1-866-646-8465
CHARTS
0

Your Cart:

Subtotal: $0.00

Aztec Gold: Did You Know?

Aztec Gold: Did You Know?
Apr 2, 2020

When Cortés and the conquistadors arrived in Mexico, they were enraptured by the gold treasures of the Aztec civilization. Determined to get their hands on it by any means necessary, the Spaniards employed everything from deceit to bloodshed. If you’re interested in learning more, watch today’s episode of U.S. Money Reserve’s “Did You Know?”

Aztec Gold: Did You Know? – Video Transcription

Narrator          (00:09)

Spanish conquistador Hernan Cortéz landed on the Mexican coast in February of 1519 and embarked on his journey to acquire land and riches. He began receiving treasure from Aztec emissaries in a show of ally ship even before setting foot at Tenochtitlan, the Aztec capital. In addition to treasure, the Aztec King, Montezuma, sent the Spaniards gold dust after the sly Cortés tricked him into believing gold was the only cure for a Spanish illness. The Aztec empire's extravagant use of precious metals, gem stones and feathers beguiled the Spanish conquistadors when they arrived in the city. The Aztecs valued using gold for plates, ornaments, medals, and other decorations. Cortéz eventually imprisoned the King who openly told him where to find gold in the region. Although Montezuma discouraged it, violence inevitably broke out in the city. On June 30th, 1520, the Spaniards decided to withdraw with all their loot. They loaded themselves with treasure and quietly trudged their way out until Aztec warriors caught them and descended upon the Spaniards and their allies.

Narrator          (01:18)

Many of Cortéz's men were weighed down by their loot and fell into Lake Texcoco while others ran too slowly to escape. This night became known as the Night of Sorrow. In the following year, the Spanish army rebuilt themselves and overtook Tenochtitlan successfully, marking the downfall of the empire. Almost all the gold recovered from the city was melted into bars, losing the cultural significance of the original Aztec artifacts. In spite of this, some lost treasure from the Night of Sorrow has been recovered in modern day Mexico City. Call the number on your screen if you'd like to learn more about gold's place in history and gold's place in your portfolio. Make sure to subscribe to see more of our videos on various topics.

Subscribe

Sign up now for latest executive insights and latest news delivered right to your inbox.

  • This field is for validation purposes and should be left unchanged.

Related Articles

Studies Find Many Americans Aren’t Ready for Retirement

Studies Find Many Americans Aren’t Ready for Retirement

Are you prepared for your retirement? There are three studies published recently that made me think about this. First, the Vanguard Group, which tracks 5 million retirement accounts, published data that shows that in 2023, the average balance in an employer sponsored...

read more
Why the Federal Reserve May Be Risking a Recession

Why the Federal Reserve May Be Risking a Recession

On June 12th, 2024, Federal Reserve officials announced that the central bank had not seen enough progress yet on the inflation front to cut interest rates, and they lowered their projections for the number of rate cuts this year from 2 to 1. That was big news since...

read more