紐約淘金熱

Bullion Trading LLC位於第47街建築物的地下室。它很安靜，與上面街道的聲音隔離開來

The last few months have been some of the best for Isaac Kahan's business.

過去的幾個月，對於艾薩克·卡漢（Isaac Kahan）的業務來說，這是最好的。

The 57-year-old has been in the gold industry for 33 years, selling bullion out of his small store in the heart of New York City's Diamond District.

這位57歲的年輕人從事黃金行業已有33年的歷史，在紐約市鑽石區中心的小商店中出售金條。

With gold prices smashing record after record in 2025, Business Insider paid a visit to the district to do some window shopping (emphasis on window).

在2025年的紀錄之後，金價粉碎了記錄，商業內幕人士訪問了該地區進行一些窗口購物（強調窗戶）。

The New York gold rush

紐約淘金熱

Bullion Trading LLC, which Kahan owns, is located in the basement of a building on 47th Street. It's quiet and insulated from the noise of the street above, where enthusiastic salespeople wear big signs advertising gold and jewelry and aggressively solicit passersby.

Kahan擁有的Bullion Trading LLC位於第47街建築物的地下室。它很安靜，與上面街道的噪音隔離開來，熱情的銷售人員戴著廣告黃金和珠寶的大標誌，並積極地徵求路人。

The hustle and bustle on the street is a testament to the strength of the gold market. People are calling up the store to learn more about gold after hearing about it on the news, Kahan said.

街上的喧囂證明了黃金市場的實力。卡漢說，人們在新聞上聽到有關黃金後的呼籲，以了解有關黃金的更多信息。

But they aren't just buying — they're also selling at the strong prices.

但是他們不僅僅是購買 - 他們也以強勁的價格銷售。

"We're seeing significant activity, particularly in our scrap gold buying business, which has experienced enormous growth as gold prices hover near all-time highs. Many individuals are taking advantage of the strong market by selling their jewelry, coins, and other gold items to access liquidity or realize profits," Eric Gonzeput, the CEO of Bullion Exchanges, told BI over email.

“我們看到了重要的活動，尤其是在我們的廢品購買業務中，隨著黃金價格徘徊在歷史最高高點附近。許多人通過出售其珠寶，硬幣和其他黃金物品來利用強大的市場，以獲得流動性或實現流動性，” Bullion Conferces的CEO Eric Gonzeput表示，BI BIE ERIC GONZEPUT表示。

People are also buying silver, which Kahan jokingly calls "the poor man's gold."

人們還在購買銀牌，卡漢開玩笑地稱其為“窮人的黃金”。

Investors buy silver for similar reasons they do gold, though silver is typically more volatile in the short term — and significantly more affordable.

投資者以類似的原因購買白銀，儘管短期內白銀通常更波動，而且價格更高。

"If you have $3,300, you're getting one little bar of gold … Psychologically, it might feel less risky for beginner investors to buy a silver coin for just $33 instead," Kahan said.

卡漢說：“如果您有3,300美元，那麼您就會獲得一小片黃金……從心理上講，對於初學者投資者而言，以33美元的價格購買銀幣的風險可能會減少。”

How the physical gold market works

實物黃金市場的運作方式

Unlike stocks or bonds, which can be purchased on standardized exchanges with little to no transaction costs, trading physical gold comes with more complications.

與股票或債券不同，可以在幾乎沒有交易成本的標準化交易所購買，而實體黃金則帶有更多的並發症。

Gold investors primarily trade two types of the metal: bars, which are privately produced, or coins, which are typically issued by the US Mint, Kahan said. You can start small by buying just a few grams, or go all the way up to a kilogram of gold.

黃金投資者主要交易兩種類型的金屬：私有生產的棒或硬幣，通常由美國造幣廠發行。您可以通過僅購買幾克來開始縮小，或者一直升至一公斤的黃金。

If you're looking to buy gold, expect to pay above the spot price of the raw metal, which hovered around $3,250 an ounce as of May 2. The opposite is true if you're selling.

