Golden Treasures and Ghost Fleets

Millions of dollars is buried at sea... Millions of dollars is buried at sea... The Ghosts of Mallow Bay [Outsider Club logo] Golden Treasures and Ghost Fleets [Jimmy Mengel Photo] By [Jimmy Mengel]( Written Jul 10, 2020 I spent the 4th of July surrounded by ghosts... No, I'm not talking about the Founding fathers or the American revolutionaries who lost their lives in the fight for Independence. I’m talking about the “Ghost Fleet of Mallow Bay”. I woke up early Saturday morning to trek down to the Potomac River in Southern Maryland. My friends and I own a bucolic compound nearby, where we planned to spend the holiday like anyone else: wearing tri-corner hats, firing our muskets in the air, and blasting off fireworks. Before we got to the festivities, however, I convinced the group to investigate another part of American history: the largest shipwreck fleet in the Western Hemisphere. Mallow Bay is a small estuary that acts as a graveyard for over 200 U.S. ships that have been purposely sunk in the shallow waters. These doomed ships date all the way back to the 18th century. Here’s a look: [mallows bay shipwreck] You may be asking, why in the world would anyone just dump hundreds of ships into a shallow bay in Maryland? It’s a good question, and I have an answer… [Gold Industry Insider Reveals His Big Secret]( The elite traders in the gold industry are not buying gold for $1,600+ like the rest of us. They are using [this secret loophole]( to buy up gold at a staggering 98% discount. Now one of the top advisors in the industry finally spills the beans and reveals how you too can get your hands on gold for as low as $8.10 per ounce. The profit potential is huge — [click here to discover how you can take advantage today!]( The story starts in 1917, when Woodrow Wilson undertook the greatest — and most expensive — shipbuilding program in history. America had just entered World War I and faced a massive dearth of marine transport vessels. Wilson ordered 1,000 wooden steamships to be constructed in a mere 18 months. Congress approved it and the Emergency Fleet Corporation was born. While the bulk of the ships were still being built, Germany surrendered and only 76 of the 731 that were commissioned had been deployed. That left hundreds of ships wasting away in the James River while the government decided what in the world they could be re-purposed for. Keep in mind that these ships cost about a million bucks a piece in today's dollars. It turned out that leaky, hastily manufactured wooden ships were quite useless and Congress sold them off to the Western Marine & Salvage Company for pennies on the dollar (a measly total of $750,000 — government investment at its best!). Western Marine bought hundreds of acres around Mallow Bay in order to salvage what they could from the ships, but rising anger from local environmental activists and fishermen led the company to light them on fire and sink them to the bottom of the bay. Another great investment... So, it suffices to say we were staring at a long and storied history when we put our kayaks and canoes in the water and began to explore the wreckage. While it wasn’t the initial intention of the area, the entire scene is gorgeous — but with a wonderfully bizarre vibe. We paddled around the bay for hours and took in a number of old ships from all throughout history, each with its own peculiar name: The Accomac, the Benzonia, the Yawah. Ospreys served as the ghost captains — their massive nests settling atop the dilapidated boats, circling and squawking at us when we got too close. We jumped into the bath-warm bay water and swam around famed vessels like the Bayou Teche, which launched on July 4th, 1918 along with 94 others in the “Tidal Wave” — the greatest single-day ship launch in world history. The day was even celebrated with its own WWI propaganda poster: [tidal wave] The Bayou Teche made it all the way from Cuba to France before resting in Mallow Bay. So why am I prattling on about old naval history? Isn’t this supposed to be an investment newsletter? Because no shipwreck story would be complete without buried treasure... As we pulled the kayaks and canoes out of the water, a bearded old man in tattered shorts and a gray tank-top grabbed one side of my canoe and helped me pull it up the shore. Before I could thank him, he growled at me: “Ya find any treasure?” [Your Kids and Grandkids Will Make 82X Their Money Before You (Unless You Do Something)]( eSports is trending to become the “biggest sport in the world”... and that’s according to a GM of an NBA team. Over 454 million people have already bought into this booming industry with a 8,200% runway. If you don’t take it seriously, you’ll look back and remember this precise moment you read about it. [Click here to read more or miss out forever on this “global phenomenon.”]( I laughed nervously. “There’s buried treasure on these ships?” In his raspy, prospector-like voice he told me that there was “nothing but fool’s gold in these here parts.” After that bit of wisdom, he laughed as well and stuck out his hand. In a perfectly clear dialect, he said “My name’s Dale, I’m an unofficial guide for the Potomac.” Dale had already piqued my interest with his 49er/sunken treasure routine, so over a few warm beers I had in my backpack, we sat on a nearby log and got to talking about shipwrecks. He mentioned that there are over 3 million shipwrecks on the ocean floor and there are plenty of people out there trying to unearth them. When I asked about famous local ships that went down, he told me the story of the SS Republic, which was launched from Baltimore in 1853. It made voyages from Panama to California during the Gold Rush. But on October 19, 1865, while heading to New Orleans carrying an absolute fortune in gold and silver coins, the Republic ran into a hurricane and sunk to the bottom of the sea. It laid there for 140 years. When it was finally excavated, the treasure amounted to over 47,000 silver coins. 1,460 $10 gold eagles and 2,675 $20 gold double eagles were recovered. The entire shipwreck treasure was worth over $75 million. [Homeless Man Turns $500 into $978,750 in Just Five Weeks]( Jake Studebaker had lost his house... and was living on the streets of Los Angeles. Things were looking pretty grim for Jake, until one day he was notified that his grandfather left him a $500 inheritance. You won't believe what he did with it... Jake went into a local brokerage office and turned that $500 into $978,570 — in just five weeks of trading — all thanks to a simple secret he discovered. The brokers were absolutely stunned. But here's the thing: You can do this, too. [Click here to learn more.]( Dale also told me that there are actually millions of shipwrecks that are littering the ocean floor with treasures worth hundreds of millions of dollars'. The problem is that it could take a million just to excavate one of them. But [there is a far easier way to make a fortune on golden treasure](, without pulling sunken ships out of the sea... Godspeed, [Jimmy Mengel] Jimmy Mengel [follow basic]( [@mengeled on Twitter]( Jimmy is a managing editor for [Outsider Club]( and the investment director of the personal finance advisory, [The Crow's Nest,](and cannabis stocks advisory, [The Marijuana Manifesto.]( For more on Jimmy, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [Stocks and Bonds Are In Trouble]( [Gold Private Placements]( [Time to Take More Risk]( [The Trump Story Nobody is Talking About]( [It’s Time to Get Your Gold On]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. 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