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the gold and silver was cached in february 1862 after the federal victory at fort donelson which was located not far from bear springs.

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AyushiJain10 AyushiJain10

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After the Federal victory at Fort Donelson, which was not far from Bear Springs, the gold and silver were stockpiled in February 1862. Carlisle is located about four miles south of Bear Springs. Confederate soldiers fleeing Northern troops allegedly buried a cache of gold and silver coins near Carlisle.

What happened to Bear Springs' gold and silver?

Bear Stearns' failure occurred on the same day that gold reached all-time highs (over $1000) and silver reached 30-year highs ($21). From the end of 2007 to the middle of March 2008, Bear lost more than $2 billion by being short gold and silver. Bear Stearns was forced to come up with $2.7 billion because gold and silver prices rose dramatically in the first quarter of 2008, and the company bet incorrectly. The most visible reason it failed was that it couldn't come up with all of the margin money for the losses in gold and silver.

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