To: banco$ who wrote (23037 ) 8/11/2000 8:02:15 AM From: long-gone Read Replies (1) | Respond to of 116764 OK, something just doesn't square in this. If gold really isn't ever going to be needed in the world of tomorrow & all governments only want to get rid of the gold they hold, why is Spain going to the trouble to try to recover gold? Spain to search US waters for gold-laden ships Spanish officials are seeking the right to search US waters for hundreds of gold-laden Spanish ships that sank hundreds of years ago. They are encouraged by a court decision in Richmond, Virginia, which ruled in favour of granting Spain two warships that sank off the Virginia coast some 200 years ago or more. Spain now has its sights set on hundreds of other gold-laden Spanish vessels sunken in other U.S. waters from the 1500s to the 1800s. "We want to finally give burials to Spanish navy personnel drowned in sunken galleons for 350 years," said Rafael Rodriguez Ponga, the director of cultural affairs for Spain's Foreign Ministry. Spain also wants to recover the vessels to preserve them for archaeological study or display, he said. The greatest glory of the Spanish empire came in the 1500s and 1600s with possessions in Latin America, Africa and Asia. The powerful Spanish navy, subjected to sinking by storms and piracy, presented the main link between the motherland and colonies. In last week's ruling, the appeals court affirmed a judge's ruling a year earlier granting Spain title to the Juno, which disappeared off the East Coast in 1802 with about 435 passengers aboard. According to some accounts, the ship was laden with as much as 500 million dollars in coins and precious metals. The appeals court also reversed a judge's ruling on a second ship, La Galga. The judge had ruled that the ship, which sank in 1750 a few miles north of what is believed to be the Juno site, belonged to Virginia. Spain now owns both shipwrecks even though they are well within the three-mile limit established by the US Congress as territorial waters.ananova.com