Skip to content
Call (212) 840-0415 ThePMG906@gmail.com
30 W 47th St, Suite 906 · New York, NY 10036 Mon–Fri 10am–6pm
Spot
Gold— Silver— Platinum— Palladium—
USD / troy oz
Precious Metals

Central Banks Are Hoarding Gold

2 min read

FOR IMMEDIATE RELEASE
📅 March 7, 2026 · New York, NY
Contact: Avi Kessler, CEO · (212) 840-0415

The Same Forces Driving China, India, and the World’s Biggest Financial Institutions Into Gold Are Now Putting Everyday New Yorkers on the Right Side of a Historic Trade

China’s central bank has purchased gold for 15 consecutive months. J.P. Morgan is forecasting gold at $5,000 to $6,000 per ounce through the remainder of 2026. Goldman Sachs, Bank of America, and Morgan Stanley have all issued bullish outlooks on the metal. The world’s most sophisticated financial institutions are not buying gold because they think prices are going down.

For everyday New Yorkers, this creates an unusual opportunity. The same forces pushing governments and hedge funds into gold are the reason that a broken necklace, a set of old coins, or a handful of inherited jewelry sitting in a drawer is worth dramatically more today than it was two years ago.

What the World’s Biggest Buyers Know That Most People Don’t

Gold does not pay dividends. It does not issue earnings reports. It cannot be printed or digitally created. For centuries, that has made it the one asset that governments, central banks, and major investors turn to when they lose confidence in everything else.

Right now, there is a lot to lose confidence in. Persistent inflation has eroded purchasing power. Geopolitical tensions have created deep uncertainty. The U.S. dollar posted its worst year since 2017 in 2025. Against that backdrop, central banks globally purchased 863 tonnes of gold in 2025 alone. The result: gold hit an all-time high of $5,595 per ounce in January 2026, up more than 110% from two years prior.

What a Central Bank Trade Has to Do With Your Jewelry Box

The connection is direct. When institutional demand pushes the gold spot price higher, the value of every ounce of gold in existence goes up — including the gold in a 14-karat ring sitting in a drawer, or a handful of coins in a safe deposit box, or dental crowns from a procedure years ago.

  • A 14-karat gold item that weighed 10 grams and paid $150 in early 2025 could now yield $280 to $320 or more
  • A small collection of gold coins worth $800 eighteen months ago might now fetch $1,600 to $1,800
  • A bag of old mixed jewelry that would have gotten $400 could now easily clear $800 to $1,000
  • Dental gold, which is often 16- to 20-karat purity, has seen proportionally large increases in value

Key Stats

  • 15 — Consecutive months China’s central bank bought gold
  • 863t — Gold purchased by central banks globally in 2025
  • $5,595 — All-time high gold price, Jan 29, 2026
  • +110% — Gold price increase over 24 months

“The same macro forces that are driving central banks and institutional investors into gold are creating a real opportunity for everyday New Yorkers right now. If you have gold sitting around — jewelry, coins, anything — you owe it to yourself to find out what it’s worth today. We make that process completely free and completely pressure-free. Come in, get your number, and make an informed decision.” — Avi Kessler, CEO, The Precious Metals Group

About The Precious Metals Group

The Precious Metals Group is a licensed and insured precious metals dealer based in Midtown Manhattan. Since 2010, we have provided New York City residents with transparent, fair-market pricing for gold, silver, platinum, diamonds, and luxury watches. Located at 30 West 47th Street, Suite 906. (212) 840-0415

Get an offer

Tell us what you have.

Send photos and we'll come back with a realistic range, usually the same business day. No obligation, and nothing here commits you to selling.




    We'll text or call — whichever you prefer.





    The more detail, the tighter the range we can give you.



    Good light, flat surface, and a close-up of any stamps.

    Or skip the form — call (212) 840-0415 or just walk in weekdays 10am–6pm. We never share your information, and a photo estimate is not a binding offer either way.

    Find us

    30 W 47th St, Suite 906

    Ninth floor, between Fifth and Sixth Avenue, in the middle of the Diamond District block. Walk-ins welcome Monday to Friday, 10am to 6pm.

    Open in Google Maps Call (212) 840-0415

    Subway

    B, D, F, M to 47–50 Sts–Rockefeller Center — exit at 47th Street and walk half a block east. Closest stop, under two minutes.
    N, Q, R, W to 49 St, then two blocks south.
    7 to Fifth Ave–Bryant Park, then five blocks north.
    4, 5, 6 to 51 St, or to Grand Central–42 St and west on 47th.
    1 to 50 St, then east toward Sixth Avenue.

    Commuter rail

    Metro-North into Grand Central Terminal — roughly a ten-minute walk west along 47th Street, no transfer needed.
    LIRR, NJ Transit and Amtrak into Penn Station — take the B, D, F or M uptown one stop to Rockefeller Center, or walk about fifteen minutes.
    PATH to 33rd Street, then the B, D, F or M uptown.

    Bus

    M1, M2, M3, M4 run along Fifth and Madison Avenues and stop within a block.
    M5, M7 run on Sixth and Seventh Avenues.
    M50 crosstown covers 49th and 50th Streets.

    Driving & parking

    There is effectively no street parking on this block. Several garages sit on 47th and 46th Street between Fifth and Sixth, and more along Sixth Avenue — booking ahead through a parking app is usually cheaper than the drive-up rate. From the FDR, exit at 49th Street and head west. From the West Side Highway, exit at 56th Street and head south and east.

    Coming in with a large lot

    If you're bringing a significant quantity, call before you come. We'll have the right person at the counter and can arrange for you to come up without waiting. For estates and bulk lots we can also discuss secure transport.

    Call Get an offer