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Salvage Firm Loses to South Africa Over $43M Treasure

But a 'confidential settlement' has been reached over silver found on SS Tilawa, sunk in WWII

(Newser) - A salvage company has lost its claim to $43 million in silver recovered from a passenger cargo ship that sunk during World War II, the UK's highest court ruled Wednesday, siding with South Africa's government. The Japanese navy sunk the SS Tilawa, later dubbed the "Indian Titanic,...

With Restrictions in Place, GameStop Sinks 30%
With Trading Limited,
GameStop Drops Sharply

With Trading Limited, GameStop Drops Sharply

Wall Street recovers from last week's losses

(Newser) - Stocks closed higher on Wall Street Monday, recovering some of the ground they lost last week in their biggest weekly drop since October. Investors large and small continued to focus on GameStop and other stocks targeted by online traders hoping to inflict damage on hedge funds, the AP reports. The...

Price of Silver Surges as Rebel Traders Zero In

Reddit forum helps send prices higher, as with GameStop

(Newser) - The same group of traders who sent prices of GameStop soaring last week is now pulling a similar move with silver, reports CNN . Silver futures rose 11% Monday to about $30 an ounce, which the AP reports is an eight-year high. Meanwhile, the phrase "#silversqueeze" was trending, a reference...

They Were Searching the Sand. The Metal Detectors Went Crazy

Florida men find 22 silver coins from 1715 shipwreck, could be worth $7K

(Newser) - They set to work with metal detectors on Florida's appropriately named Treasure Coast and are now the proud owners of 22 silver coins thought to be 300 years old. Jonah Martinez, who's been hunting treasure in South Florida for 24 years, says he and fellow treasure hunter Cole...

Searching for a Foundation, They Found a Treasure Trove Instead
Searching for a Foundation,
They Found Treasure Instead

Searching for a Foundation, They Found Treasure Instead

'I thought how I'd never again see something like it'

(Newser) - They were searching for an old infirmary. What they uncovered was an "exceptional and extremely rare treasure": 2,200 silver coins, 21 gold coins, a gold signet ring, gold foil, and a circular object also made of gold. It's a collection unlike any ever found, according to French...

They Found $2M in Gold ... in Sewage

And that's just the annual amount discarded in Switzerland

(Newser) - There's more than cash going down the drain in Switzerland. About $2 million in gold and $1.8 million in silver ends up in Switzerland's sewers each year, according to an environmental study commissioned by the Swiss government. Strange as it sounds, researchers at the Swiss Federal Institute...

Cops: Silver, Not Gold, Led to Double Homicide

Handyman faces life in prison

(Newser) - Authorities say the motive in the murders of Beverly and Gregory Giannonatti in Deer Lodge, Montana, was not, as many had speculated , a 25-pound bar of gold, the Washington Post reports. Instead, police say the 79-year-old mother and 57-year-old son were killed in October over 1,700 ounces of silver....

There's a Bunker Hiding $10M Somewhere in Utah

Overstock CEO says it will help company survive a financial meltdown

(Newser) - In 2013, the CEO of retail website revealed the company owned "some precious metals and maybe some Bitcoin" that could prove helpful in case of a shutdown of the banking system. That was a bit of an understatement. CEO Patrick Byrne tells Buzzfeed the Utah company actually...

Your City's Sewage Could Hold $2.6M in Gold and Silver

Not that we'd recommend looking for it

(Newser) - The sewage being treated by your city could be a veritable gold mine. That's because all kinds of metals end up in sewage sludge, which is the leftovers from treated sewage, Science reports. Researchers in Arizona recently found that a city of a million people could generate up to...

ISIS to Mint Coin Worth About $700

New currency intended to sidestep 'global economic system'

(Newser) - Who needs a "tyrant's financial system" when you can mint your own money? That's apparently the thinking of the self-proclaimed Islamic State, which plans to mint its own currency of seven coins—two gold, three silver, and two copper, reports CNN . The Telegraph adds that the coins...

Scientists: Beware of Silver in Everyday Items

Nanoparticles are used to ward off bacteria—but at what risk?

