Is gold really worth it to buy ? In terms of the short term considering taxes and overall cost of upfront purchase then trying to resell when I actually need the liquidity, is physical or gold stocks more worth the cost ? Because it seems to be when people speak of gold their not being specific to the short term or Long term approach to justifying the purchase. Let me know your thoughts , thanks anyone
@Franklin-gq4si18 күн бұрын
Only worth it for your long long term investment, short term a guaranteed loss. It's all manipulated and so is Mike bias on gold because that's his business. Always keep that in perspective.
@CharlesArthur-fq5sx18 күн бұрын
For sure I thought so, it seems to be a good hedge against inflation in the long term, thanks for your feedback.
@williamDonaldson43218 күн бұрын
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
@foreverlaura-fq4eu18 күн бұрын
Wow, that's really impressive! I could definitely benefit from the guidance of an investment advisor since my portfolio has been stagnant lately. Would you be able to share the name of the advisor who's been guiding you?
@Bellaelena54918 күн бұрын
@@williamDonaldson432 That sounds promising. I've been hesitant to dive into gold because I'm not sure where to start.
@kyzersozay0075 ай бұрын
Love the fact massive companies quoted multi millions to build a road Local guy : give me a bulldozer mechanic fuel crate of beer n 20 Malborough 😂😂😂
@jeffdogmoe10617 ай бұрын
having lived in indonesia for two decades this story makes me weep. the reason western countries go there to mine and drill is the total lack of oversight and legislation to protect the environment. they will very quickly not only level the mountain but the effluvia will wash into the sea and destroy fisheries, corals, etc. all legal. s
@princethawani13512 ай бұрын
What is more precious fish and gold
@famtv251Ай бұрын
Yet you enjoy the device you typed this on as a result of this type of human ingenuity.
@SubvertTheStateАй бұрын
@@famtv251 There are lots of people who don't care to have cell phones. It's a requirement for most legally mandated and/or expected correspondence and data entry in order to work.
@michaelbellamy00728 күн бұрын
Iya, sedih benar.
@3613jeremy8 күн бұрын
The biggest issue with these countries is their leaders' lack of care to create or enforce any kinda land repair
@petergroeneveld65966 ай бұрын
The largest gold and copper project is in BC, Canada. The KSM project of Seabridge Gold is currently under development with all permits in hand. The company has just applied for the Substantially Started Status. Resources M&I plus INF = 154 Moz. of gold. DYOR
@Truthseeker371 Жыл бұрын
Papua Niu Guini. Because of the abundance of minerals, Indonesia will not let go of Irian Jaya. Coffee is also called kina gold in Papua Niu Guini.
@eddy671 Жыл бұрын
Papua's natural resource gold mines are excavated but the people's lives are still at a low level. This mine is also one of the big reasons why the snow at Jaya's peak is falling away. Finally a priceless natural beauty is disappearing. Who is greedy?
@olewetdog6254 Жыл бұрын
So true. I don't understand how they could allow something like this without making sure their own people benefit from it.
@mastercreamer1398 Жыл бұрын
Just about everyone is greedy it seems to me. Terrible world these days
@gwizzler Жыл бұрын
@@olewetdog6254 thats a question for the Indo government. You can be sure they got their cut. Where it went is the real question.
@makenocommento-kj4gq Жыл бұрын
@eddy671, what do you suggest instead?, It goes without saying that the workers deserve the best safety conditions and fair pay, do U believe the mine should stop?, Perhaps you can pay the wages instead
@secretagent86 Жыл бұрын
Lots of gold already in storage. We really don’t need more. Rip down a mountain poison the envrionment for what? Do put gold into another hole
@maozedung72709 ай бұрын
Grid and absolute madness thrives those destructive people
@mohamedhabib8460 Жыл бұрын
A very few Great Men - the Pioneers, the Voyagers & Explorers - did the initial Very Hard Work, and the followers enjoy the Benefits! Great story to tell the younger generation! Bravo!!!
@owenwilson25 Жыл бұрын
Jean Dozy died ashamed of the on-going ethic cleansing of West Papua and international looting that his 1936 survey lead to.
@nasseralmahrie47 Жыл бұрын
Richest country but poorest citizen 😢
@goodllookin172210 ай бұрын
Who fucking cares, 50 years ago plus
@leojanuszewski10195 ай бұрын
What did the citizenry do to develop the resource?
@davesmith3388 Жыл бұрын
This story and what was accomplished is amazing. I can relate to some of these accomplishments on a lesser scale as I single handedly built roads through mountainous areas which were considered impossible to drive any kind of equipment or vehicles through. The only thing to travel here were horses nearly 100 years prior. I sometimes wonder whether anyone will ever credit my name with the access roads I carved through the steep, rocky, treacherous and secluded wilderness areas in central Pennsylvania, USA. I usually worked with forestors to engineer road grades and drainage for forestry roads.
@CamiManuel Жыл бұрын
You are amazing ❤
@edwardwalsh4454 Жыл бұрын
ROAD CLEARERS DO treeMENdous WORK.
@cattnipp Жыл бұрын
are you an engineer?
