You are 100 percent correct.
It is just a money making scheme that people are still falling for.
I can tell you one thing for sure. The treasure has been found and removed.
In about 2000 I visited a bookstore in jacksonville, florida called Chamblins Bookmine. Being an avid reader of treasure stories, I found a copy of the Beale code solved in an old copy of Treasure Hunter. It dashed my hopes too. They explained that the Beale code key was found in the back of Thomas Beales bible that was left with his family. Thomas Jefferson Beale was a Mason and used the Masonic Key to encode the 2 and 3 page. Never tried to get more information on it but will seek out the issue again with I go back this next month. Chamblin's Bookmine is just like finding buried treasure in book form.
BTW try decoding the letter using the TIC TAC TOE method. Can't remember all but do remember that words go across and numbers go down Words are in groups of 9 That is what I remember
Hi Paul, You maybe on to something, I hope you are. I am ready to go public this summer with everything we have on the codes. I still believe or hope that there is some truth to the Treasure and the Codes. But the proof I have will show that there is no message to a treasure.
Someone did a great deal of work to put this all together and it was done by two different people at different dates in times and two different DOI were used. For 2 years I found info that made us think the treasure was real but when we got to the end of the codes things look different. I hope you come up with something and if you do please get back to me. I am willing to look at what you come up with. We are busy working at a Lost Civil War Gold site in Elk Co. Pa. We have several sites we hope to dig at this summer then we will start posting what we found at each site. You can email me at our site at www.finderskeepersusa.com
The treasure was never lost friends.That is all.