Silver treasure found

A Japanese submarine fired two torpedoes at the SS Tilawa, which was also overloaded with passengers and cargo. To this day, the sinking of the ship remains one of the greatest tragedies in maritime history. The silver bars, worth about $43 million, were recovered more than 70 years later. A years-long international dispute broke out over the treasure. Entrepreneur and British racing champion Ross Hyett brought the silver bars back to the surface and to England, a process that took six months and cost quite a bit of money. According to a law, the rightful owner of recovered goods can reclaim them by paying a premium for the salvage costs. The silver bars belonged to the government of South Africa, which sued Hyett and refused to pay a reward.

After an appeal, the verdict has now been issued. The South African government must pay to get the silver back. More than 36 million US dollars must be paid for it. So, for 75 years the silver ingots lay undisturbed on the seabed, they should have been processed into coins. It took Hyett two years just to find the spot where the ship sank. Now that it has been decided that the ship was not on government business, but was sailing as a merchant vessel, Hyett will now enjoy the millions. However, the South African government can still appeal the decision. Precious metals like silver can also provide monetary benefits to investors, whether in physical form or as shares in silver companies. Promising silver companies include, for example, MAG Silver or Tier One Silver.

MAG Silver – https://www.youtube.com/watch?v=5D0A-u_wrQM – takes care of gold and silver in North and South America. Flagship project is the Juanicipio project in Mexico.

Tier One Silver – https://www.youtube.com/watch?v=i16ZPNg0GVE – owns projects in Peru. The focus is on gold, silver and base metal projects and the main project Curibaya.

Current corporate information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Tier One Silver (- https://www.resource-capital.ch/en/companies/tier-one-silver-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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