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Smaller Faster Lighter Denser Cheaper by Robert Bryce

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11

FROM KUBLAI KHAN TO M-PESA

The SS Gairsoppa was hauling money. To be precise, it was carrying about 219 tons of silver from India to Ireland when it was torpedoed by a German U-boat on February 17, 1941. For seven decades, the wreckage of the coal-fired Gairsoppa and its $230 million cache of silver sat undisturbed on the bottom of the ocean in about 4,700 meters of water.1

In 2011, a company called Odyssey Marine Exploration found the Gairsoppa in a spot about 300 miles off the Irish coast.2 Since 2011, the Florida-based company, which is publicly traded on the NASDAQ under the ticker OMEX and is excavating a number of other shipwrecks and ...

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