Biggest Price Drop in 30 Years Leads to Record Breaking Demand for Bullion

SAN FRANCISCO, CA, May 14, 2013 – At Oxbridge House, the demand for gold and silver was unlike anything they had seen before. "In over 20 years of business, we have never seen so many people rushing to buy the dip quite like this" said Joe Polyak, an account executive at the reputable Precious Metals dealer in San Francisco.

Last month, the global precious metals market saw the prices for gold and silver drop dramatically, leading to record-breaking sales in gold bullion. Mid-April saw the price of an ounce of gold plunge $144 to the mid $1,300 range, a low not seen since 1983.

This astonishing price decrease can be attributed to several factors. The slow, steady improvement of the US economy as well as the recent strength of the dollar were contributing factors. China's economy, which saw an unexpected 7.7 percent growth, also played a part in the price drop.

As people rushed to take advantage of the opportunity to buy low, Oxbridge House was swamped with buyers looking to take advantage of their exceptionally large quantities of Gold and Silver. In an era with precious metals dealers popping all over the place, people turn to Oxbridge House to take advantage of their knowledgeable staff and excellent track record.

Oxbridge House not only deals in gold and silver bullion. They have an equally large inventory of platinum bullion, as well as pre-1933 US gold coins. If you are looking to sell, OxbridgeHouse is happy to assist you in appraising your coins, bullion, jewelry, or flatware. Rest assured that you will never be low-balled, as they always pay top dollar for Precious Metals.

About Oxbridge House
Established in 1990, Oxbridge House is a family owned and operated rare coin and precious metal dealer located in San Francisco. Oxbridge house has built an exceptional reputation in the Precious Metals industry by providing over 22 years of experience and knowledge in Gold, Silver and Platinum. They have one of the best Buy/Sell spreads in the industry, insuring their customers that they will get the most value from their Precious Metals.

Oxbridge House is an authorized dealer of NGC, PCGS, and NACS, as well as a BBB Accredited Business with an A+ rating.