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So is the moral of the story to melt down any gold you find and disguise its origin? I found it sad that the insurance companies were trying to make a claim from the 19th century as well. That seems pretty out there.

Makes sense to me.

Another moral: Don't hide from the Feds in the US.

Edit: And that reminds me. A decade or so ago, I chatted with people who claimed to be doing the Cryptomonicon thing. That is, pouring molten gold into a cave on their property, and issuing gold-backed electronic currency. They were likely crazy, or putting me on.

This is only somewhat related, but does someone know a resource that describes what happened to the continental financial/currency systems when a ship with gold on board sunk and couldn't be recovered? I've read that this is how ship insurance started, but couldn't find anything about the effects of disasters, discoveries and conquests in the old and new world.

Relevant to the article: https://en.m.wikipedia.org/wiki/Panic_of_1857

Hopefully someone will make a movie about this guy similar to: www.imdb.com/title/tt8106596

The Curse of the Ship of Gold