NYT Investigation Reveals Cartel Gold in US Mint Supply Chain
A New York Times investigation has uncovered that the US Mint's gold supply chain includes gold sourced from foreign entities, including Colombian drug cartels and Congolese mines partially owned by the Chinese Government. This revelation contradicts the Mint's claim that its gold is sourced entirely from the United States, as required by law. The investigation highlights that the Mint's gold sale program, which sells over $1 billion in investment-grade coins annually, is based on incorrect information. The US Treasury is now investigating the Mint's procurement practices to ensure compliance with legal standards, as the current sourcing practices may violate US law.