The gold industry's separation of legal and illegal gold is a convenient fiction, with Wall Street and governments profiting from gold linked to criminals, gangs, and child exploitation.
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01Summary
- 01The line between dirty and clean gold is described as an industry fiction.
- 02Wall Street and governments are said to profit from gold linked to criminals and gangsters.
- 03The gold trade involves exploitation of children, according to the report.
- 04The story covers how a trillion-dollar industry launders illegal gold.
- 05Illegal gold is laundered into the global supply chain with the complicity of financial institutions.
02Why it matters
This matters because the gold you buy may be funding criminal networks and child labour, and the financial system is enabling the flow of dirty gold, which undermines efforts to combat organised crime and human rights abuses.
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