Drug lords make billions smuggling gold to Miami for jewelry and phones

“Much of that gold comes from outlaw mines deep in the jungle where dangerous chemicals are poisoning rainforests and laborers who toil for scraps of metal, according to human rights watchdogs and industry executives.  In comparison, the U.S. gold supply, mostly mined in Nevada and Alaska, offers stiff competition and regulations. Big companies control the big mines. Smaller companies looking to deal in U.S. gold are restricted to buying recycled ‘scrap’ gold from pawnshops and jewelry stores. To gain a competitive edge, many U.S. gold traders look south.”

Read more: http://www.miamiherald.com/news/local/community/miami-dade/article194187699.html

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