[1] From 1850, Goldschmidt was employed in his maternal uncle Adolph Trier's trading firm (founded 1841).
Based out of the cellar at Amagertorv 8, it was still mostly a retail shop although Trier had recently made a move into the wholesale market.
[2] Goldschmidt was made a partner in the firm on 1 January 1857 and it was from this on exclusively a wholesale business.
It grew to become one of the largest Danish wholesalers of colonial goods such as sugar, rice, and spices.
Goldschmidt is one of the businessmen seen in Peder Severin Krøyer's monumental 1888 painting From Copenhagen Stock Exchange.