@owenwilson25 Жыл бұрын
Except for on-going ethnic cleansing, mass murders, international looting, and rape of the indigenous Australian population who do not want the Freeport mine or Indonesian gunships and military occupation. The mine is NOT in Indonesia that is Asian, Papua is the northern section of the Australian continent some 3500km east of Java (Indonesia). West Papua is victim of illegal use of the UN Trusteeship system in what is infamously known as the "New York Agreement" to in-effect sell the indigenous Australian population and their homelands to their traditional enemy Indonesia/Java (Javanese have for past thousand years attempted to kidnap Papuans as a black slave commodity, but the Papuans kept beating them back. After creation of 'Indonesia' it demanded possession of West Papua, eastern Papua (now known as independent nation of PNG), northern Borneo, and East Timor.) Unfortunately the Dutch allowed Standard Oil buy a 60% holding in the exploration company that was tasked with exploring West Papua's mineral resources, a year later they discovered what they renamed as Ertsberg and Grasberg and in violation of the license concealed both the discovery and survey reports while John Rockefeller made plans how to get hold of the mountains without paying the Dutch or Papuans for converting their sacred mountains into a hole. Under the "New York Agreement" the US and UN appointed Indonesia as the "administrator" and in violation of the UN Charter for 61 years has turned its back while Indonesia and Freeport have been looting the colony. Sixty years of on-going mass murders, international looting, denial of media access, and on-going denial of rights.. West Papua is victim of the "New York Agreement" so WHY did Indonesia in 2005 forbid the US Senate passing that year's bill (sec.1115) asking questions about conditions inside West Papua and validity of the Indonesian claim of sovereignty over West Papua? The New York Agreement appointed Indonesia as the UN member to administrate and help West Papua towards independence, does the US not have a right and duty to ask about it?
@whereswaldo5740 Жыл бұрын
Thanx! I probably walked in one hunting. We had a camp in Potter County. Part of the Appalachian Trail passed very near there. Old French Joe. There were old railroad beds too. No tracks or ties. But there were fire roads. While driving for deer some places were so steep I had to hold onto the trees with one hand and a rifle in the other. Practically walking on one knee uphill and leg extended on the other.
@BullProspecting8 ай бұрын
I would loved to be the Prospecting Geologist on this project! Even tho I was 2! Lol I would loved spending the night in the Forest! The memories they made are absolutely amazing and what life is all about! God created a huge playground for all his children to play in. Some get caught up in the 9-5 lifestyle while others are Blessed with exploring this Great & Awesome playground!🙏
@DarynStorch-bg2hm8 ай бұрын
The minerals recovered will never cover the negative environmental and social impacts.
@neilreid90052 ай бұрын
Evidence please?
@princethawani13512 ай бұрын
Bullshit
@DiHandley24 күн бұрын
Without it we wouldn’t be reading your narrow minded opinions on the internet.
@ericb.4358 Жыл бұрын
Nevada, USA, has a hell of a lot of gold as well.
@ImYourBoogieManThatsWhoiAmАй бұрын
I’d bet the Grand Canyon is full of gold
@dennisgannon Жыл бұрын
Great story, great history, great discovery. Well done.
@owenwilson25 Жыл бұрын
The mine is NOT in Indonesia that is in Asian, Papua is the northern section of the Australian continent some 3500km east of Java (Indonesia). West Papua is victim of illegal use of the UN Trusteeship system a.k.a. the "New York Agreement" to in-effect sell the indigenous Australian population and their homelands to their traditional enemy Indonesia/Java (Javanese have for past thousand years attempted to kidnap Papuans as a black slave commodity, but the Papuans kept beating them back. After creation of 'Indonesia' it demanded possession of West Papua, eastern Papua (now known as independent nation of PNG), northern Borneo, and East Timor.) Unfortunately the Dutch in 1935 had allowed Standard Oil buy a 60% holding in the exploration company that was tasked with exploring West Papua's mineral resources, a year later they discovered what they renamed as Ertsberg and Grasberg and in violation of the license concealed both the discovery and survey reports while John Rockefeller made plans how to get hold of the mountains without paying the Dutch or Papuans for converting their sacred mountains into a hole. Under the "New York Agreement" the US and UN appointed Indonesia as the "administrator" and in violation of the UN Charter for 61 years has turned its back while Indonesia and Freeport have been looting the colony. Sixty years of on-going mass murders, international looting, denial of media access, and on-going denial of rights.. West Papua is victim of the "New York Agreement" so WHY did Indonesia in 2005 forbid the US Senate passing that year's bill (sec.1115) asking questions about conditions inside West Papua and validity of the Indonesian claim of sovereignty over West Papua? The New York Agreement appointed Indonesia as the UN member to administrate and help West Papua towards independence, does the US not have a right and duty to ask about it?
@grahamesmith1697 Жыл бұрын
I was there during my carrier with Goodyear...at this altitude I felt very poorly....An amazing mine though and a great experience.... our good friend Steve Arris was the tire manager there for a while... Grahame
@owenwilson25 Жыл бұрын
Would you care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide" ? ?
@RIZFERD4 ай бұрын
STFU western world is the truly evil, look at thousands of years history western world deeds around the world.
