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The Cost of Living

August 4, 2008 by WendyB

Last month, I bought 16 inches of heavy 18K chain for $444.

The same chain cost me $255 in 2006.

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Filed Under: Business, gold, prices

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Reader Interactions

Comments

  1. lisa says

    August 4, 2008 at 10:47 pm

    *sigh* The times they are a-changing.

  2. Skye says

    August 4, 2008 at 10:58 pm

    The gold prices have been skyrocketing for a while, people get all spooked by the financial markets crashing and go old school with hoarding gold instead.

    Does that mean that you have to put your prices way up as well?

  3. Sister Wolf says

    August 5, 2008 at 1:02 am

    But did you put the blingy dollar sign on it? Are you gonna get a platinum grill? I’m excited!

  4. aizat.cinta.goddess says

    August 5, 2008 at 2:37 am

    wow!!it is a fashion statement

  5. Sharon Rose says

    August 5, 2008 at 3:09 am

    Yes, gold has certainly rocketed!!

  6. jennine says

    August 5, 2008 at 3:54 am

    oh my goodness… everything, everything is getting so expensive!

  7. Rice and Beans Vintage Clothing says

    August 5, 2008 at 4:06 am

    WOW, that’s amazing…tough.

  8. pretty face says

    August 5, 2008 at 5:14 am

    That’s so scary!

  9. WendyB says

    August 5, 2008 at 7:16 am

    Sister Wolf, what self-respecting fashionista DOESN’T have a nice diamond grill?

  10. WendyB says

    August 5, 2008 at 7:17 am

    Skye, yes, my prices go up as the materials cost rises. I try to absorb the increases as much as possible, but then it always gets to a point where you just have to go up.

  11. Emily says

    August 5, 2008 at 7:30 am

    granted the cost of living is going up, but gold is even more ridiculous than other things. i went to a gem show recently and was astounded by the high prices!

  12. enc says

    August 5, 2008 at 8:39 am

    That’s heavy.

  13. ParisBreakfasts says

    August 5, 2008 at 9:10 am

    OUCH OUCH OUCH!

  14. Teresa says

    August 5, 2008 at 9:38 am

    Also there are those shrieking commercials on TV telling every to sell all the gold they could scrounge up nownownow cause the value is going up.

  15. retifism says

    August 5, 2008 at 10:09 am

    prices really are rising insanely, i feel the pinch.

  16. Miss Janey says

    August 5, 2008 at 11:21 am

    Introducing Miss Wendy’s ChaChing Bling.

  17. Siljesfashion says

    August 5, 2008 at 11:28 am

    I am probably the only one who doesnt think that was to bad. However I live in Norway, were everything is expensive.

  18. Danielle says

    August 5, 2008 at 11:37 am

    good god.

  19. fashion herald says

    August 5, 2008 at 12:30 pm

    Oof, i remember when gold was cheap. hmm, i may actually be able to hawk something in my jewelry box now…

  20. KiKi says

    August 5, 2008 at 1:23 pm

    yup everything is going up wayy up

  21. Make Do and Mend says

    August 5, 2008 at 2:00 pm

    Someone told me 4 years ago to invest in gold – now I know why.

  22. Savvy Mode SG says

    August 5, 2008 at 2:46 pm

    gold price has gone from mid 300’s to 900’s, so yikes.

  23. Sal says

    August 5, 2008 at 2:47 pm

    DAMN. You know I admire you, WendyB, but this ups the ante. Having to shell out upfront to even get raw materials must be so rough. What a drag for you and your customers to see prices skyrocket. Bleh.

  24. Suzel says

    August 5, 2008 at 3:47 pm

    So this isn’t going to affect my birthday gift is it?

  25. stef m says

    August 5, 2008 at 4:48 pm

    i have a necklace just like that from the bubble gum machine! 50 cents and absolutely fake. i keep it hanging on the rear view mirror of my car). bling bling

  26. annabananna says

    August 5, 2008 at 5:53 pm

    hmpf, that’s really bad!

  27. Jill says

    August 5, 2008 at 6:05 pm

    For some reason I thought the price spike was a temporary thing, but it has not proven to be so thus far. I’m really getting tired of hearing those ‘trade in your gold for instant cash’ jingles.

  28. chauss says

    August 5, 2008 at 7:49 pm

    i wore my 1 oz krugerand on a leather cord today… and i won’t tell you how much i paid to fill my gas tank…

  29. altamiranyc says

    August 5, 2008 at 8:41 pm

    Wow, if your prices go up, will the consumer prices go up as well?

  30. Terren says

    August 5, 2008 at 9:07 pm

    that’s what i’m investing my roth in…gold!

    my boyfriend read somewhere that it’s actually wiser to invest your money on food – it yields a higher return than having it sit in a bank! inflation is nuts.

  31. WendyB says

    August 5, 2008 at 9:09 pm

    They sure will, Craig. And a lot of time the consumer doesn’t understand that even though prices are higher, the business owner isn’t making any more money because his/her cost is so high — sometimes the margin even worse than before prices went up. Airlines and fuel prices are a good example of that. They offer you less and less service and charge more and more, but they’re still bleeding red ink.

  32. Grant Miller says

    August 6, 2008 at 1:43 pm

    Should have bought it in Euros.

  33. Times of Glory says

    August 7, 2008 at 4:04 am

    Everything is pricing up and it gets worse when the exchange rate with Euro plays a part xxxxxxxxxx

  34. TheSundayBest says

    August 7, 2008 at 11:01 am

    Seems my dreams of custom jewelry have gone up like sub-prime mortgages.

  35. stacy says

    May 26, 2010 at 1:03 pm

    That’s sick. Nearly doubled.
    On a positive note, my anti-spam word is vampire!

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MEET WENDY BRANDES

Award-winning designer of fine jewelry inspired by women's history and pop culture. A former journalist who writes about jewelry, fashion, medieval history, news, feminism, dogs, cats and whatever else is on her mind. Blogging since 2007.
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