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The Gold Rush in Manhattan’s Diamond District
Wall Street Journal ^ | Oct. 11, 2025 | Joseph Pisani

Posted on 10/12/2025 8:16:18 PM PDT by chud

The Gold Rush in Manhattan’s Diamond District

Buyers and sellers are flooding the crowded Midtown block that holds more than 2,600 businesses

By Joseph Pisani | Photography by John Taggart for WSJ
Oct. 11, 2025 12:00 pm ET

So many customers flocked to a New York City gold dealer this past week that staff had to ask people to wait outside.

“I’ll go through this all day long,” said Chief Executive Ben Tseytlin, about the people piling into his shop, Bullion Exchanges. Some were there to sell gold, but increasingly people are coming to buy, he said.

It is one of several jewelry dealers along a stretch of Manhattan known as the Diamond District, where business has been thriving as gold and silver values rise. That has brought a flood of new faces to the crowded Midtown block that holds roughly 2,600 businesses, many owned by members of New York’s Orthodox Jewish community.

(snip)

Tseytlin spent most of the summer tending to customers who—spurred by gold’s historic run—wanted to turn family heirlooms or coins into cash. More recently, those sellers have turned into buyers, he said.


Full article at WSJ, here.


(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy
KEYWORDS:

It seems that people who used to sell gold are having a change of heart and turning into buyers...


1 posted on 10/12/2025 8:16:18 PM PDT by chud
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To: chud

It seems that people who used to sell gold are having a change of heart and turning into buyers...


It usually takes Americans a bit longer to figure out what is happening, we can thank our lamestream media for that....everything that took a dive Friday was pushed by our MSM for years, stocks, AI, Bitcoin, e money....

The two huge winners, Silver and Gold , were bad mouthed or disregarded for years....our MSM never saw the biggest generational PM Bull market coming.

We entered the Bull a few years back, exactly when brain dead Biden confiscated Russia’s sovereign wealth fund.....they never think of consequences, we are now paying a heavy price and the damage can not be undone.


2 posted on 10/12/2025 8:30:47 PM PDT by delta7
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To: chud
It seems that people who used to sell gold are having a change of heart and turning into buyers...

Once shoeshine boys start talking about stocks, it's time to get out

3 posted on 10/12/2025 8:45:48 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: chud

“We deal in lead.”
Cartridges and shotgun shells will be pocket currency some day.
Gold and silver will still have value.


4 posted on 10/12/2025 8:48:59 PM PDT by tumblindice (America's founding fathers: all armed conservatives)
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To: tumblindice

you be very funny


5 posted on 10/12/2025 8:59:22 PM PDT by fatboy (')
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