As many people already know, Manhattan Gold & Silver is located in the Diamond District of NYC. The Diamond District is located on West 47th Street between Fifth Avenue and Sixth Avenue.  While some jewelers have their own shops along this strip, most have booths in the 25 jewelry exchanges located in this area.  Each exchange can have as many as 100 separate jewelry or related businesses. In this situation, you don’t have to travel very far to find what you may be looking for.  Simply move five steps in either direction and you will see completely different inventory.  The Diamond District is made up of approximately 2,600 independent businesses, all of them dealing in diamonds, jewelry, gold and other precious metals and stones. 

The area is one of the primary centers of the global diamond industry along with London, Antwerp, Belgium, Mumbai, India, Ramat Gan, Israel and Johannesburg, South Africa.  The district serves as the premier center for jewelry shopping in the city and it is estimated that 90% of the diamonds inthe US enter through the district.  The average day’s trade value in the diamond district is $400 million.

Manhattan Gold and Silver islocated at 45 W 47th Street· New York, NY 10036,in the diamond district.  We look forward to greeting you when you visit this area. 

Many realize that gold is a good investment these days.  While the price of other items is going down,the price of gold is rising.  Manybelieve the price is going up because gold is becoming scarcer by the day.  While it is indeed rare, this really hasnothing to do with the price.  Gold is atraded commodity, like other commodities, the price can fluctuate throughoutthe day. And to the surprise of many, there is not just one way to invest ingold.  One way is through gold ETFs, somegold ETFs buy and physically hold gold bullion (they hold large collections ofgold bars), while others invest in futures contracts.  The impact of ETFs should be interesting onthe price of metals.  These are fairlynew, allowing access to the world to buy commodities in there regular stock portfolios.

How these are traded will depend on how the price of goldgoes up and down throughout the day. Typically, the price of gold is reported in the morning and in theevening, to show the opening and closing price. Manhattan Gold and Silver displays the opening and closing price on ourhome page and it is updated daily.  Otherprecious metal prices are displayed along with gold.

For more information about gold and gold recycling services, please contact a representative from Manhattan Gold andSilver.