如果您想購買黃金，則預計將支付高於原金屬的現貨價格，而原始金屬的價格卻在5月2日左右左右每盎司左右。如果您要出售，則相反。

"If I'm buying from somebody, I'm buying below spot. I'm selling, I'm selling above spot. What I pay or sell for depends on supply and demand, and how much of that item I have in stock at that time," Kahan said.

卡漢說：“如果我是從某人那裡購買的，我要在現貨以下購買。我要賣，我要在現貨上面賣出。我付出的或出售的東西取決於供求，以及當時我有多少庫存。”

The first order of business when buying or selling gold? Verifying the authenticity of the metal. Kahan uses a precious-metals verifier, which looks like a small electronic scale. The machine measures the resistivity of a sample to detect whether it's real or counterfeit.

購買或出售黃金時的第一筆業務？驗證金屬的真實性。 Kahan使用了貴金屬驗證者，看起來像一個小型電子秤。該機器測量樣品的電阻率以檢測其是真實的還是偽造的。

When it comes to closing the transaction, Bullion Trading LLC takes credit cards for transactions up to $7,000, which means you can put up to two bars on plastic. Anything above that, and you'll need to wire the money through your bank account.

在完成交易時，Bullion Trading LLC獲得了高達7,000美元的交易信用卡，這意味著您最多可以在塑料上放兩個酒吧。上面的任何內容，您都需要通過銀行帳戶進行金錢。

Why are people snatching up gold now?

人們為什麼現在要搶購黃金？

When market volatility increases and geopolitical tensions spike, investors run to safe-haven physical assets. Kahan's clients often cite concerns about the strength of the US dollar or the overall economy as a reason why they're buying gold.

當市場波動率增加和地緣政治緊張局勢峰值時，投資者會遇到避風付用的物理資產。卡漢（Kahan）的客戶經常引起人們對美元或整體經濟實力的擔憂，這是他們購買黃金的原因。

Gonzeput had similar observations: "Many of our clients are concerned about inflation, currency devaluation, or overall market volatility, and see bullion as a stable, long-term store of value."

Gonzeput也有類似的觀察：“我們的許多客戶關心通貨膨脹，貨幣貶值或整體市場波動，並將金條視為穩定的長期價值存儲。”

Some people have been loyal gold buyers for reasons outside of recent economic developments. Gold can be a good way to store generational wealth.

有些人出於最近的經濟發展之外的原因是忠實的黃金購買者。黃金可能是存儲世代財富的好方法。

"We have a lot of high-net-worth people that actually place order for several hundred thousand dollars," Kahan told BI.

卡漢告訴bi：“我們有很多高淨值的人實際上訂購了數十萬美元。”

"A lot of people tell us they're buying for it for their children," he added.

他補充說：“很多人告訴我們他們正在為孩子們購買。”

It's not so easy to get your hands on the yellow metal, though. In addition to concerned investors rushing to diversify their portfolios, Trump's tariffs are also restraining the supply of gold bars. Pamp and Valcambi, two prominent Swiss precious metal refineries, have stopped shipping gold bars the the US due to tariffs, Kahan said.

不過，您可以將手放在黃色金屬上並不容易。除了關注投資者以使其投資組合多樣化之外，特朗普的關稅還限制了黃金條的供應。卡漢說，由於關稅，PAMP和Valcambi是兩名著名的瑞士貴金屬煉油廠，已停止了美國的金條。

Actual Trump coins

實際的特朗普硬幣

People also buy gold as a hobby, albeit an expensive one. Kahan carries Lunar New Year and Diwali-themed gold and silver coins, among other unique collector designs. These themed coins come at a premium to regular bullion.

人們還購買黃金作為愛好，儘管這是昂貴的。卡漢（Kahan）攜帶農曆新年，並帶有七個主題的黃金和銀幣，以及其他獨特的收藏家設計。這些主題硬幣以常規金條的高價。

There are some particularly eye-catching products in Bullion Trading LLC's display case: gold and silver coins with President Donald Trump

Bullion Trading LLC的展示案中有一些特別引人注目的產品：與總統唐納德·特朗普的黃金和銀幣