![](https://www.armstrongeconomics.com/wp-content/uploads/2023/04/SSCentAm-Gold-Bar-Black.png)
QUESTION: Didn’t you also buy gold bars from the SS Central America ship that was discovered? The gold bugs hate you and say you are bearish gold but you buy a lot of it.
All the best
JE
![](https://www.armstrongeconomics.com/wp-content/uploads/2022/04/Sinking-SS-Central-America-10-3-1857.jpg)
ANSWER: Oh yes. I tend to collect important relics from major economic events. The sinking of that ship set off a financial panic in NYC because the banks were counting on that gold shipment. I did buy bars. There were some 30,000 pounds (13,600 kg) of gold and about 15 tons were recovered.
![](https://www.armstrongeconomics.com/wp-content/uploads/2022/04/1857-SS-Central-America-Ship-Wrech-Bar-r.png)
They are a piece of history. I would not melt them down.
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