The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 17th July 2009 (1222 views)

Gold belonging to a leader of the Confederate side in the American Civil War is still being hunted almost 150 years after it was first buried in the southern US.

It is believed that Bob Lee returned from the war with $30,000 (£18,366) worth of gold during the late 1860s and buried it in an area spanning four counties in the Texoma region, which consists of the land lying across the border between Texas and Oklahoma.

Lee was killed in 1869 by men trying to find out where the gold was before he revealed the exact location of his wealth, KXII reports.

A number of gold coins were found during the 1950s, but it is widely believed that there are still more buried in the area.

"Nobody knows what happened to the gold. It is still buried somewhere," commented Maurdell Bennett, a resident of Leonard, a city located in the area where the gold is believed to be situated.

Last year, treasure hunters from Pennsylvania claimed that they had found a hoard of gold dating back to the Civil War that could be worth $30 million in today's money.

However, they said that the local government would not let them dig up the treasure trove, WJAC reports.

 

« Back to Gold News stories