Answer:
A red drum which sounds without being touched, and grows silent, when it is touched.
What has a big mouth, yet never speaks?
We are few to the wise; We are abundant to the drunken; We can calm the beast and are precious to the child; We can devour the heart, without piercing the skin
Hard to catch, easy to hold. Can't be seen, unless it's cold
When I'm born I fly. When I'm alive I lay. When I'm dead I run.
Pirates put their booty in it.