{"id":84444,"date":"2023-11-06T15:46:17","date_gmt":"2023-11-06T20:46:17","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/colombia-plans-to-recover-up-to-20b-in-sunken-treasure-from-holy-grail-of-shipwrecks-84444"},"modified":"2023-11-06T15:46:17","modified_gmt":"2023-11-06T20:46:17","slug":"colombia-plans-to-recover-up-to-20b-in-sunken-treasure-from-holy-grail-of-shipwrecks","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/colombia-plans-to-recover-up-to-20b-in-sunken-treasure-from-holy-grail-of-shipwrecks-84444","title":{"rendered":"Colombia plans to recover up to $20B in sunken treasure from &#8216;Holy Grail of shipwrecks&#8217;"},"content":{"rendered":"<div>\n<p>Colombia is working to speed up the recovery of as much as $20 billion of sunken treasure from a <a href=\"https:\/\/www.foxnews.com\/category\/lifestyle\" target=\"_blank\" rel=\"noopener\">centuries-old shipwreck<\/a> as a U.S. company sues for half of the findings.<\/p>\n<p>Colombian President Gustavo Petro told officials to exhume the Spanish galleon San Jos\u00e9 from the <a href=\"https:\/\/www.foxnews.com\/category\/travel\/regions\/caribbean\" target=\"_blank\" rel=\"noopener\">Caribbean Sea<\/a> before his term ends in 2026, Minister of Culture\u00a0Juan David Correa told Bloomberg in a phone interview last week.<\/p>\n<p>&#8220;This is one of the priorities for the Petro administration,&#8221; Correa. &#8220;The president has told us to pick up the pace.&#8221;<\/p>\n<p>The 62-gun Spanish galleon San Jos\u00e9, now known as the &#8220;Holy Grail of shipwrecks,&#8221; was trying to outrun a fleet of British warships off Colombia on June 8, 1708, when the ship was sunk to the bottom of the sea with a trove of gold, silver and emeralds owned by private Peruvian and European merchants.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/lifestyle\/rare-gold-coins-found-buried-kentucky-cornfield-worth-millions-line-winning-lottery\" target=\"_blank\" rel=\"noopener\"><strong>RARE GOLD COINS FOUND BURIED IN KENTUCKY CORNFIELD WORTH MILLIONS: \u2018IN LINE WITH WINNING THE LOTTERY\u2019<\/strong><\/a><\/p>\n<p>The sunken treasure now lies about 700 feet below the water\u2019s surface, a few miles from the historic Caribbean port of Cartagena, on the edge of the Continental Shelf.<\/p>\n<p>The exact worth of the treasure is unknown, with decades of lawsuits estimating its value at anywhere from $4 billion to $20 billion. The question of who owns the sunken treasure is also in contention.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/lifestyle\/sunken-jewels-buried-treasures-uncovered-bahamas-17th-century-spanish-shipwreck\" target=\"_blank\" rel=\"noopener\"><strong>SUNKEN JEWELS, BURIED TREASURE UNCOVERED IN THE BAHAMAS FROM ICONIC 17TH CENTURY SPANISH SHIPWRECK<\/strong><\/a><\/p>\n<p>In 1981, Glocca Morra, a U.S. company, claimed to have found the trove of gold, silver and emeralds and gave the coordinates to the <a href=\"https:\/\/www.foxnews.com\/category\/world\/world-regions\/latin-america\" target=\"_blank\" rel=\"noopener\">Colombian government<\/a> with the agreement of splitting the treasure.<\/p>\n<p>But in 2015, Colombia\u2019s then-President Juan Manuel Santos said the Colombian Navy worked with another company and <a href=\"https:\/\/www.foxnews.com\/category\/science\/archaeology\/history\" target=\"_blank\" rel=\"noopener\">found the shipwreck<\/a> at a different location on the sea floor, according to the news outlet.<\/p>\n<p>Glocca Morra, now operating under the name Sea Search Armada, believed that the wreck found by the Colombian Navy is part of the same debris field that was found in 1981. The company is suing the Colombian government for $10 billion \u2014 or half of what the fortune is believed to be worth.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/us\/colombia-plans-recover-20b-sunken-treasure-holy-grail-shipwrecks\">Source &#8211; https:\/\/www.foxnews.com\/us\/colombia-plans-recover-20b-sunken-treasure-holy-grail-shipwrecks <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colombia is working to speed up the recovery of as much as $20 billion of sunken treasure from a centuries-old shipwreck as a U.S. company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-84444","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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