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He found a sunken WWII sub after decades of searching and there might be 2 tons of gold on board
Of course the Federal Reserve may have leased or swapped it already
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By Elizabeth Rayne
Popular Mechanics, New York
Friday, June 26, 2026
The Japanese Imperial Navy's I Go Dai Gojūni Sensuikan, or I-52 submarine, departed from Kure, Japan, en route to Nazi-occupied France on March 10, 1944. The submarine, codenamed Momi (which translates to "fir tree"), was set to rendezvous with a German U-boat near Lorient, and it carried a cargo that included 2.2 tons of gold, which was meant as payment for technology the Germans had equipped Japanese forces with.
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Besides the gold -- which would be worth over $100 million today -- the sub had been carrying tons of tungsten and molybdenum, opium, and caffeine when it departed Japan. It also took on tons of quinine, raw rubber, and tin in the form of stamped ingots during a stop in Singapore before continuing on its fateful voyage, which was supposed to be an undercover operation. ...
... For the remainder of the report:
https://www.popularmechanics.com/military/a71657050/sunken-wwii-submarine-gold/
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