@user-qg6by9le2f Жыл бұрын
This is an engineering feat that hasn't been given close to enough press. There is a book about a crash in WW 2 in this area. The locals had barely ever seen a white person. Supposedly only one white person had ever been there before this crash. It was a near-stone age existence. It was a big operation to get them out. It was called A Crash into Shagri- La. Fantastic book.
@owenwilson25 Жыл бұрын
Across most of West Papua there had been stories since the 1860s of white people, but few could believe it until they saw them. Then unfortunately under the on-going occupation of the "New York Agreement" came the Indonesian military, they used US Mitchell bombers during the 1960s, these days its Apache and other helicopter gunships and this year Chinese drones designed to carry eight mortar bombs that can be dropped on the target (villagers).
@TheSilmarillian11 ай бұрын
Yep its the beginning of what where called cargo cults mana from the sky
@andrewthacker11411 ай бұрын
Fascinating history of the gold mining in that area. I presume it still operates today.
@megroslmegr750410 ай бұрын
Its still operating but Indonesian Gov now own big chunk of Freeport share there
@ArthurDentZaphodBeeb7 ай бұрын
An oldy but a goody documentary/puff piece. Grasberg has long-since gone underground rather than open-pit. Almost everyone mentioned in the piece is dead/retired.
@asikbanget504114 күн бұрын
The whole mountain is now gone, but the mine continues underground. There's still enough reserve until 2060, producing annually around 50 tons of gold and 600,000 tons of copper. The company's annual EBITDA is around 60-70%, makes it one of the most profitable companies in the world
@sosofun18409 ай бұрын
You have forgotten one significant variable. The massive copper mine in Panama is competing with the canall for water
@sbaumgartner9848 Жыл бұрын
Staggeringly complex and dangerous. Amazing.
@rodmoyo8285 Жыл бұрын
These 2 giant mines destroyed the natural habitat and sanctity of the place......😢
@wayupnorth942011 ай бұрын
Odd, I didn’t see the giant settling ponds near the ocean. Usually these are toxic dumps which in this case are most likely dumping into the ocean in an under-regulated environment.
@philipgrice1026 Жыл бұрын
The geophysical aspects of these discoveries and engineering feats are truly phenomenal. What is missing is the geopolitical history that preceded the development of these incredible mines and the wealth they have produced. Allan Dulles was the head of the CIA following the second world war. He was also an attorney for the Rockefellers. He learned of the gold and copper deposits as he was working for the family at the time Nelson Rockefeller's son 'disappeared' in the jungle. Dulles and the CIA were behind the coup that eventually displaced the Dutch colonies and put a CIA ally in power in what eventually became Irian Jaya The Dulles and CIA involvement also has a connection to the assassination of JFK, as was politically supporting Sukarno who held power in what had been the Dutch East Indies while being undermined in secret by Allan Dulles and the CIA who actively, but covertly, supported General Suharto who gained power in a coup following JFK's death. Dulles needed JFK not to support Sukarno while he, Dulles, was committed to using the CIA to put Suharto in power behind his back. There was more than just the mutual hatred between JFK and Dulles and the CIA after the Castro debacle to underwrite the assassination. There was the huge amount of gold to be extracted with Dulles help by US control of General Suharto.
@kryptovista3648 Жыл бұрын
Great background info! Thanks!
@TheSopheom Жыл бұрын
I've long heard of the "disappearance" but never the backstory. I should have known it wasn't a random retreat to the wilderness.
@laurencemcguigan2225 Жыл бұрын
Calm down jason bourne
@TheSopheom Жыл бұрын
@@laurencemcguigan2225 lolllll, funny
@shubhammohnani8137 Жыл бұрын
How can i contact you. any instagram or fb ?
@kenneybis1097 Жыл бұрын
600,000 tons, 1 gram of gold per ton, 28 grams per ounce so over 20,000 ounces at $1,700 per oz, looks like around $35 million per day just off gold. Amazing find indeed
@TriviaWonderland Жыл бұрын
and the rest. Goodman for thinking.
@kenneybis1097 Жыл бұрын
@@TriviaWonderland Someone has to
@owenwilson25 Жыл бұрын
Now you know why Indonesia assassinated UN Secretary General Dag Hammarskjod, but do you understand why the US and Soviets help conceal the act? Would you care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide" ? ? Westt Papua is UN trust territory that the UN is still concealing from the agenda of the UN Trusteeship Council so the Council can not begin its legal duties under articles 85 part 2, 87 and 88 of the UN Charter.
@jamielee935011 ай бұрын
Don't forget it has infrastructure and running costs of $22 million per day... That leaves gross profit of $13 million per day , less taxes = $9 million per day X 7 = $63 million per week X 52 = $ 3,276 million per annum . NOT A BAD PAY DAY ... Wish it was mine ... (No pun intended) 🤣🤣🤣
@lucienvandegaart361110 ай бұрын
Aboriginies Always get burned by white europeans greed. Zeems to of spread like a fatal disease World wide
@2gazbo3 ай бұрын
Background music(?) is crap and makes it hard to hear. Documentaries do not require background music, it detracts from the narrative, it is basically noise when trying to hear the narrator.
