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U.S. Mint Buys Drug Cartel Gold and Sells It as 'American'

https://www.nytimes.com/by/justin-scheck· ·5 min read · 0 reactions · 0 comments · 10 views
U.S. Mint Buys Drug Cartel Gold and Sells It as 'American'

As prices for the precious metal soar, the industry’s guardrails have broken down.

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Nytimes · https://www.nytimes.com/by/justin-scheck
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You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.This gold comes from a Colombian drug cartel mine. It should never end up at the U.S. Mint.But it does.The mine poisons the workers. The gold underwrites terrorism and cocaine trafficking.But how do you stop illegal gold at $5,000 an ounce, when even the U.S. government is buying?Supported bySKIP ADVERTISEMENTTimes InvestigationU.S. Mint Buys Drug Cartel Gold and Sells It as ‘American’Every year, the United States Mint sells more than $1 billion of investment-grade gold coins.

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