Czar's gold treasure found on Baikal Lake bed


A Russian mini-submarine may have found billions of pounds worth of lost Tsarist gold on the floor of the world’s oldest and deepest freshwater lake in Siberia.


Tsar Nicholas II and his family were slain by Bolshevik troops on July 16, 1918 but much of their wealth was spirited away by loyalist forces.

The legendary gold treasure of Russia's last Czar could have been found by Mir-2 mini submarine on the bed of the world's deepest fresh water lake Baikal in Siberia, according to reports.
The legends say gold estimated at 1,600 tons and worth billions of dollars, was lost after the train of White Admiral Alexander Kolchak, who had declared himself ruler of Siberia during Civil War plunged into the lake from the Krugobaikalskaya line at Cape Polovinny.

"The Russian Mir-2 mini-sub has found a number of shiny metal objects on the bottom of Lake Baikal that could be the legendary Czar's gold lost during the Russian civil war," RIA Novosti reported quoting the Fund for the Protection of Lake Baikal.

Explorers have long been searching for the Czar's gold that was allegedly carried by Admiral Alexander Kolchak as he fled the advancing Red Army during the Civil war after the Bolshevik Revolution of 1917.

Last year, when explorers found fragments of railway wagons and ammunition boxes dating from the civil war, there was, however, considerable scepticism that the gold was still in the lake.

However, yesterday the Mir-2 submersible found "shiny metal objects" resembling gold bullions some 400 metres below the surface near Cape Tolsty.

"Explorers attempted to grab hold of them with the mini-sub's manipulator arm but failed to due to the crumbling gravel on the lake's basin.

One consolation is that the explorers have determined the exact position of the alleged treasure," the Fund's director Baira Tsyrenova said.

Two mini submarines Mir-1 and Mir-2 of the Science Academy for the second year carrying out detailed study of the bed of Lake Baikal.