Where did all the Plundered Eldorado Incas Gold Jewelery and Treasures Go?
Gold, silver jewelry, ingots and coins were shipped out by hundreds of ships across the sea to Spain.
An incredible wealth was transported across the oceans and today many shipwrecks still contain immense wealth that we find hard to comprehend.
So where is the gold jewelry today? And why wasn’t Spain a super power if it had this incredible wealth?
Basically they squandered these valuable Incas treasures.
So much gold arrived that they built beautiful buildings for the church with gold and silver decorations from Incas lost treasures.
Spain indulged in importing exotic spices and would trade lb of spices for an ounce of gold. They also imported the most beautiful silks and porcelain pottery.
Spain traded with Middle Eastern, Indian and Chinese traders and today these countries have the Eldorado gold of Peru.
Spain never started factories to create wealth, they just kept spending and ended up with nothing, but the countries they traded with did not sell the traded valuable items but kept it.
Interesting to note that the Ottoman Empire (Turkey) was at its peak in the 16th century, this is due to the Spanish looting gold that made the country strong.
Today Incas gold has been melted into gold coins during the Ottomans empire rein. The ladies would wear gold coins around their necks to show their wealth.
These coins all had holes drilled in them. Venice also did extremely well from being a trading port.
China had factories mass producing porcelain pottery for Spain’s appetite and painters would mass produce hand finish and today Incas gold has been melted into ancient Chinese gold jewelry and coins.
India also grew strong from Spain’s gold and even today India is one of the world’s greatest importers of gold as they make gold bangles to store their wealth rather than placing their money in a bank.
This tradition started after the Spanish looted gold arrived in bulk in this part of the world.
COIN MINTS IN NEW WORLD
Spanish ships sailed endlessly carrying coins and treasures from the new world to Spain and there were many shipwrecks full treasures and of spanish shipwreck coins
Many archaeologists equivalent the amount to GNP of many countries and some consider these coins and treasures to be priceless.
From 16th century Spanish Galleons dominated the seas
Crossing the Atlantic was extremely dangerous due to storms and uncharted rocks with many shipwrecks
But also other countries targeted these galleons ,especially the ships of England and France
Many of the Caribbean islands had pirates ,many British who attacked these Spanish galleons as they were know to hold incredible wealth
Archaeologists estimate that up to 400 Spanish ships were sunk off Puerto Rico alone and maybe thousand ships sunk of south America
Spanish stories about Eldorado were relevant and many businessmen hired pirates hoping to hit n attack a Spanish galleon loaded with coins and treasures
But many Spanish ship only carried tobacco ,perishable foods also and many pirates had poor results by attacking these ships.
Spain also had reputation of tradable silver coins.
These silver coins were of high standard purity and weight which was rare in these days.
Spain had famous 8 reales silver coin.
It weighed 27.47 grams and was .9305 purity
Spain opened major mints in Mexico city in 1535, Peru, Lima in 1568 ,Potosi in Bolivia in 1575, and Santa Fe De Bogotá Columbia in 1620.
Later, additional mints were located in Guatemala City (from 1733), Santiago, Chile (from 1750), and Popayan, Columbia (from 1758).
These mints produced millions of exact silver reale coins for around 100 years.
Assayers had high importance in hierarchy and many assayers positions were held by political figures as so much power was giving in the importance of their position that the assayer was highly considered in the Spanish social elite.
These silver reale coins were so popular that many English colonies adapted their currency to them as even England didn’t have such high standard of silver coins for trade.
Spain has an incredible history in regards to conquests and the importance of coinage.
Celtic people moved into present pain around 900 BC
In 600 BC the Greeks landed and established trading posts on east coast.
Two centuries later Rome conquered Spain and named it Hispania.
Rome s used Spain as military base and produced coinage with emperors Augustus, Tiberius, and Hadrian.
AD 573 ,the Visigoths from Germany conquered Spain and they re produced Byzantine gold coins.
AD711 Moors from Northern Africa invaded Spain and minted Muslim coinage.
Many wars were fought and not till 1400 did Christian control Spain again and minted the Dinero
Spain had been conquered by many nation but in 1469 with marriage of Isabella and united Spain that an Italian merchant Christopher Columbus was hired and the rest is history of our Spain dominated the new world for century.
Now many centuries later the West is doing the same.
We import trinkets that are not life s essentials for good dollars and will end up the same as the Spanish did.
Let us learn from history.
Those who keep the gold and silver have the real wealth preserved.
What item have you bought over the last 2 years that is worth more than 10% of what you paid for it?
If you didn’t buy gold or silver jewelry or coins you would have nothing to show for it.
Our western strategy is the same as the Spanish trading gold for spices.
Tasty one day and all assets gone the next!
Not very smart at all.
Those who bought silver coins a year ago for example could make 60% extra if they sold today.
Even silver jewelry bought at retail price you should be able to hock to half what you paid for it and maybe more for Gold.
Spain never found its Eldorado and unless you start buying gold or silver jewelry today, you also will miss out on having assets when you get older.
Also it pleases your partner to have you give them a valuable jewelry piece to show your love and also to makes you feel better with implementing your asset plan.
Get the best deal today you can as tomorrow it will slowly be worth more.
View coins from famous Lima mint in Peru.
The Spanish actually set up a mint to bring silver coins back to Spain.
Lima mint had good reputation from 1680 to 1750
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