The U.S. Mint is involved in a chain that launders foreign gold for the market, despite being required to sell only legal, domestic gold. Reporter Justin Scheck traced the supply chain from an illegal mine in Colombia to the Mint’s facilities in West Point, N.Y.
Why It Matters
This story sheds light on the illegal activities that occur in the gold supply chain, revealing how foreign gold ends up at the U.S. Mint. It raises questions about the effectiveness of regulations and enforcement in preventing the laundering of illegal gold and the impact this may have on the global gold market.
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