(Newser) - Silver nanoparticles are used in all kinds of products—from odor-fighting socks to self-sanitizing toothbrushes—but some researchers fear they may be bad for the environment and our personal health, the New York Times reports. First, the good news: Microscopic particles of silver kill off bacteria, which is why they'...

Kodak's New Project: Clothes That Won't Get Smelly

The key: embedded silver

(Newser) - Kodak knows silver—the element's use in film made the company one of the top silver consumers worldwide. Kodak is a printing company these days, but it's got a new use for silver: making clothing that doesn't get smelly. Even after it's worn "for days...

Legendary Thief Caught by Retired Archnemesis

Lonnie Mason had been on Blane Nordahl's trail for decades

(Newser) - It's a criminal tale that reads like Catch Me If You Can. At its center: a thief of antique silver alleged to have burgled 500 homes over 30 years (including that of Ivanka Trump) and the retired detective who spent his career trailing him. Blane Nordahl was arrested yesterday...

Shipwreck Yields 61 Tons of Silver Worth $35M

 Shipwreck Yields 
 61 Tons of Silver 
in case you missed it

Shipwreck Yields 61 Tons of Silver

Odyssey Marine Exploration pulls up more treasure from SS Gairsoppa

(Newser) - Odyssey Marine Exploration has uncovered the biggest load of treasure ever recovered from a shipwreck: 61 tons of silver bullion. The haul was pulled up this month from the SS Gairsoppa, a British cargo ship that sank off the coast of Ireland in 1941 after being torpedoed by a...

Potent Weapon Against Superbugs Is ... Silver
Potent Weapon Against Superbugs Is ... Silver
study says

Potent Weapon Against Superbugs Is ... Silver

It makes antibiotics far more effective, says study

(Newser) - Researchers trying to figure out how to stop superbugs—strains of bacteria resistant to antibiotics—may have found a silver bullet of sorts. Actual silver. In studies involving mice, researchers found that antibiotics became up to 1,000 times more effective when silver was added to the mix, reports the...

Good News for Haiti: Gold!
 Good News for 
 Haiti: Gold! 

Good News for Haiti: Gold!

Troubled nation starts digging for $20B fortune

(Newser) - What news for a nation blighted by poverty , disease , and a devastating earthquake : Haiti is home to lucrative gold mines. And copper and silver ones too. Potentially worth $20 billion, the precious metal finds are already creating hundreds of jobs and new roads, the AP reports. What's more, mining...

For Investors, Silver Trumps Gold

Versatile metal gets better returns thanks to industrial buyers

(Newser) - All that glitters may not be gold, but these days you might prefer silver anyway, MarketWatch reports. Silver has rocketed to the top of the precious metals food chain, outperforming both platinum and gold because it’s an industrial material in addition to an inflation hedge. But the outsize gains...

Meet the Men Who Make Oscars
 Meet the Men Who Make Oscars 

Meet the Men Who Make Oscars

Spotlight misses Chicago workers behind Hollywood's most coveted trophy

(Newser) - Come Feb. 22, Hollywood will be fêting the stars who take home the Oscars—but there’s little chance any of the acceptance speeches will thank the guys who made the statues. From Martin Vega, who melts pewter alloy for the hardware, to Eladio Gonzalez, who gives Oscar his...

Silver Bits Boost Solar Power
 Silver Bits Boost Solar Power 

Silver Bits Boost Solar Power

Particles allow cells to absorb more light, researchers say

(Newser) - Scientists believe they’ve found a way to make less expensive, more efficient solar cells: Just add silver, the Economist reports. Standard cells, which rely on a thick layer of pricey silicon, are costly. Problem is, thinner cells absorb less red light, reducing electricity output by 20%. Sprinkling a few...

Gold Medal Is Priceless, But Metal Is Worth $215

(Newser) - Michael Phelps’ eight Olympic golds may be priceless, but they're not worth that much to a commodities trader, MarketWatch notes. This year's gold medals are made mostly of silver and coated with less than a quarter-ounce of gold, putting their value around $215. But people are, of course, willing to...

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