@MECKATRON9 ай бұрын
New Guinea politically divided to fight against the other half of itself. While being robbed blind. These natives didn't realized how rich they were. USA & EUROPEAN COUNTRIES...
@neilreid90052 ай бұрын
A jaw dropping story. Never heard this one before. Absolutely incredible what determined people can achieve.
@jackthelad1511 ай бұрын
The worlds most valuable commodity is CONTENTMENT and PEACE OF MIND for no money nor precious metal can buy it...❤❤
@davidmurphy61917 күн бұрын
Delbert Light was an Exxon explorer with a fleet of planes trains trucks and helicopters at his disposal. He had retired and owned Winslow Exxon Gas Station . I had the rare privilege to spend a couple weeks with him in a VA Hospital in mining capitol Prescott Arizona . Boy did I learn a lot .
@christianhohrhan5723 Жыл бұрын
Fascinating documentary . Everything seems so sucessful and clean ... no pollution , toxic waste or harming natives and nature . An ideal example for the whole mining industry at that time ...☺😇
@owenwilson25 Жыл бұрын
Would you care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , and how about the New York Times article "Below a Mountain of Wealth, a River of Waste" ? ? Or do a KZfaq search for West Papua War..
@jeanmarcleplattenier276210 ай бұрын
sarcasm?
@flouisbailey7 ай бұрын
@@owenwilson25 Thanks for your research. Mining always causes holes 🕳 see EV mining to save planet. Sarcastic as comments usually are.
@SubvertTheStateАй бұрын
@@owenwilson25 Youd have to be naive to think there was anything clean about the mining and ore refining process. Mercury and arsenic are the most widely used chemicals used to bind precious metals and extract them from crushed ore. Nobody is going to carefully collect and dispose of that stuff if they can get away with dumping it.
@21gioni9 ай бұрын
I worked for the company who built the conveyors that brings the gold and copper out to transport.
@bobmitchell80126 ай бұрын
Haven’t they ever heard of Kalgoorlie in Western Australia.......one of many rich Gold deposits in Australia, and the 2 Biggest Nuggets Ever found, in Victoria Australia.
@21gioni6 ай бұрын
@@bobmitchell8012The mines in this video are the largest in the world. The top of the mountain is almost solid gold.
@Zubadubank-ne3hm5 ай бұрын
I WANT TO BUILD A Gold Mining Company I know a secret site
@21gioni5 ай бұрын
@@Zubadubank-ne3hm I have the engineers who can design your operations. They don’t come cheap, they are professional engineers who designed Aluminium Smelting Plant in Canada.
@geemail19785 ай бұрын
And what is your point? Is it just Bragging?
@DanoJan-mw3pd Жыл бұрын
so what impact did this huge hole have on the environment of the area?
@owenwilson25 Жыл бұрын
Birth rate plummeted (due to copper in the water), massive mercury poisoning levels among the indigenous population (panning the Freeport wash as it flows downriver) as they try to survive among the Indonesians and other foreigners who've colonised their homelands, HIV/AIDS became rampant due to TNI transferring all of Indonesia's infected prostitutes (after sex with Thail fishermen) to Papua; all the classic colonial abuse you'd expect.
@RR-.- Жыл бұрын
Free West Papua
@user-wp1pl5je2u Жыл бұрын
@@owenwilson25 Absolutely...a more one sided doc I have seldom seen. Pure agit prop
@thomaswarchol53219 ай бұрын
It’s just another beautiful place to be wrecked by man’s greed
@hagnier14 Жыл бұрын
Some of my friend who's a geology student in Indonesia just finished their internship there. They're amazed by the size of the mining pit. It's also one of my dream to work there as a geologist.
@owenwilson25 Жыл бұрын
Would you care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide" ? ?
@hagnier14 Жыл бұрын
@@owenwilson25 I'm aware of this issue, but your reply seems unrelated to my comments on this video. So, if you'd like to find another place to start a discussion on the topic, I'd be happy to 😃
@owenwilson258 ай бұрын
@@hagnier14 Don't cry, I'm not forcing you to have morals, just ensuring you're aware of the issues.
@Bob_Adkins6 ай бұрын
@@owenwilson25 Google "Small-minded soy boys that fear everything and are jealous of real men that do real work so you can have your i-Phone". Following your rules, we would still be in the stone age.
@D_o_A Жыл бұрын
Honestly, how could anyone chalk this up as progress? It's a shame the locals weren't hungry.
@owenwilson25 Жыл бұрын
HUngry? Not ever during the 70,000 years of West Papuan farming and habitation of Papua, until Standard Oil found out about the Amungme's gold, and NOTHING was going to stop the Cold-war banker architect Robert Lovett and his Freeport mining company getting access to the Papuan lands the Dutch were trying to protect.. The video is propaganda to conceal the on-going ethnic cleansing & international looting (BP, Koreans, China and others have joined Freeport's looting), please Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide". Or search KZfaq for 'West Papua War' for efforts to get some public attention to what your companies and international friend Indonesia are doing in the Australian continental island of Papua.
@colonelfustercluck4867 ай бұрын
why you want hungry locals?
