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. You might also like Wednesday's Video: So, You Wanna Start a Jewelry Biz!New Collection: ANZA PURE by Wendy BrandesThrowback Thursday: Even More Couture
*sigh* The times they are a-changing.
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?
Sister Wolf says
But did you put the blingy dollar sign on it? Are you gonna get a platinum grill? I’m excited!
wow!!it is a fashion statement
Sharon Rose says
Yes, gold has certainly rocketed!!
oh my goodness… everything, everything is getting so expensive!
Rice and Beans Vintage Clothing says
WOW, that’s amazing…tough.
pretty face says
That’s so scary!
Sister Wolf, what self-respecting fashionista DOESN’T have a nice diamond grill?
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.
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!
OUCH OUCH OUCH!
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.
prices really are rising insanely, i feel the pinch.
Miss Janey says
Introducing Miss Wendy’s ChaChing Bling.
I am probably the only one who doesnt think that was to bad. However I live in Norway, were everything is expensive.
fashion herald says
Oof, i remember when gold was cheap. hmm, i may actually be able to hawk something in my jewelry box now…
yup everything is going up wayy up
Make Do and Mend says
Someone told me 4 years ago to invest in gold – now I know why.
Savvy Mode SG says
gold price has gone from mid 300’s to 900’s, so yikes.
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.
So this isn’t going to affect my birthday gift is it?
stef m says
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
hmpf, that’s really bad!
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.
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…
Wow, if your prices go up, will the consumer prices go up as well?
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.
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.
Grant Miller says
Should have bought it in Euros.
Times of Glory says
Everything is pricing up and it gets worse when the exchange rate with Euro plays a part xxxxxxxxxx
Seems my dreams of custom jewelry have gone up like sub-prime mortgages.
That’s sick. Nearly doubled.
On a positive note, my anti-spam word is vampire!