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InTime · 19 December 2011, 06:28 AM

anyone see deflation in luxury goods or clothing????

seems like jewerly cannot be unloaded fast enough.

bradiowausa · 19 December 2011, 07:25 AM

No - that was 2009. Look at sub prices - you could get a stainless sub for $5,000 back then. Now, you're lucky to get one for $7,500. I went to buy a ring at a typical mall jeweler and there was no gold around - all silver, P4, and maybe 10k "gold" for a hugely inflated price. Remember when you could get gold at walmart?

bgriz · 19 December 2011, 09:25 AM

Deflation? Maybe in Antarctica, not in the U.S.

swatty · 19 December 2011, 09:28 AM

Yep, this morning

67915722_ee13b32bdd.jpg

77T · 19 December 2011, 10:34 AM

Luxury goods? No deflation detected - in fact the number of millionaires and billionaires in US is rising.

The number of people who have to sell their jewelry is increasing as their unemployment coverage is expiring at end of 2011 - so they're monetizing it. But most of it is bought for scrap gold and breakup of precious stones. No impact on the luxury lines IMHO.

19 December 2011, 06:28 AM	#1
InTime Banned Join Date: Nov 2011 Location: BermudaAntarctica Posts: 892	deflation???? anyone???? anyone see deflation in luxury goods or clothing???? seems like jewerly cannot be unloaded fast enough.

19 December 2011, 09:25 AM	#3
bgriz "TRF" Member Join Date: Nov 2007 Real Name: Brian Location: Chicagoland Watch: ing the markets Posts: 2,194	Deflation? Maybe in Antarctica, not in the U.S. __________________ 126600 SD43 Red 126710BLRO GMT II PEPSI 178274 Midsize DJ Rhodium/Roman- Hers 126334 DJ41 in blue, fluted, on jubilee 116509 Daytona WG Panda 114060 Sub no date 126621 YM Chocolate dial Root Beer 126710BLNR Batman 126613LB Bluesy 126711CHNR GMT II Root Beer

19 December 2011, 10:34 AM	#5
77T 2025 TitaniumYM Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,580	Luxury goods? No deflation detected - in fact the number of millionaires and billionaires in US is rising. The number of people who have to sell their jewelry is increasing as their unemployment coverage is expiring at end of 2011 - so they're monetizing it. But most of it is bought for scrap gold and breakup of precious stones. No impact on the luxury lines IMHO. __________________ Does anyone really know what time it is?

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19 December 2011, 07:25 AM	#2
bradiowausa "TRF" Member Join Date: Feb 2009 Real Name: Brad Location: Iowa Watch: Air-King Posts: 625	No - that was 2009. Look at sub prices - you could get a stainless sub for $5,000 back then. Now, you're lucky to get one for $7,500. I went to buy a ring at a typical mall jeweler and there was no gold around - all silver, P4, and maybe 10k "gold" for a hugely inflated price. Remember when you could get gold at walmart?

19 December 2011, 09:28 AM	#4
swatty 2025 TitaniumYM Pledge Member Join Date: Dec 2007 Real Name: Peter Location: Sydney Watch: The Game Posts: 17,416	Yep, this morning 67915722_ee13b32bdd.jpg

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