纽约淘金热

Bullion Trading LLC位于第47街建筑物的地下室。它很安静，与上面街道的声音隔离开来

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

过去的几个月，对于艾萨克·卡汉（Isaac Kahan）的业务来说，这是最好的。

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.

这位57岁的年轻人从事黄金行业已有33年的历史，在纽约市钻石区中心的小商店中出售金条。

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年的纪录之后，金价粉碎了记录，商业内幕人士访问了该地区进行一些窗口购物（强调窗户）。

The New York gold rush

纽约淘金热

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拥有的Bullion Trading LLC位于第47街建筑物的地下室。它很安静，与上面街道的噪音隔离开来，热情的销售人员戴着广告黄金和珠宝的大标志，并积极地征求路人。

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.

街上的喧嚣证明了黄金市场的实力。卡汉说，人们在新闻上听到有关黄金后的呼吁，以了解有关黄金的更多信息。

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

但是他们不仅仅是购买 - 他们也以强劲的价格销售。

"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.

“我们看到了重要的活动，尤其是在我们的废品购买业务中，随着黄金价格徘徊在历史最高高点附近。许多人通过出售其珠宝，硬币和其他黄金物品来利用强大的市场，以获得流动性或实现流动性，” 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."

人们还在购买银牌，卡汉开玩笑地称其为“穷人的黄金”。

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

投资者以类似的原因购买白银，尽管短期内白银通常更波动，而且价格更高。

"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.

卡汉说：“如果您有3,300美元，那么您就会获得一小片黄金……从心理上讲，对于初学者投资者而言，以33美元的价格购买银币的风险可能会减少。”

How the physical gold market works

实物黄金市场的运作方式

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

与股票或债券不同，可以在几乎没有交易成本的标准化交易所购买，而实体黄金则带有更多的并发症。

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.

黄金投资者主要交易两种类型的金属：私有生产的棒或硬币，通常由美国造币厂发行。您可以通过仅购买几克来开始缩小，或者一直升至一公斤的黄金。

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.

如果您想购买黄金，则预计将支付高于原金属的现货价格，而原始金属的价格却在5月2日左右左右每盎司左右。如果您要出售，则相反。

"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.

卡汉说：“如果我是从某人那里购买的，我要在现货以下购买。我要卖，我要在现货上面卖出。我付出的或出售的东西取决于供求，以及当时我有多少库存。”

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.

购买或出售黄金时的第一笔业务？验证金属的真实性。 Kahan使用了贵金属验证者，看起来像一个小型电子秤。该机器测量样品的电阻率以检测其是真实的还是伪造的。

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.

在完成交易时，Bullion Trading LLC获得了高达7,000美元的交易信用卡，这意味着您最多可以在塑料上放两个酒吧。上面的任何内容，您都需要通过银行帐户进行金钱。

Why are people snatching up gold now?

人们为什么现在要抢购黄金？

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.

当市场波动率增加和地缘政治紧张局势峰值时，投资者会遇到避风付用的物理资产。卡汉（Kahan）的客户经常引起人们对美元或整体经济实力的担忧，这是他们购买黄金的原因。

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也有类似的观察：“我们的许多客户关心通货膨胀，货币贬值或整体市场波动，并将金条视为稳定的长期价值存储。”

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

有些人出于最近的经济发展之外的原因是忠实的黄金购买者。黄金可能是存储世代财富的好方法。

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

卡汉告诉bi：“我们有很多高净值的人实际上订购了数十万美元。”

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

他补充说：“很多人告诉我们他们正在为孩子们购买。”

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.

不过，您可以将手放在黄色金属上并不容易。除了关注投资者以使其投资组合多样化之外，特朗普的关税还限制了黄金条的供应。卡汉说，由于关税，PAMP和Valcambi是两名著名的瑞士贵金属炼油厂，已停止了美国的金条。

Actual Trump coins

实际的特朗普硬币

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.

人们还购买黄金作为爱好，尽管这是昂贵的。卡汉（Kahan）携带农历新年，并带有七个主题的黄金和银币，以及其他独特的收藏家设计。这些主题硬币以常规金条的高价。

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别引人注目的产品：与总统唐纳德·特朗普的黄金和银币