12:08 Odd Taxi Stage Play Opens in January 2023 After Delay.13:34 Batman Voice Actor Kevin Conroy Passes Away at 66.Debut Performance in New York on November 23 14:30 Stereo Dive Foundation Holds U.S.15:00 Gungrave G.O.R.E Game Streams Overview Trailer.16:30 Dragon Quest Treasures Game's Trailer Reveals, Previews Cast.19:46 Ghibli Animates Star Wars Short 'Zen - Grogu and Dust Bunnies'.I take that as a pretty good sign there’s nothing there, but you’re welcome to go look for yourself. Charroux says “hundreds of thousands of people, including the French minister Monsieur Jules Moch” have sought the treasure, all in vain. Postwar construction in the area has further confused matters. Then came the 1939-45 war: several holders of the secret were killed and those who returned were never able to find the hiding-place again.” Though the treasure supposedly lies only seven feet underground, the site is subject to frequent flooding that has altered natural landmarks. Only eight people knew of its existence and where it was deposited. Says Charroux, “it is a big, indeed very big treasure, originally intended for the maintenance of a Communist maquis force. In Treasures of the World (1966), Robert Charroux claims the treasure of the Spanish Republicans, or at least a treasure, is buried on a beach near the town of Argeles, France. There are lots of apocryphal stories like this floating around. Today the treasury of Spain is safe in the hands of the Russians. So the Russians came up with a brilliant suggestion: why not send the Spanish treasury of gold, silver, and precious stones to Papa Stalin where it would be safe? After all, weren’t the Russians laying down their lives for Spain? The Spaniards bought it. As the war deepened it looked like the Republicans might lose. During the Spanish Civil War the Republican side was supported by socialist volunteers from many countries, including Russia. Your article on what happened to Spain’s gold left out some recent developments. They didn’t realize that until too late, and suffered centuries of poverty as a consequence. The problem was that the conquest of the New World left Spain with a lot more money, but not that much more wealth, if you follow me. Attempts were made to restrict the export of precious metals, but without much success.
The result was a net outflow of gold and silver. In addition, inflation stifled local investment, with the grandees spending their dough on conspicuous consumables instead.įor the latter part of the 1500s and on into the 1600s Spain was a debtor nation, spending more abroad than it took in. Even the Spanish themselves began buying foreign products, resulting in a lot of cash leaving the country. Among other things the higher prices meant Spanish goods became uncompetitive on European markets. The reasons for this are complex, but it seems clear that at least in part it was a matter of a sharply increasing amount of money (in the form of silver and gold) chasing a relatively fixed output of goods and services, thus bidding up the price. The importation of New World gold into Spain coincided with a corrosive inflation that has come to be known as the “price revolution.” Although prices had dropped steadily during the 1400s, after 1500 they began to rise dramatically - 300 percent by 1600, according to economist Earl Hamilton, who wrote a well-known book on the phenomenon. Where did it go? The answer has to do with the slippery nature of money. Nonetheless, that leaves 85 to 90 percent that did make it, along with tons of silver, which began to be mined in quantity toward the end of the 16th century. One researcher estimates that 10 to 15 percent of the New World gold intended for Spain never got there due to theft, piracy, or other mishap. Second, you’re right in guessing that a lot of the gold was stolen. It’s claimed that all the gold that’s ever been mined would fit into a cube 18 yards on a side.) (Which still isn’t all that much, incidentally. Total world gold production during the 1500s is estimated to have been around 36 tons from 1900 to 1976 it was 76,428 tons.
A couple things to keep in mind: first, while the flood of gold into Spain in the 16th century seemed like a big haul at the time, by modern standards it was a trivial amount. The average person reading this question would probably figure you’ve got filings in the brain pan, Joe, but in fact you have asked a question that baffled Spaniards at the time and has fascinated historians since.
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