Where To Buy Gold In Penn Yan, New York

Buying Gold Near Penn Yan Is Easy As 1...2...3!

Step 1
Place Your Order Online!

Step 2
Gold shipped in 24 hours!

Step 3
Your Gold arives!

Buying gold in Penn Yan, New York has never been easier! Dozens of local and national gold dealers are standing by to help you invest!

Local Gold Dealers

1) Woodys Pawn Shop

38.61 Miles Away (607) 324-3325 124 Main St Hornell, NY 14843

2) The Gem Lab

41.26 Miles Away (585) 359-3900 4098 W Henrietta Rd Rochester, NY 14623

3) The Swap Shop

41.26 Miles Away (607) 734-4069 404 Walnut St Elmira, NY 14901

4) Pawn Boss

44.68 Miles Away (607) 662-4052 16 Main St Cortland, NY 13045

5) Rochester Pawn and Gold

47.22 Miles Away (585) 319-3916 1440 Dewey Ave Rochester, NY 14615

Gold Purchase Formats

There are a number of physical formats you can consider when buying gold:


  • Gold Coins: Some coins have a "rarity" component associated with them that can add to their value. Coins are a great option but avoid purchasing based on rarity unless you really know what you're doing
  • Gold Jewelry: Investing in jewelry is another option. You'll take craftsmansip, design, and purity into account when valuing these items.
  • Gold Bars: Bars are typically quite pure, and stamped with the name of the production refinery. Value is directly aligned to the amount of metal in the bar.
  • Gold ETFs: These are funds designed to follow the spot price of gold. It doesn't mean you own anything physically, and isn't an effective hedge against total system collapse (but can be a good investment vehicle for some).

Tips For Buying Gold In New York

Stay Liquid

Having liquid gold on-hand and ready in the event of a crisis is the best hedge. Being invested in gold ETFs is fine depending on your objectives, but if you're truly hedging against unforeseen market collapses, you want physical metal in your possession.

Invest On A Long Time Horizon

When investing in any asset, including gold, it's important to keep the time horizon in mind. Prices fluctuate, and over a longer time horizon there's a better chance of your investment appreciating in value.


The last thing anyone would want is to invest money they'll need in the coming months, only to have the market move against them. Talk to your financial adviser, and carefully plan any future purchases.

Don't Buy Gold On Credit

Buying gold on credit or speculating on the future price can lead to getting yourself in a significant financial jam.


Instead, put some money to the side that you're sure you're not going to need in a short time horizon, and use that to invest.

Know And Comply With The Law

It's important to comply with the law when it comes to buying gold, and knowing what they are goes a long way.


Under a certain dollar amount, there's no need to declare (which may be attractive to some), but once you hit a threshold you will need to (and should) declare your holdings.