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A US millionaire who buried treasure in the Rockies has offered one main clue

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Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#72

Earlier quoted context omitted.

I for sure would not tell anyone about it.

If you intend to keep it "as is", it's not a problem. But you would need to if you want it for it's moneytary value. Even selling in piece by piece on a black market, which is quite hard to do, will require you to advertise it. However my guess is that whoever is smart enough to find it is smart enough to solve this problem as well.

Contact a lawyer that normally deals with lotto winners to help setup the right entities (probably an LLC) to own the treasure. This protects you incase someone decides to sue you. Depending on the state, you can claim someone else as a nominee manager of the LLC so your name stays off anything public. You'll still have to pay taxes on the find and then taxes on any capital gains you get from selling treasure. It might even be better to hold onto the treasure and sell off bits as needed instead of trying to flip the whole thing. I know capital gains taxes favor long term investments although he price of gold might fluctuate enough for you to technically lose money (meaning no taxes on the sale). There are a whole host of scenarios that can liquidate your treasure fast or slow, cheap or expensive but it all depends on your state and the market.

Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#73

Earlier quoted context omitted.

Or he has access to aerial surveys that indicate that there was no digging at the site. Or the treasure is of the form "take this letter to the bank in order to get your reward". Or maybe he is confident it is not found because it can't be found because it is a hoax.

GPS tracking? Some kind of tamper-detection with a sender? At his budget he could be communicating through satellites.

would need a permanent power source to do that. batteries slowly leak power even if unused. with a solar charger batteries would eventually wear out from the charge cycling. GPS and satellite communication is relatively power hungry. plus, the radio emissions would be a dead giveaway.

Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#75
post #60
post #48

Earlier quoted context omitted.

This is not how physical gold works. My understanding is that it's tightly regulated with unique identifiers for all ingots, bars, etc and the ownership of each being recorded so there is an audit trail if a diluted bar or ingot is found later. I assume freshly mined gold has to go through some type of formal lab validation / certification for purity that puts it into this identification scheme. I expect nobody will…

My understanding is that it's tightly regulated with unique identifiers for all ingots, bars, etc and the ownership of each being recorded so there is an audit trail if a diluted bar or ingot is found later. Do you have a source for this? My understanding is there is almost no tracking whatsoever of gold. Yes, if you brought in a new poured ingot, someone will want to confirm the purity, but there are no required ide…

It's surprisingly unregulated. I haven't heard of anyone melting stuff down, but thieves commonly sell jewelry to different buyers, who are only concerned about the quality and will take any ID details, fake or not. One guy said he can carry gold across borders in liquid form (I'm assuming aqua regia?) so he can sell it for a higher price.

Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#76

it goes to show like the netflix prize, x prize etc. Is that contests cause 10X the investment of time, energy, and money as compared to the prize. The expected value on these contests is very low. Instead of government grants, we should have government X prizes for solving various problems. Solar for under $x/watt, fuel efficient vehicles, etc etc.

This sort of assumes the only return from seeking a prize is the prize.

Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#77

Earlier quoted context omitted.

Or he assumes people will tell him when they find it?

Or he has access to aerial surveys that indicate that there was no digging at the site. Or the treasure is of the form "take this letter to the bank in order to get your reward". Or maybe he is confident it is not found because it can't be found because it is a hoax.

In the chest is 40lbs of lead and a key with a note. The key is to a safe deposit box and the note says what bank and where. He also has a key to the same box and can check that box whenever he wants. He knows it's found when the real loot in the safe deposit box is gone.

Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#78
post #9

I was looking at Fenn's poem the other day and did a little frequency analysis. It's interesting to see three 'W's on one line, two 'Q's on another, every other letter present except 'X'. Maybe find the X, as in 'X marks the spot'? He says he spent 15 years working on this poem.

The map is unusual. It's rare to show magnetic declination lines - I suspect there might be a clue there. Land ownership is seemingly a clue too. Nobody who grew up in the west would hide treasure on someone else's private land and then claim he did it to get people outdoors. In many of these areas, people don't appreciate trespassing. Tribal land is out of the question too, unless he's crazy.

Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#79
post #9

I was looking at Fenn's poem the other day and did a little frequency analysis. It's interesting to see three 'W's on one line, two 'Q's on another, every other letter present except 'X'. Maybe find the X, as in 'X marks the spot'? He says he spent 15 years working on this poem.

"The treasure is out there waiting for the person who can make all the lines cross in the right spot."

Re: A US millionaire who buried treasure in the Rockies has offered one main clue

#80
post #78
post #9

I was looking at Fenn's poem the other day and did a little frequency analysis. It's interesting to see three 'W's on one line, two 'Q's on another, every other letter present except 'X'. Maybe find the X, as in 'X marks the spot'? He says he spent 15 years working on this poem.

The map is unusual. It's rare to show magnetic declination lines - I suspect there might be a clue there. Land ownership is seemingly a clue too. Nobody who grew up in the west would hide treasure on someone else's private land and then claim he did it to get people outdoors. In many of these areas, people don't appreciate trespassing. Tribal land is out of the question too, unless he's crazy.

Eh, well, the declination theory is probably nothing. There is apparently another map blessed by him w/o declination and land ownership.

https://dalneitzel.com/wp-content/uploads/2016/04/Fennboree-...

He claims all you need is the map, then leaves more offline clues in interviews than on the map, e.g. above 5000 feet, near pine, near a road from which he could make two trips in an afternoon. That is sort of annoying - seems a treasure map /poem should be self-contained.

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