Government Conspiracy | Lost Gold Found by Treasure Hunters – Mystery of Lost Gold | Union Gold from the Civil War was buried in Elk County Pennsylvania. Over the years several bars of gold have been found. A few years ago, treasure hunters located metal with the consistency of gold and iron underground. However, the metal was on state property and the FBI swooped in and excavated the site while forbidding the treasure hunters entry. The FBI claims that nothing was found, but how can anyone truly know.