Captain Martin Bayerle, The Lost Gold of the Republic, and Learning about the Gold Standard

Three years before Titanic, on January 24, 1909, another palatial and "unsinkable" White Star Line passenger liner sank 50 miles off the coast of Nantucket. The RMS Republic sank in the most treacherous part of the North Atlantic, a heavily trafficked shipping lane, in 270 feet of shark infested water. The ripples from her loss generated the greatest legend in lost-treasure lore, the loss of wealth beyond most men's wildest dreams.......
http://www.rms-republic.c...
http://www.rms-republic.c...

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Ultimately, however, the Republic's bulkheads did not hold. The next day, while under tow back to New York, she sank in deep and shark-infested waters 50 miles south of Nantucket Island - beyond the grasp of that era's technology to recover. She was the largest, most technologically advanced vessel to sink in history to her day; she was succeeded in that ignominious role only by the loss of another virtually unsinkable White Star Liner, Titanic, which was to sink just three years later.

The Republic's cargos, however, did not fare as well as her passengers. All baggage and other cargos were lost. After all, there was no need to remove cargo from an "unsinkable" ship. And there was also no power to operate her winches, and no time; passengers always came first. ....
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The Lost Gold of the Republic

Irrepressible rumors from that date and which continue to this day - forming the greatest legend in lost-treasure lore - suggest that, in addition to a $265,000 US Navy Payroll (consigned to the U.S. Navy Atlantic Fleet at Gibraltar, 1909 value, worth today perhaps fifty to seventy million dollas), thousands of dollars in relief monies destined to aid the survivors of an earthquake in Italy, a several hundred thousand dollar consignment of silver ingots and the hundreds of thousands of dollars of personal jewelry and other valuables of her wealthy passengers (all 1909 values), she also carried to the bottom of the sea a politically sensitive and secret shipment of gold that had been consigned to the Czar of Russia: a $3,000,000 (1909 face-value) five-ton shipment of mint condition American Gold Eagle coins.

1909 $20 Double Eagle
The required legal inquiry concerning Republic's loss was never held. That lack of public scrutiny of the events surrounding her loss directly precipitated White Star Line's 1912 Titanic disaster. At the time of Republic's loss, the newspapers had raised serious questions regarding a ship's speed under adverse conditions, bulkhead construction, wireless telegraphy (monitoring, effectiveness and proximity of rescue vessels), and adequacy of lifeboats and lifesaving equipment. Certainly these questions would have been addressed in the official inquiry concerning the Republic's loss - if one had been held. The loss of 1,500 lives on Titanic was the cost of inaction, a crime of omission.....

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But why was the official inquiry never held? Winston Churchill, then President of the British Board of Trade, the agency responsible for conducting the Inquiry, would have known. Others in power at the time would have known as well. No doubt, Theodore Roosevelt, President, would have known. And Franklin Delano Roosevelt, Acting Secretary of the Navy, would have known.

Could it be that the Republic does indeed carry a cargo that may be worth today as much as five billion dollars1, a cargo if its loss had been revealed at the time would have caused public panic in the world financial markets and jeopardized the very existence of the Government of the Tsar of Russia - and placed the world into war?

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Legend is what is written or spoken when the truth is too dangerous to tell.

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Captain Martin Bayerle located the Republic in 1981. He has devoted the past 25 years to the study and research of events surrounding her loss. His efforts are now compiled in this confidential Report. Sections in the Report include background, research, newspaper information, theories, export-import studies, verification and miscellaneous tables and graphs. The matter of "gold engagements" (the manner in which gold was secured and shipped in that day) is analyzed in great depth and documents from the U.S., Great Britain, France, Russia, Spain and Switzerland have been examined for their relevance. In addition, an exhaustive search of all newspaper, company and public records has been completed in order to facilitate a book and film documenting the story of the Republic. .........

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Gold Market - Definitions and Information

In the sections that follow, many articles will be reproduced, with most containing technical terms specific to the turn-of-the-century New York foreign exchange market.

In order to fully understand Captain Bayerle's Third TheoryTM, you must be somewhat familiar with the turn-of-the-century's gold standard, foreign exchange, and market, business and political motivations, and, in effect, you must be transported back in time . . .

This will not be an easy journey. Be prepared (and forewarned), that the next few sections are challenging reading. Most likely, after your reading, you will have a near turn-of-the-century banker's knowledge of the New York foreign exchange market.
Gold Bullion and the Gold Standard

To meet its needs for qualified employees, in 1919 National City Bank prepared a correspondence course entitled Foreign Exchange and International Banking, National City Bank Educational Series, New York. Other contemporary texts are also quoted. .... http://www.rms-republic.c...

This site has great resources to learn about the practical issues of the gold standard as well as a great conspiracy. Read at your own risk.