illicit gold

US Mint Gold Linked to Colombian Crime Networks

It’s quite a story unfolding regarding the US Mint’s gold supply, as reported by The New York Times. The core of the revelation is that a significant portion of the gold finding its way into the US Mint’s reserves, specifically for investor-grade coins which by law should be sourced domestically, has been traced back to Colombia and, in some instances, even Venezuela. This isn’t just a matter of where gold comes from; it’s about the murky and often criminal pathways it travels before reaching official channels. The implication is that the meticulously regulated world of precious metals, especially that which underpins investor confidence, has had its integrity compromised by illicit activities.… Continue reading