@johnj48607 ай бұрын
If they'd been eating the miners the weapons technology mismatch would have been demonstrated
@paulrivers7248 Жыл бұрын
36:30 what they didn't mention is they had to replace the breaks on every truck no less than once a week I was one of the drivers from 89 to 94 I loved that job but it was scary tho us drivers named the rd the rd from hell but I was making 18k each month and that was great great money back then I saved it and started my own company called earth movers I'm still working everyday lol
@owenwilson25 Жыл бұрын
traitor.
@barbaravogtmann96217 ай бұрын
You picture says “Biggest Gold Mine” yet , your heading says Biggest Gold Reserve , so , which is it ?
@tonygeorgegunua9841 Жыл бұрын
The mining company did not give anything back to the people who own the land and the minerals, where has all the benefits gone.
@pedal-ninja Жыл бұрын
true. and don't forget the level of corruption among government officials
@Khalrua Жыл бұрын
I love Jay Pennington!
@jamielee935011 ай бұрын
Without the legendary "Ilyas Hamid" , non of this would ever have happened.
@neeteshjaylal12576 ай бұрын
Did the country where the mines are situated. Build its own smelter, so the it can crate value for its economy or just remain a supplier of raw material?
@markhaseley3304 Жыл бұрын
The second time watching this amazing feat. Still incredible!
@RR-.- Жыл бұрын
Free West Papua
@owenwilson25 Жыл бұрын
Would you care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide" ? ? Or the New York Times article, "Below a mountain of gold, a river of waste"
@andylane7142 Жыл бұрын
This made me feel quite sick. The only shout out the locals got was that they might be cannibals without even doing them the decency of providing evidence. Nothing about how this likely ruined their home, changed their lives forever and broke up their way of life that probably hadn’t changed much in centuries. Some idiot got rich though. Whoop Whoop. FFS.
@chaseblood1618 Жыл бұрын
You sure added a lot of baseless context there. 🙄
@TheBSDetector99 Жыл бұрын
@@chaseblood1618 they are still killing the locals. I'm with Andy. The Indos and the Americans are in it together- sickening
@user-wp1pl5je2u Жыл бұрын
@@chaseblood1618 "Baseless"? Do you know ANYTHING AT ALL about the damage these huge mining projects do to the indigeneous people and the environment? Didn't think so.........not because the information on the true cost of these metals is not out there, but because YOU don't want to face it.
@Bob_Adkins6 ай бұрын
@@user-wp1pl5je2u You wear a COVID mask inside your car alone, don't you?
@patdriver569626 күн бұрын
Amazing lesson.
@pauljelismoesman9563 Жыл бұрын
Suez canal comes to mind..
@hswing117 ай бұрын
GREAT WELL DONE EXTREMELY INFORMATIVE THANK YOU
@donaldmaurer3505 Жыл бұрын
I don't think the ore was anywhere near as rich, it was mostly copper. But the total amount of gold might have been larger, in the gold deposit that Anaconda planned to mine sixty years ago in Lewis and Clark county, Montana. After people found out the mine would have produced an open pit twenty miles wide, that idea got shut down fast. The copper, gold, and zinc are still there, but getting the metal out would ruin the area, and no mine was ever opened there. You'll notice that most big mines are located a long way from any areas that would be wrecked by the mining. Nobody is allowed to strip mine coal in the U.S. without restoring the mined property to the vegetation that was there originally.
@owenwilson25 Жыл бұрын
Geologists have assured me there would have been several US$billion in gold on the surface when Bechtel bulldozed the area for Freeport, unfortunately it is impossible to know how much gold has been removed as it does not need to be sold in a market like copper does, and due to the infamous connections of Bechtel & Freeport with all of the former and current CIA directors there's no way of know what uses this undocumnted supply of gold has been used for.
@TheSilmarillian11 ай бұрын
Same here downunder opal miner here and where I live banned open cuts about 40yrs ago they end up as very large holes that are never remediated
@TheSilmarillian11 ай бұрын
@@owenwilson25 Valid point indeed
@lucienvandegaart361110 ай бұрын
Would take hundreds of years
@jeanmarcleplattenier276210 ай бұрын
How many mines were restored to original conditions? Very rare. I have seen numerous open pit mines which are not restored. Huge piles of slag and overburden are the result.
@michaelsadventures4261 Жыл бұрын
Greetings from somewhere close to Fort Knox, Kentucky U.S.A.
@DiHandley24 күн бұрын
Here, hold my beer! What a guy!
@SideWalkAstronomyNetherlands9 ай бұрын
How sad, destroying a mountain, the forest, a culture, for a stupid metal... Idiotic greed..
@portagepete16 ай бұрын
Are they finding gold fast enough to match the new money printed?
@johnl5316 Жыл бұрын
Key West in the Florida Keys was once a 10,000 foot mountain of gold until it was all mined leaving a low lying island
@owenwilson25 Жыл бұрын
But at least those were 'Americans' mining America, not a foreign military invasion from Asia 3500km away from the Australian island and indigenous peoples of Papua. The authors of the 'New York Agreement' were criminals, and the on-going international looting stunning.
