United States Mint sourced non-American gold for decades, misled customers and auditors – Treasury investigation

From kitco.com

For decades, the United States Mint did not obtain, nor even request, any documentation confirming the origins of the gold they sourced from suppliers and refiners, all while promoting their most popular coins as minted from 100% newly-mined American gold, according to a recent report from the U.S. Treasury’s investigatory and auditing office. The Treasury Department’s Office of the Inspector General (OIG) published the audit report OIG-24-027 on May 29, 2024. The report, entitled ‘Bill and Coin Manufacturing: The Mint Needs to Enhance Controls over Gold Acquisitions,’ was the result of nearly a year of ... (full story)