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New York Archdiocese

New York Archdiocese to Negotiate Sex Abuse Settlement

by Chris Wade, The Center Square
December 9, 2025

(The Center Square)—The Archdiocese of New York said Monday it will negotiate a “global” settlement to resolve claims of people who said they were sexually abused as children by Catholic priests and staff members.

The announcement was made in a public letter by Cardinal Timothy Dolan, posted on the archdiocese’s website, who said church leaders had met in recent weeks with lawyers to discuss terms for a settlement with more than 1,300 accusers. Details of the final settlement would be worked out in negotiations, he said.

“It is my hope and prayer that we can all work together to achieve a global settlement and provide victim-survivors with the most financial compensation possible to help heal these wounds,” Dolan said.

Dolan said the church expects to set aside about $300 million to provide compensation to survivors of sexual abuse. He said the archdiocese has made “difficult decisions” to create the fund by laying off staff, reducing its operating budget by 10% and selling off church-held real estate assets, including its former headquarters on First Avenue in Manhattan, earlier this year.

He said both the archdiocese and victims groups have agreed to hire retired Judge Daniel J. Buckley as a neutral mediator to hammer out a final settlement. Buckley helped successfully negotiate a global settlement with the Archdiocese of Los Angeles and more than 1,000 victim-survivors. The church has also hired Proskauer Rose LLP and FTI Consulting as our legal and financial advisors.

“Their expertise will help us identify a solution that delivers the greatest possible compensation to victim-survivors while allowing the Archdiocese to continue its vital ministries for the good of our parishes, families, and communities,” Dolan wrote.

Meanwhile, the Archdiocese of New York is still embroiled in a legal fight with Chubb Insurance Companies over the general liability insurance coverage it took out years ago for itself, parishes, schools and charitable organizations, including coverage for sexual misconduct claims.

“Despite accepting millions in premiums from the archdiocese, Chubb has steadfastly refused to honor the policies it issued,” he said.



Dolan said the church has “worked with determination to strengthen and enhance procedures that ensure our children are protected, while also doing all in our power to bring healing and justice to victim-survivors and treat them with compassion and respect.”

“As we have repeatedly acknowledged, the sexual abuse of minors long ago has brought shame upon our Church,” he said. “I once again ask forgiveness for the failing of those who betrayed the trust placed in them by failing to provide for the safety of our young people.”

If approved, the New York settlement would be the latest by the Catholic Church to resolve claims that for decades it shielded priests and church staff who were accused by victims of sexually abusing them when they were minors.

Last week, a federal bankruptcy judge approved the Roman Catholic archdiocese of New Orleans’ proposal to pay $230 million to about 600 survivors of sexual abuse by the church’s priests, deacons and other staff.

More than 40 other Catholic institutions have filed for bankruptcy protection as they struggle to pay settlements with victims to resolve prior clergy abuse complaints, according to data compiled by Penn State University’s law school.

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Why Bullion Beats Numismatics and Collectible for Your Safe or IRA

Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.

Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.

Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.

Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.

For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.

Lower Costs and Better Liquidity for Home Storage

When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:

  • You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
  • Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
  • Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
  • Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
  • Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.

In times when quick access to value becomes important, bullion’s simplicity stands out.

Stronger Fit for Precious Metals IRAs

Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.

Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.

Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.

Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.

How to Get Started with Bullion

Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.

Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.

As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.

For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.

Comments 4

  1. Viti says:
    5 months ago

    Thousands, it is staggering. I was raised catholic, but I don’t know if the Catholic church deserves to survive. It is the people in the church that will pay for this. I think of the thousands of children that disappeared during the Biden administration. It seems like Baal has taken over this society. WHO DO YOU SERVE?

    Reply
  2. Lauran says:
    5 months ago

    God created man and woman. When the Catholic church decided to keep all their assets, it was determined that priests could not marry as it would involve children, and the passing on of money to heirs. It had nothing to do with sanctification or denial…..it was purposeful and ignorant. In a lot of the rest of the world, other than America, priests marry or take girlfriends. it is an open secret. Priests in Africa can marry. It all has to do with the shifting around of morality based on money. I was raised Catholic, and saw it all. Both women and men have been abused, and they deserve compensation. Celibacy is unnatural and the church is now full of deviants. The sooner that people realize this and accept it, the sooner the Catholic church will be out of business. Amen!!!!!

    Reply
  3. Daniel says:
    5 months ago

    No man, government, religion, philosophy, etc. will stop what is occurring around the world. And that goes for our churches which have based their organizations (denominations) after mans organizations, not Gods Pattern for His Church and Families.

    Man’s churches are also failing as we enter the end of days of which we have been forewarned. Man’s Churches have assumed to themselves priesthoods and authority (as they supposed) thereby dividing believers one against another. They also assumed responsibilities which God ordained and appointed for Men and Women (The Family) not men’s churches. That is why Christian Families are failing like secular families.

    What is God’s Church? It’s Jesus Christ and Born Again Believers having the indwelling of the Holy Spirit our True Guide, our True Teacher, our True Comforter along with God’s Word and the Testimony of His Creation. They are the living breathing Church Of God, adopted Sons and Daughters of God destined to be with Him throughout eternity.

    $ $ $
    Money has no value here, no trips to Alaska, no books to purchase, no – none of that.

    I invite you too visit https://www.knowingforyourself.com/

    If nothing else read from the home page and then, at the top of the home page read from: God’s Family – God’s Church – Message of the Temple Veil, and the Women at the well – Rebuild Restore.

    Think for yourself and share this site with others. “For there is nothing hidden that shall not be disclosed, nor anything secret that shall not be known and come out in the open.” Luke 8:17

    Best to all in Jesus Christ our Savior and Redeemer. Daniel

    Want to know who is the Prince of this world, and his followers? First read the ten Commandments (Thou shalt not) as given in your Bible. Then read them again starting first with the 10th command saying ”Thou Shalt” and you shall know who the god of this world is and those who follow him. Think about it.

    Reply
  4. inspectorudy says:
    5 months ago

    No other institution in the world would be allowed to exist with the record of sexual abuse of the Catholic church!

    Reply

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