US Mint Under Scrutiny for Sourcing Gold Tied to Drug Cartels

From thedeepdive.ca

A bombshell investigation has revealed that gold used by the US Mint, responsible for producing investor-grade coins, is tied to criminal networks in Colombia. Roughly $1.5 billion of Colombia’s $4.1 billion in gold exports landed in the US in 2024, making it the largest destination for the country’s gold trade. The probe uncovered a murky supply chain where illegally mined gold, often controlled by armed groups and drug cartels in Colombia, is laundered through intermediaries. This gold is then exported with falsified paperwork, allowing it to infiltrate legitimate global markets, including those feeding into ... (full story)