@yankeehillraymie12965 ай бұрын
Its like mining the top of everest ❤
@RBNOYPIVLOGS9 ай бұрын
i remember sir.john morton 1 of the genious geologies..i know
@buzzinsmaug664 Жыл бұрын
P LEASE LOOK A C.F.GET THE WORKERS AND PAY THEM A DECENT WAGE AND TAKE CARE OF THEIR HEALTH ... THE WORLD 🌎IS MONITORING YOU !!!
@aflah8890 Жыл бұрын
I never expected the world largest gold mine located in Indonesia. May the use of natural resources put in good use for the nation and the local people of Papua
@Chris_at_Home Жыл бұрын
It is pretty amazing. I did 2 120 day work visas there in 93-94 doing network installation and turn up working with the Indonesians. We worked from the port site to the mine and even did some underground work.
@RK-cj4oc Жыл бұрын
@@Chris_at_HomeAny advice for starting work as a starter in one of these mines?
@BiboNassim Жыл бұрын
You must be joking.
@linmal2242 Жыл бұрын
The evil Indonesians have repressed the native West Papuans for decades for their riches. The Kopassus (Indonesian Special Forces) are currently killing West Papuan freedom fighters who are fighting for Independence. West Papua and Papua New Guinea should become one country! Australia, NZ, UK and the USA should support their Independence and union because Indonesia could easily become the Iran of South East Asia!
@southernsmoke8391 Жыл бұрын
A white built that infrastructure a long time ago. Indonesia gets its cut but the white man, as usual, get the larger, unfair cut.
@alistairmills7608 Жыл бұрын
And they poisoned and destroyed a river system and impoverished 10,000 locals who lived on the river.
@ldkbudda4176 Жыл бұрын
What about eating some people from another tribe? How you call it then, mister rightcheous? ;)
@mastercreamer1398 Жыл бұрын
Same old story unfortunately. Anything for money
@hamletgiragosian6147 Жыл бұрын
…so that you could have the copper in the thing you used to make your comment.
@darrenstrathdee7425 Жыл бұрын
@@hamletgiragosian6147his pigeon died or else it would’ve been a note.
@Hairil. Жыл бұрын
Qaas
@princethawani13512 ай бұрын
20 years to build, costing over 3 billion dollars. That can easily tell you how huge is this mine Its obvious that ROI is so huge
@toxyz94906 ай бұрын
Uzbekistans old name was Oltin Orda, means golden land, it holds 90% of all gold of earth , Russia takes 4000 ton gold every year from Uzbekistan
@MarkVickers-xq9si6 ай бұрын
Man ! Even when I was in my 20s , in excellent physical shape, I knew I couldn't take high heat ++ humidity . Last 25 + years, people in the west call this Rain Forrest. That's a cuddly name for a JUNGLE, with Really nasty insects, snakes, funguses , all the while trying to get enough oxygen. Even a very hot desert is better . Or nasty cold . Growing up, Rain Forrest was temperate range areas , such as the U.S. states of Washington and Oregon , with heavy rainfall & heavy green growth, but tolerable temperatures . Real JUNGLE : you can Have it !
@yankeehillraymie12965 ай бұрын
Ill build that Road with One Skidsteer. ❤
@keangwooichoo6138 Жыл бұрын
The forest and nature suffered as much as the workers
@owenwilson25 Жыл бұрын
And the indigenous population suffering the US / Indonesian occupation, care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide" ? ?
@kevincrain74995 ай бұрын
I wonder in such a feat if there was a calculation of lives that would be lost , compared to actual lives lost in extracting all the valuable metals.
@raheemabdul1066 Жыл бұрын
51:01 K2 mountain climb.
@raheemabdul1066 Жыл бұрын
also Denali
@mikeperr870111 ай бұрын
Amazing! Amazing place amazing people!
@terryzanger7152 Жыл бұрын
I hope sufficient dollars are set aside to cover the reclamation. Often these big companies sell out once the end is near, taking away the profits and leaving some nothing company to hold the bag. Once bankrupt it falls to the locals to pay for
@runethorsen8423 Жыл бұрын
The countries should simply look at the passport - if they are American they are here to exploit. Don't let them in.
@juandilasagofficial11 ай бұрын
What I'm worried is when they found that the earth core is a solid good what they do
@einolehto-eg1gc11 ай бұрын
Kultahankkeet on tehnyt Ihmiset ahneiksi.onneksi ei uusiutuva.aina voidaan kertoa tarinoita .
@carlajordon454010 ай бұрын
After they did the Earth core, WHAT will happen ,AFTER THIS TO THE EARTH BIT BY BIT,,,or what did they let out ANYTHING,,it a reason God had it there where it was hard to get to,,,,The continent is rich in many things,, some should NOT BE TOUCH,, I PRAY NOTHING WAS EVIL WAS LET GO FROM THAT MOUNTAIN,, SOME THING SHOULD NOT BE TOUCH,,,and I belived this was one,
@babakgholian3467 Жыл бұрын
No amount of gold is worth of destroying our mother earth and the nature .
@garydavo07 Жыл бұрын
On What are you watching this documentary ?
@southernsmoke8391 Жыл бұрын
Nuclear weapons don’t exist bc of gold.
