World War II Sunken Treasure

Treasure hunters are believed to be on the brink of recovering an estimated $3 to $5 billion in platinum, diamonds and possibly gold from the wreck of a British merchant steamer, the Port Nicholson, sunk off the coast of Cape Cod by a German U-boat in June 1942. The wreck is about 50 miles east of Provincetown in 700 feet of water. This may turn out to be the exciting story for 2012. Read the story on the Cape Codder website... Here.

Another article, with a lot more information, can be found on the SubSea World News website...Here