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Lost Incan Gold. Spanish commander Francisco Pizarro had captured Incan king, Atahualpa. Pizarro promised to release Atahualpa if the king would give him an unreal amount of gold. Atahualpa’s people came through & collected all the gold. Part of the gold was delivered to Pizarro, but before the other half was delivered Pizarro went back on his word & had King Atahualpa executed. It is said that those loyal to Atahualpa buried the treasure in a mountain cave where it remains to this day.