BREAKING- CARGO SHIP CARRYING 700 TONS OF GOLD VANISHES IN SEA OF OKHOTSK OFF RUSSIA

This is why one has to be careful not to be sucked in by headlines.

My first thought was what a great scam. A country demands its physical gold.... you sink the carrying vessel which doesn't really have gold aboard (looks like it does though) with a submarine.... the vessel, with all hands, is lost in deep water.... and you get the insurance company to pay off in "paper money" while you cancel your gold delivery obligation. What a coup! (approx 39 billion dollars if I ran the numbers properly).

Reading deeper however...

Cargo carrier Amurskoe disappeared in the Sea of Okhotsk while carrying 700 tons of gold ore.

you find that it wasn't gold that went down with the ship but rather it was gold ore. 700 tons of ore at say 5 gms/tonne (a decent grade) is 3500 gms. or about 110 ounces (again this depends if I have done the numbers properly). The point is that people in the media deliberately run headlines for "sensationalism."

This story while it catches one's eye is meaningless except for the crew members who lost their lives when the ship went down in the rough seas.

Sensationalism is not necessary for gold. It will rise due to its fundamentals. only the time of its ascent yet to be determined.

P.