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SAN FRANCISCO, CA, May 01, 2012 /24-7PressRelease/ -- Oxbridge House, Inc., a buyer and seller of rare metals and precious coins, has recently opened a new retail location on 2115 Van Ness Ave. in San Francisco to satisfy the skyrocketing demand for their products and services. With gold prices hovering between $1,500 to as much as $1,900 per ounce over the last six months, consumers and investors have been clamoring for gold bullion.
"We see a big rush of people coming in selling and also a big rush of people buying for investment purposes," said Joe Polyak, an account executive at Oxbridge House. "We get a lot of people who don't trust the Federal Reserve and don't believe in paper money so they are looking for hard assets. Opening the larger new retail location here in the heart of San Francisco was the best way for us to satisfy the exponential increase in demand we have seen over the last year," he continued.
Oxbridge House is now paying as much as 90% of melt value for anyone who brings in at least 100 grams of gold jewelry. For smaller quantities, they typically pay 80% of melt or "spot" value. Experts say that consumers should look for dealers who will pay at least 75% or more of spot. With gold prices increasing by over 300% over the last five years, many consumers looking to sell their old coins and jewelry are pleasantly surprised by the cash amount that Oxbridge will offer for their unwanted gold items.
As part of the new retail location opening, Oxbridge House is also now offering unbeatable prices on Investment Grade Pre-1933 U.S. Gold Coins due to increasing inventory of coins with desirable dates, mint marks, and grades. Oxbridge House has the best buy / sell prices on Gold Bullion in the Bay Area with 1 Oz. Pamp Suisse bars selling as low as $35 over spot and 1 Oz. American Gold Eagle coins selling at $75. These bargain prices have come recently due to the increased demand at Oxbridge due to their quick, efficient service, and their experienced and knowledgeable Precious Metals Investment Account Executives.
About Oxbridge House: Oxbridge House, Inc. was first established in 1990, and has been family owned and operated ever since as an authorized dealer of NGC, PCGS, and ANACS. They are also a BBB-accredited business with a rating of A+. Dealing primarily in gold, silver, platinum bullion, and investment-grade rare coins, Oxbridge House is the number one San Francisco gold buyer. Find more information today at http://www.oxbridgehouse.com/.
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