The Six Billion Dollar Gold Scam 1. The fall
May 19, 2024
Geologist Michael de Guzman's mysterious fall from a helicopter in the Indonesian jungle sparks wild speculations. The significant gold discovery at Busang site and the rise of Brix Minerals in Jakarta create a gold fever among investors. The podcast delves into the lavish lifestyles, business negotiations, and doubts surrounding the monumental gold discovery.
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De Guzman's Fall
- Michael de Guzman, a Bre-X geologist, was found dead after falling from a helicopter.
- This event followed a massive gold discovery in Indonesia, raising suspicions.
The Expat Life
- During the Indonesian mining boom, prospectors spent lavishly, exploiting the country's resources.
- Michael de Guzman enjoyed this lifestyle, known for partying and womanizing.
De Guzman's Personality
- De Guzman was a complex character: a perfectionist geologist obsessed with finding gold.
- He was known as a tyrant by junior geologists but also as a party animal.