A conversation with Justin Scheck, who found that illegal Colombian gold transformed into legal North American gold through bureaucratic sleights of hand, and ended up in Canada.
Three reporters followed supply chains to reveal that the U.S. Mint buys gold that comes from foreign pawn shops and drug dealers, then claims it is from the United States.
The U.S. Mint is legally required to sell only legal, domestic gold. Instead, it is the last link in a chain that launders foreign gold for an insatiable market. Our reporter Justin Scheck traced one such supply chain: from an illegal mine in Colombia all the way to the Mintβs facilities in West Point, N.Y.