Deep Blue Marine Inc. Enters Agreement to Purchase Aprroximately 110 Troy Ozs of Gold for Its Treasury
Deep Blue Marine Inc. announced that the company has entered into a contract to purchase 110 troy ounces of gold from the wreck of the SS Central America which sank off the east coast of the United States of America. The gold ingot was originally recovered by Odyssey Marine Inc. (OMR) and is registered as ingot number 946 in the Kellog Humbert index. The bar weighs approx 9.25 pounds.
Wilf Blum, President and CEO, had this to say, “We are always looking for ways to secure the shareholders of our company, and it is our plan to hold numismatic metals such as gold and silver with verifiable histories in the treasury of Deep Blue Marine Inc. Although it is hard to put a price on this bar, a similar one sold for several million dollars. It has always been the intention of Deep Blue to hold as much gold, silver and platinum as possible in our safe deposit boxes as a hedge against our stock. The company plans to sell artifacts from the wreck sites it works, but not the numismatic gold and silver that we recover. In some cases such as this we are able to purchase the ore at very favorable prices.
For more information on Deep Blue Marine Inc. go to www.alldeepblue.com or www.goldenboards.com