Breaking- Cargo Ship Carrying 700 Tons of Gold Vanishes in Sea of Okhotsk Off Russia

*Breaking*
A cargo ship carrying 700 tons of gold ore has vanished late Sunday in the Sea of Okhotsk.  A distress beacon was reportedly activated late Sunday, but Russian rescue operations have had no success locating the wreckage or survivors:
A sonar distress beacon was automatically activated near Feklistov Island in the Shantarsk Archipelago on Sunday, Russia’s Emergency Ministry reported. The tanker Novik was the first to arrive at the scene, but found no wreckage or survivors. The rescue operation was complicated by severe weather, and waves up to four meters high.

In other news, the Fed reported Monday that Germany will be allowed to repatriate a portion of it’s gold reserves after all.

Full report on the lost crew, ship, and treasure below:

5 rescue vessels continue the search Monday:
Cargo carrier Amurskoe disappeared in the Sea of Okhotsk while carrying 700 tons of gold ore. Three ships, an amphibious aircraft and a helicopter are undertaking search and rescue operations to find the eight crewmembers of the lost vessel.