in the Alps. The Bavarian government said it was claiming ownership of the 10.5 kg solid gold vessel found by an amateur diver at the bottom of Lake Chiemsee. Archaeologists said the cauldron, adorned with a relief of mythical Celtic and Indo-Germanic figures, may have been made by the Nazis. It is estimated to be worth 100,000 euros based on the weight of its gold. This could lure treasure hunters to the Alps which the Nazis saw as their last bastion, and which became the destination for gold shipments from Berlin in the dying days of the Third Reich.
Diver hunt for sunken WW2 gold treasure stolen by the Nazis
A team of divers has been given permission to search for sunken treasure taken from Greek Jews. Gold coins and jewels worth $2bn were taken by Max Merten, the German administrator of Thessaloniki. The treasure was loaded onto a fishing vessel and sunk off the Peloponnese in 1943. Merten was briefly jailed when he travelled back to Greece in 1957 posing as a tourist, presumably to try and fetch the gold. A mystery informant told the Jewish Council that he had shared a cell with Merten, who had given him maps showing where the treasure lay. The officials were sceptical until he gave details of the valuables, which could only have come from Merten.
Argentina 'held Nazi gold'
Argentina's central bank stands accused of holding Nazi gold after WWII. Researchers investigating the activities of the Nazis in Argentina say they have obtained a letter signed by the country's former foreign minister, saying he asked for the gold to be deposited in the bank in 1946. Until then, the money was being held for the Germans by the Swiss embassy in Buenos Aires. "For the first time we do have Argentine evidence that Argentina was the recipient of Nazi gold," said research co-ordinator of the commission of inquiry on Nazi activities in Argentina.