@Tony-ft4jp Жыл бұрын
Tell that to.Ameruca causing wars all over the world.with 800 military bases and 350 bio labs?.and your worried about mining
@smokeysmith1282 Жыл бұрын
Disagree. As stewards of nature, wise use of nature’s resources is the most important factor. Unfortunately greed takes over for so many and destruction then follows.
@D_o_A Жыл бұрын
@smokey smith The visible effects of this on the land seem to nullify any justification that this as wise or undestructive. Not to mention, greed and destruction were a consistent theme from the beginning and reminisced with a smile several times throughout this film. It gives me the chills justifying a few thousand jobs for slave assembled electronic components and decades of extracted resources from a pristine ecosystem in a developing nation, but just disagree anyways for no reason.
@paulrivers7248 Жыл бұрын
Great documentary at night I look for stuff like this to help me unwind after a long day and this one relaxed me so I can sleep lol
@owenwilson25 Жыл бұрын
Its political propaganda paid for by Indonesia. Would you care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide" ? ?
@jamesgoode924610 ай бұрын
Why is the volume of this video SO LOW ???
@DavidPereira-wf8uo10 ай бұрын
If everybody living here is part of the 1% I give this country and mine endorsement
@user-wh1he8hf1l10 ай бұрын
Greed is progress Greed is growth Greed is every thing Why does sacrifice in small thing when your able to get the universe in your hand
@traianliviudanciu86657 ай бұрын
Greed can be evil
@asmebro3949Ай бұрын
Indigenious people do not have a place any longer.
@_WatsoBrii94_10 ай бұрын
lol to think they host national hard enduro races here and ride all throughout the mine and surrounding jungle
@MrJackwork11 ай бұрын
I did some work on a home belonging to one of the owners of that mine. Opulent beyond description.
@Jerry-vx2hq8 ай бұрын
The Illuminati for sure.
@mannycontreras5266 Жыл бұрын
WAS THIS Indonesian hero who build the dangerous road giving at least a fat compensation for his heroic triumph??
@owenwilson25 Жыл бұрын
Indonesian hero??!! Care to Google the Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide". Or search KZfaq for 'West Papua War' or 'Bombing Paradise' ? ?
@mannycontreras5266 Жыл бұрын
@@owenwilson25 I see that I spark a fire. To start I'm sorry I don't know Indonesias past or present difficulties, CHILD labor mishaves and so on. My only two cents were based on a video I saw on KZfaq regarding a wealthy company finding 1 or 2 spots were millions of gold, copper Orr were found. And we're this Indonesian man build an impossible road.
@owenwilson2511 ай бұрын
@@mannycontreras5266 What the video omits is that West Papua is legally not part of Indonesia, not even part of Asia, it is some 3500km east of Java (Indonesia) because Papua is the northern 10% of the Australian continental land mass. That's why Papua has kangaroos, echidna, cassowaries, etc. and why Papuans look like Australian aboriginals because they are the same race whose ancestors settled Papua and all of the southern continent some fifty to seventy thousand years ago. Indonesia and Freeport are looting West Papua, they made multiple invasions during the 1950s each of which failed, in Dec' 1961 Indonesia launched Operation Trikora invasion which again failed as Papuans arrested the Indonesians, but earlier in Sep' 1961 the UN Secretary General was killed and replaced by Indonesia's buddy U Thant mostly because two days before Dag Hammarskjold was killed Indonesia announced it was refusing to accept the role as President of the 1961 General Assembly and thereby forcing the popular Mongi Slim of Tunisia to be President and thereby unable to be nominated as Secretary General when news came 36 hours later that Hammarskjold was dead. U Thant pressed the Americans to get the Dutch to sign what is now known as the 'New York Agreement' in which they are asking the UN General Assembly to annex West Papua and appoint Indonesia as administrator of the colony. - Unfortunately our governments in article 81 and 85 of the UN Charter granted themselves the option to authorise UN annexations irrespective of local objections. Although article 85 part 2 requires that such action be reported to the UN Trusteeship Council so the Council can begin making its yearly UN reports about victims of UN annexations, U Thant decided not to tell the Council about West Papua... And so for the past 61 years Indonesia and others have enjoyed their freedom to kill and loot West Papuan people at will. THAT is the reason any 'Indonesian' building any road or other colonial looting asset in Papua is a international criminal, not a "hero"
@user-jx1mc7du8v10 ай бұрын
I know of a deposit much bigger than this one. You want the gps co-ords for it ?
@user-jx1mc7du8v10 ай бұрын
( best to view it on google earth then research it )
@mitchellhawkes228 ай бұрын
Oh, the lives that were lost to build a gold mine.... I think the better New Guinea story is the small, scrappy Aussie military force that faced down the Imperial Japanese Army in the same highland of New Guinea 80 years ago in WW2. Against all odds, they repelled an enemy trying to smash the Australian Nation.
@colonelfustercluck4867 ай бұрын
yeah,. but they were slightly to the east in WW2. The mine in this video is in Indonesia, previously Dutch New Guinea territory in WW2 (west side of the island). The Aussies did their WW2 New Guinea campaign in Papua New Guinea( east side). The mining business continues today on both sides of the border, in the highlands... and all over the place. Same with Oil and Gas... there are operators from all over the world, in various areas. And definately all over PNG
@luislozada6445 Жыл бұрын
What about the paycheck for those truck driver ?🤔
@solmillin7 ай бұрын
Briliant!
