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The public is happily selling its gold, so who the heck is buying and paying so much?
Maybe there are some clues here.
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NYC Jewelers Are Rushing to Cash In on Gold's Rally Over $4,000
By Veena Ali-Khan
Bloomberg News
Friday, October 10,2025
The gold rally rippling through global markets is reverberating from trading floors down to the cramped corridors of Manhattan's Diamond District, where shop owners hawking bangles and coins are cashing in on quick deals.
Bullion's surge past $4,000 an ounce this week means chatter in the Midtown district -- a go-to destination for traders dealing gems and precious metals for more than a century -- has been as much about market charts as carats and cuts. The buying and selling have roiled jewelers as they plot strategy around their inventory and attempt to keep pace with the change in prices.
... Dispatch continues below ...
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Blue Lagoon Highlights Optimal Market Timing
As Underground Mining Advances At Dome Mountain
Company Announcement
Thursday, October 9, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) announces that underground mining has entered its second week at the company's fully permitted Dome Mountain Gold Project near Smithers, British Columbia, amid the strongest gold price environment ever.
Last week's start of underground operations marked the beginning of Blue Lagoon's transition from development to production -- a milestone occurring at an opportune time as gold prices reach fresh record highs and worldwide investor interest in precious metals accelerates.
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... For the remainder of the announcement:
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Blue Lagoon Resources will be represented in New York on October 20 and 21 and will be scheduling private appointments. For more information, contact President and CEO Rana Vig at rana@ranavig.com.
It has been a wild ride for Stephen Herdemian, who has operated an antique jewelry shop on 47th Street for more than four decades. Sellers are walking out with "big smiles" when they learn how much values have jumped, he said.
"It's not a blast to buy gold," Herdemian said from behind his counter, fingering a gold chain around his neck. "But you're sure having a blast selling it." ...
.... For the remainder of the report:
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