Sir Martin Frobisher: the first Canadian Pirate
June 5, 2010
By Rev Ed Hird
Restoring Health in the 21st Century

All the credible scientists told Frobisher’s financial backer, Michael Lok, that the black rock was worthless ‘fools gold’. But Michael Lok, being an early stock promoter of the less reputable kind, ignored their advice and instead consulted an Italian alchemist, Giovanni Agnello, who used ‘black magic’ to discern that Martin Frobisher’s rock was indeed gold.
over 20,000 pounds, including 3,500 pounds of the Queen’s money, Martin Frobisher brought back 2,300 tons of alleged gold to England. This ‘gold rush’ treasure was promptly secured with 4 padlocks in the Tower of London and Bristol Castle. Once the geologists found out that the Baffin Island gold was fool’s gold, Frobisher and many of his investors went into bankruptcy. His financial backer, Michael Lok, was sent to jail. To cover the embarrassment of Canada’s first Bre-X-style disaster, the 2,300 tons of fools gold was dumped into the Bristol Harbour and also used to pave roads. Yet Frobisher never stayed defeated for long. Within a few years, he joined the British navy and ended up being knighted by Queen Elizabeth for defeating the Spanish Armada.