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Gold-selling frenzy in New York City's diamond district sparks cash shortages
By Lisa Fickenscher
New York Post
Wednesday, July 2, 2025
As gold prices hit all-time highs, owners of vintage baubles and family heirlooms are scrambling to trade them for dollars -- and the frenzy has sparked a cash shortage across New York City's Diamond District, the Post has learned.
Last week at Bullion Exchanges -- a storefront at 30 W. 47th St. in midtown Manhattan that displays assorted gold coins and jewelry behind thick plexiglass -- a handful of customers had been buzzed inside while others waited on the busy sidewalk.
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At the counter a young woman shoved a fistful of gold trinkets under the bank-teller style window. Ten minutes later she left with a check for $3,330. ...
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