President Trump IS about MAKING MONEY…
The US Mint under his admin collects gold from some very bad places and sells it regardless….
Seems the Democrats President’s have also been in violation of the Congress Law against this in the past…
Every year, the United States Mint sells more than $1 billion of investment-grade gold coins. Each is stamped with an icon like the bald eagle, signifying the government’s guarantee, required by law, that the gold is 100 percent American.
“To hold a coin or medal produced by the Mint is to connect to the founding principles of our nation,” the Mint declares.
But a New York Times investigation has found that the government’s program of gold sales is based on a lie. The Mint is actually the last link in a chain that launders foreign gold, much of it illegally mined, for an insatiable market.
The Mint buys gold that originates in a Colombian drug cartel mine. It makes Lady Liberty coins out of gold from Mexican and Peruvian pawn shops and from a Congolese mine that is part-owned by the Chinese government, records show. Some Mint gold has come from a company in Honduras that dug up an Indigenous graveyard for the ore underneath.
Congress in 1985 prohibited the Mint from making bullion out of foreign gold because it wanted to insulate the process from human rights abuses, primarily in apartheid South Africa. The Mint has flouted that law, across Democratic and Republican administrations, despite internal warnings….
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The Mint, the biggest name in the global market for investment gold coins, is an example of how the industry’s guardrails have collapsed. Gold prices hover around $5,000 an ounce, about four times the price of a decade ago. That gives criminal organizations and fly-by-night operators a huge incentive to mine in wasteful, destructive and risky ways.
Investors buy gold as a hedge against instability. Nearly every terrorist attack, war and financial meltdown in the past quarter-century has fueled a gold-buying frenzy.
But as prices climb ever higher, wealthy buyers are actually helping to create the very instability they are trying to hedge against…
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The Biden administration responded in 2024, saying it was just months away from publishing new plans for investigating gold sources.
It never did.
A Treasury spokeswoman said that the Trump administration was already taking steps to identify its gold sources. It has not cut off foreign gold; doing so, she said, would make it impossible to meet demand. But the government monitors its purchases.
The Mint still has not released its gold-tracking policy….
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