New York Times: The US Mint Buys Drug Cartel Gold

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When we first approached the Mint, a spokesman said that its gold came entirely from the United States, as the law requires. After we shared our findings, the Mint said the U.S. was its "primary" source and said it was taking steps to better track its gold.

Treasury Secretary Scott Bessent, whose department oversees the Mint, said he would investigate the gold procurement practices.

"This review is focused on ensuring that the U.S. Mint's gold suppliers comply with the law and strictly satisfy their obligations, and that the Mint takes every step possible to continue to vigorously safeguard our national security and uphold market integrity," he said in a written statement.