How Scrappers Cash In On Gold From Your Old Computer | World Wide Waste | Business Insider

Want to see more of this trash? Have a question? Let us know! Send tips about surprising or innovative ways people deal with garbage to worldwidewaste@businessinsider.com/. Your message could inspire our next episode!

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.

If we really want to reduce e-waste we need to force companies to start making products that are repairable again instead of designing them to be thrown out and replaced.

This takes "one man's trash is another man's treasure" to the next level.

They went to old mines to harvest specific types of bacteria to help with their extraction process. How cool!

In the Netherlands there's a big problem called 'weeelabex' This means if you own a business then it's illegal if you dismantle electronics, with the exception if you get a very expensive and regulated licence. So allot of people sell it illegally overseas.. Talk about environmental friendly.

As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.

I am intrigued to know what happens to the 70% plastic that was shredded and turned into a pulp.

Old but literally gold.

That’s actually a really impressive facility Mint has there

Here's a rough idea/business plan for Mint: 1) Create a nonprofit arm focused on developing countries. 2) Open a new processing plant in Dehli, India. 3) Recruit and train the people currently working on electronic stripping into full, safety-regulated employment in the plant. (Unsure what the age labor laws are there, but there could also be a combination of school credit and money paid to kids working there.) 4) Repeat this process in other developing countries where we "outsource" electrical recycling. A plan like this can make a difference where "developed" have historically created problems by dumping such waste. Great video and cool companies!

I was in a high school program for kids who were getting into trouble a lot. Where we would have to tear apart old computers all day and sort the pieces into cardboard boxes I always wondered how much money they were making off us.

I did this for years from 1999 to 2006, but most of them I repurposed into homes that couldn't afford them... It was a hobby, and a learning experience.

The parts are so rare today that their value to people who want old computers is greater than the melt price. The supply IS limited and you can not find old computers anymore, that have large amounts of Gold in them.

That's awesome! Golden opportunity to turn waste into precious metals and these guys nail it!

0:39 That computer is worth more as is than the gold extracted from it - about $280 for collectors

“..family nicknamed it flash because it’s red, it’s electric and it buzzes around everywhere” is absolutely gold.

People may call me cheap but I hold onto my electronics until I absolutely can't do anything with them. I take pride in being cheap and not wanting to produce more e-waste. Some time back, there was a 60 minutes story about children in China picking apart hazardous e-waste for just a few dollars a day. The water was undrinkable in their village due to massive amounts of chemicals. That really broke my heart to see that. We wouldn't want that for our kids or anyone else's kids or anyone for that matter. Be proud , be cheap and do your part to reduce waste.

This is absolutely beautiful. We need more work like this being done in the world.

That gold bar is more beautiful than any gold jewellery I've ever seen 🤩