Britannia Gold aiming to cash in on two decades of painstaking research into location and cargo of lost ships

A transatlantic salvage operation will put to sea on Monday to recover some of the estimated £125bn worth of gold and other precious metals sunk by German U-boats while being shipped to pay for Britain’s first and second world war efforts.

Britannia Gold, a UK firm that has spent 25 years analysing cargo lost at sea, will set sail in secret from an unannounced port to explore the first cluster of shipwrecks it hopes will yield treasure.

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