Society

Man Discovers $3.7 Million In Gold In New House

| by Michael Howard

A man in France has discovered millions of dollars' worth of gold in a home he inherited from a dead relative.

The immense treasure was hidden throughout the property and was found bit by bit as the unidentified man moved pieces of furniture around his new house.

"It started when he found screwed under a piece of furniture a tinplate box [with gold inside]," reported local newspaper La Depache, according to The Telegraph.

Next he uncovered a "whisky bottle box with a few gold pieces carefully hidden" inside.

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"It was extremely well hidden -- under furniture, under piles of linen, in the bathroom. Basically, it was stashed everywhere," auctioneer Nicolas Fierfort said, adding that "there were 5,000 gold pieces, two [26-pound] gold bars and 37 ingots each weighing [2.2 pounds]."

After he finished searching the property, the heir took steps to have an appraisal performed.

"At that point he called his solicitor to make an inventory," Fierfort said, according to The Guardian.

It turned out that every piece of gold has been purchased legally in the 1950s and 1960s.

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In a little over a week, the man sold the entire treasure to various buyers for a total of $3.7 million. But he can only hope to retain about half that amount, as the inheritance tax in France is currently 45 percent.

Furthermore, he will be forced to pay a wealth tax if his late relative neglected to do so in the final three years of his life, The Telegraph reports.

Sources: The Guardian, The Telegraph / Photo credit: Timothy Tsui/Flickr

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