Battle for sunken treasure off Colombia's coast (Destined for)
Dec 11, 2023
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Explore the ownership dispute over a shipwreck off Colombia's coast, the contrasting reactions of gold and silver when exposed to water, failed journeys and the concept of being destined for a particular destination, and the idea of being destined for greatness and representing different sides of an argument.
The ongoing dispute over the sunken ship, San Jose, off the coast of Colombia involves multiple parties, including Colombia, Glacamora, Spain, and indigenous groups from Peru and Bolivia who claim entitlement to a portion of the treasure.
Archaeologists and preservationists in Colombia express concerns about the Colombian government's rush to excavate the ship without proper procedures and experts in deep sea preservation, potentially leading to the loss of valuable historical clues.
Deep dives
Fight Over Buried Treasure
The podcast episode discusses the ongoing dispute over a sunken ship, the San Jose, which carries a massive treasure off the coast of Cartagena, Colombia. The ship sank over 300 years ago during a battle with a British naval ship. Colombia claims full ownership of the shipwreck, but a disbanded exploration group, Glacamora, and the government of Spain also argue for their rights to the treasure. Additionally, indigenous groups from present-day Peru and Bolivia claim entitlement to a portion of the treasure since it was mined from their territories.
The Value and Ownership
While the exact value of the treasure is uncertain, some estimates suggest it could be worth $20 billion. However, the actual value depends on the condition of the treasure, which is unknown. The Colombian government, led by President Gustavo Petro, aims to excavate the ship and bring the treasure to the surface before his term ends in 2026. Spain claims legal ownership of the ship based on the concept of sovereign immunity, but their claim is controversial. Gold coins are believed to remain pristine underwater, but silver items would be damaged by exposure to water.
Debate Over Deep Sea Excavation
Archaeologists and preservationists in Colombia express concerns about the government's rush to excavate the ship without proper procedures and experts in deep sea preservation. They fear that valuable historical clues may be lost for an artificial political timeline. The debate continues over who should have rights to the treasure, as Colombia, Glacamora's successor company, and Spain all have compelling arguments for ownership.
The San José, a Spanish treasure ship carrying gold, silver, and valuable jewelry, sank off the coast of Colombia in 1708. The shipwreck, and its treasure, have been untouched for over 300 years. Now, the government of Colombia is working to bring the tr
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