You are here
U.S. senators file national security amendment targeting gold and silver market concentration
From Money Metals News Service
Eagle, Idaho
Thursday, June 25, 2026
WASHINGTON -- A bipartisan group of U.S.sSenators sponsoring the System Integrity through Licensed Vault Expansion and Resilience (SILVER) Act today filed the legislation as an amendment to the National Defense Authorization Act for Fiscal Year 2027, further elevating the issue of geographic concentration within the United States' precious metals settlement infrastructure as a matter of urgent national security.
... Dispatch continues below ...
... ADVERTISEMENT ...
Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico
Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history.
Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.
With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.
For more information, please visit:
Supported by a broad industry coalition that includes mints, refineries, depositories, dealers, miners, banks, logistics companies, risk managers, and industry trade groups, the bipartisan and bicameral SILVER Act (SB 4621 and H.R. 8007) would enhance financial and national security resilience by ending the extraordinary concentration of exchange-approved depositories for gold, silver, platinum, and palladium in and around New York City.
The geographic concentration of America's publicly traded precious metals is viewed not only as anticompetitive but also highly dangerous since it creates a single point of failure for a market that plays a critical role in price discovery, physical settlement, and the functioning of U.S. and global markets. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
