Real Location of Lost Nazi Gold At Sea? - Gainesville Coins News
No Minimum order! We accept Pay with Credit Card
Call Us: (813) 482-9300 Mon-Fri 9:00AM-6:00PM EST
Login or Register
Log into your account
About Gainesville Coins ®
Billions Of Dollars Bought And Sold A+ BBB Rating 10+ Years No Hidden Fees Or Commissions All Inventory Ships Directly From Our Vault

Real Location of Lost Nazi Gold At Sea?

blog | Published On by
Real Location of Lost Nazi Gold At Sea?


Research in Poland by a pair of eccentric amateur geologists convinced they had found lost Nazi gold has created tantalizing headlines all year. The supposed discovery of an abandoned WWII-era train hidden underground ultimately proved fruitless.

Yet the trail of the Nazi's mythologized treasure hasn't gone entirely cold: now it's purported to be among a 1945 shipwreck in the Baltic Sea.

Fleeing the Russians

The German cruise liner, the MV Wilhelm Gustloff, was transporting Nazi soldiers and military officials along with German refugees when it was sunk by a Russian submarine in January of 1945. Refugees made up the vast majority of the passengers. The ship was escaping Europe as the Soviet Red Army was overpowering and advancing on Nazi forces.

Nearly 9,500 people died in the incident, ranking the Wilhelm Gustloff the largest loss of life ever recorded in a single ship sinking. During wartime, she was used as a hospital and barracks accommodations. At the time of the attack, she was escorted by a torpedo boat.

nazi ship MV wilhelm gustloff MV Wilhlem Gustloff. Source: Wikimedia Commons [CC BY-SA 2.5]

The ship was only designed to hold a capacity of 1,800 people, but at the time it was sunk, it was packed with over 10,000 onboard. The space was packed so tight that many people refused to leave their life preserver jackets on as they had been instructed. Many who didn't survive perished in the icy water of the Baltic Sea. Wilhelm Gustloff's passengers were made up primarily of refugees—almost 9,000—and a handful of Gestapo members, naval officers, and other wounded military personnel. She was transporting residents of the German enclave, Danzig, and refugees from elsewhere in the Prussia region as part of Operation Hannibal, an evacuation mission.

Now a British diver, Phil Sayers, believes that the vessel was also carrying the stolen Nazi loot that couldn't be found in Poland's tunnels. There's just one problem: the shipwreck site is a war grave. It's protected from diving or exploration unless special approval is given.

In all likelihood, permission will not be given to investigate and recover anything from the undersea remains of the Wilhelm Gustloff. However, speculation will only intensify that perhaps the lost gold, jewelry, furniture, and rare art looted from Europe by the Nazis are lying at the bottom of the Baltic Sea with the rest of the shipwreck.


The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

This site uses cookies for analytics and to deliver personalized content. By continuing to browse our site, you agree that you have read and understand our Privacy Policy.