Confederate gold

Confederate gold refers to hidden caches of gold lost after the American Civil War. Millions of dollars' worth of gold was lost or unaccounted for after the war and has been the speculation of many historians and treasure hunters. Allegedly, some of the Confederate treasury was hidden in order to wait for the rising again of the South and at other times simply so that the Union would not gain possession.

When Union troops were on the verge of invading New Orleans, Confederates quickly removed millions of dollars of gold to a "safer" location, the city of Columbus, Georgia. The gold was temporarily stored at the Iron Bank by William H. Young. On October 11, 1862, General P.G.T. Beauregard was ordered to take the gold from Young's bank in Columbus. Young refused to release it, but was compelled to do so by force. According to Beauregard's biography, "What became of that coin is a mystery."

George Trenholm, who was Treasurer of the Confederate States of America for the last year of the American Civil War, was arrested after the war and accused of making off with millions in Confederate assets.

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