@kalmurphy52545 ай бұрын
I hope he got rich for his work
@ryanhudson3807 Жыл бұрын
A marvel of man's determination.
@southernsmoke8391 Жыл бұрын
Or the level of man’s greed.
@kirilmihaylov1934 Жыл бұрын
@@southernsmoke8391 right
@robmarshall956 Жыл бұрын
@@southernsmoke8391 is greed a skin colour issue for you ?
@ldkbudda4176 Жыл бұрын
@@southernsmoke8391 What about eating some people from another tribe? How you call it then, mister rightcheous? ;)
@icosthop9998 Жыл бұрын
@@robmarshall956 no answer
@georgeroybooth3335 Жыл бұрын
Is there anywhere on this planet that we haven’t trashed ?
@davidshort7750 Жыл бұрын
Incredible story all right. About Greed.
@lionelk.17396 ай бұрын
I agree it is about greed. I want to know. Who gets the money?
@harrydebastardeharris987Ай бұрын
What they probably don’t tell you is the enviromental damage this mine caused,the killing of local people,refusal to give jobs to locals, ruination of all the local river and jungles.Was it worth it to make a handful of people Super Rich.
@davidking4779 Жыл бұрын
I have a lot of respect for men that are willing to work so hard and risk so much to attain their goal.
@owenwilson25 Жыл бұрын
To loot people at gun-point? What kind of person admires looting and greed driven ethnic cleansing of the indigenous population? The Indonesian military has flown 3500km to invade West Papua, the invasion in 1961/1962 was about the ninth and like each of the others the Papuans arrested the Indonesian invasion force but in September 1961 the UN Secretary General had been killed and with Indonesia's help Indonesia's buddy U Thant became the new UN Secretary General who pressed Kennedy to help Indonesia force the Dutch to sign the 'New York Agreement' to authorise UN annexation and appointing Indonesia as a colonial administrator for the past 61 years. Sure you help Ukraine, because they're white, but when an Axis Islamic power like Indonesia flies 3500km to invade our Pacific War allies in Papua, what did you government do?
@nolanconnelly68217 ай бұрын
Can someone say something about the gold and oil in Haiti?
@buzz385 Жыл бұрын
They got the right contractor in Bechtel.
@Adroit1911 Жыл бұрын
I played pool with a pilot for that company. Really nice dude.
@owenwilson25 Жыл бұрын
Bechtel king of every filthy scheme from privatizing South America's water to looting Papuan gold at Indonesian gun point and between.
@ristube331910 ай бұрын
16:22 No airport eh?
@slc801 Жыл бұрын
What has the native gain from the largest gold mine deposit ? Nothing !!
@owenwilson25 Жыл бұрын
Indonesian invasion, which the Papuans arrested but Papuans are not white like Ukrainians so the UN supported Indonesia, pressed the US to force the Dutch to sign the 'New York Agreement' so the new UN Secretary General could then blackmail the other UN members at General Assembly plenary meeting 1127 to authorise the UN invasion that released the Indonesian soldiers who began selecting goods to transport 3500km back to Java to sell. Then the 'fun' began as the UN officially appointed Indonesia as the new colonial master for the past sixty years. Numerous reports about the ethnic cleansing, trying to convert the Papuans to Islam and gratitude for the ongoing Indonesian occupation. e.g. Yale Law School title "Indonesian Human Rights Abuses in West Papua: Application of the Law of Genocide to the History of Indonesian Control" , or the Asian Human Rights title "Neglected Genocide"
@jonathanstein605611 ай бұрын
Who cares.
@colonelfustercluck4867 ай бұрын
during the video there was a part about locals who were employed as dump truck drivers, being paid the big boys money. So I guess good employment opportunities is a big plus.
@JaniferCadungog-cu9nx5 ай бұрын
The natives are true Hebrew Shemite bloodline of Joktan.
@user-hu3rn3kc1x5 ай бұрын
So what ? What's your point? Just winning?
@robertmiller2173 Жыл бұрын
I'd go for Liebherr or Cat any day over Komatsu..... although all three are great "Heavy's"
@kafenaded8 ай бұрын
bro who is recording this!
@mightymoyan4788 Жыл бұрын
You need to find platinum cave........it is very close but we had no gear
@DanielSmith-lv5ed2 ай бұрын
Sorry, just made it back from mining a creek, i thought i heard drumming all dang day
@stevenjohns-savage70247 ай бұрын
Well done guys 👍😊
@davidmurphy61917 күн бұрын
Mom was a reporter for the Prescott Courier . 1966 Navajo Code was declassified. Jim Garner handed her an envelope and said go find this white guy on the res developed the Code . Well she tracked down the Crocodile Dundee of the Navajo Reservation and got the story ... She got the man too.. she married him 1967. This man was involved with tons of silver and gold movement to the citizens of the United States .. He was also a blackjack dealer in Vegas for awhile . But mostly walkabout ...four corners ... Read my blog below ..
@naveedspicher Жыл бұрын
There is place hidden it’s worlds biggest gold reserve!