Saturday, August 4, 2012

1.4 million ounces of silver hauled from Shipwreck from WWII era cargo ship

from CoinNews
Valued at almost 235 million US dollars, the SS Gairsoppa is considered the on the largest precious metal sea wrecks ever recovered.

Spotted by German fighter plane and then torpedoed by an U-boot, the Gairsoppa sank on  Feb 16, 1941 along with its cargo of 48 tons silver and also taking most of its crew to a grave nearly 5000 metres below the sea.

The Odyssey expedition has recovered an estimated 43 percent of the total lost silver bullion, and hopes to recover the rest shortly.

More links:

Trashing Silver: East does it best, but at a cost.

I recently found this great article below of how 'Western' society is lagging behind 'Eastern' societies in recycling... silver. Apparently there is a gold and silver that can be made in reclaiming precious metals from from old computers and electronic equipment. The problem is that alot of it is linked with child labour and organised crime. Here are some excerpts from an interesting article from Ars Technica

from Computer  Take Back
The Executive Secretary of StEP, Dr. Ruediger Kuehr, has slammed the state of e-waste management as "short sighted and wasteful of natural resources," claiming that the accumulation of rare, valuable metals in waste facilities threatens the future supply of electronic goods—not only consumer gadgets, but also electric car batteries and solar panels.

But there's also the human cost of e-waste management to consider. The crude recovery methods used at developing world recycling facilities expose unskilled workers, who are often children, to a host of toxic materials and contaminants also used in the manufacture of electronics. more...