Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Inflation
Old 08-02-2006, 01:25 PM   #41
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: Inflation

DW already told me to save the jewelry money for the kitchen remodel, she hates the kitchen and loves to cook, so I'm 100% behind this expenditure!
__________________

__________________
laurence is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Inflation
Old 08-02-2006, 02:05 PM   #42
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Inflation

There goes the BMI...* *
__________________

__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Inflation
Old 08-02-2006, 02:08 PM   #43
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: Inflation

Quote:
Originally Posted by Laurence
DW already told me to save the jewelry money for the kitchen remodel, she hates the kitchen and loves to cook, so I'm 100% behind this expenditure!
If only the wife would cook, I wouldn't mind a kitchen remodel so much. The extent of cooking in the house is usually boiling pasta or cooking taco meat once a week and microwaving other things the rest of the week. Not like you need the latest model of the 6-burner nat gas viking stainless steel stove for that!
__________________
justin is offline   Reply With Quote
Re: Inflation
Old 08-07-2006, 09:21 PM   #44
Dryer sheet aficionado
 
Join Date: Jun 2006
Posts: 27
Re: Inflation

Quote:
Originally Posted by brewer12345
FWIW, I priced as close as I could get to the ring I am buying on Blue Nile and the equivalent was coming out at over $10k.* Gives you an idea of the mark-ups, and that is without retail store overhead.
Another attractive and very cost effective option, found by accident after I was searching for an old camera, presented itself in a pawn shop.* Seems most folks want to purchase "new" diamonds instead of "old" diamonds (truly relative terms when speaking of diamonds formed tens of thousands of years ago) as found in pawned and not reclaimed rings and brooches.* Various conversations with pawnbrokers and independent research revealed this to be the case.* Thus, DW: wearing 20 yr anniversary ring with "old" high quality diamonds (no inclusions or feathers in table, F color) in new setting for way below "jeweler or wholesale" cost.* Me:* happy fellow eating and sleeping well with minor ding in wallet.* *
__________________
starboardtack is offline   Reply With Quote
Re: Inflation
Old 08-07-2006, 11:04 PM   #45
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Re: Inflation

Great idea!
Do you think the cuts have changed materially since the old days? I guess you're limited in selection, but if you just cruise the pawnshops looking for a decent sized rock, you can then remount it almost any way you like. Hmmm.... like that idea. What would you say is the savings as a percentage after you factor in a new setting -- is it 50% of what you were seeing for 'new' millions-of-years-old diamonds, (which would put it at around wholesale) or even better than that?
__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob is offline   Reply With Quote
Re: Inflation
Old 08-07-2006, 11:51 PM   #46
Recycles dryer sheets
 
Join Date: Jun 2004
Posts: 51
Re: Inflation

I have often heard what a great "investment" joolery was, but I don't see how unless you have the family connection. Who is going to buy your "old" stuff for more than you paid for it as the style will certainly be dated, or is this just another myth perpetuated by the DeBeers cartel? Just a thought
__________________
I'll be done Jan 1, 2015, but who's counting.
SonnyJim is offline   Reply With Quote
Re: Inflation
Old 08-07-2006, 11:59 PM   #47
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 1,375
Re: Inflation

I wear my grandmother's diamond ring and get a lot of compliments on it--the diamonds are small, but the setting isn't (and it makes the diamonds look larger), and it's unusual as well as beautiful. She was married in the 20s so I guess that's the style --she actually reset her own mother's or grandmother's diamonds. I wear no other wedding or engagement ring (neither does my husband--we didn't buy them). The metal is what they call "white gold"--but I don't really know what that is. The last time I got it cleaned, I asked the jeweler if that was a synonym for platinum or silver, and she said no.

I wouldn't buy jewelry as an investment--unless it's a famous, unique or otherwise special piece (belonged to royalty or a celebrity?), I don't think it appreciates more than inflation at best, or so I have heard.

EDIT white gold is an alloy of gold plus one or more silver-toned metals...basically an imitation of platinum:
http://en.wikipedia.org/wiki/White_gold
http://gilletts.com.au/information.php?info_id=26

hmm, I've never had the ring replated and I've been wearing it for 0ver 20 years.
__________________
You can't always get what you want, but if you try sometimes, you might find you get what you need.
astromeria is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 12:12 AM   #48
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Re: Inflation

White gold is produced by alloying the pure gold with a whitish metal. Nickel or palladium are often used, but I believe silver is sometimes used also.

Mot yellow carat golds OTOH are made by alloying the gold with copper. And of course, pure gold has the perfect color!

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Re: Inflation
Old 08-08-2006, 10:56 AM   #49
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Inflation

Quote:
Originally Posted by SonnyJim
I have often heard what a great "investment" joolery was,* but I don't see how unless you have the family connection.*
When my mother died, my father gave my spouse first pick from Mom's jewel box. I think that jewel boxes are personal items which tend to lay around in plain sight for years without their owners discussing their contents. I remember seeing Mom's jewel box on her dresser ever since I've had memories, but I was 36 when Mom died and Dad's offer to spouse was the first time I'd ever seen the inside of Mom's jewel box.

In the bottom tray we found three 1950s-style engagement rings, all with very flamboyantly large (valuable?) diamonds. This gave us the impression that Mom had been previously engaged at least three times, but she'd never discussed that with Dad! Spouse made her choice, we talked about the implications for a few minutes, the box was put away, and the subject was never revisited. I think the rings were sold but I guess I'll know more when we have to sort through Dad's jewelry box someday...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 11:08 AM   #50
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Re: Inflation

Quote:
Originally Posted by astromeria

hmm, I've never had the ring replated and I've been wearing it for 0ver 20 years.
I guess you wouldn't need to replate it, since it is a solid piece of the same alloy, that all got blended together when the metal was molten, right? (warning: sculptor bob starting to wade into metallurgy, an up-and-coming area of interest about which he knows nothing at all currently )
__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 11:21 AM   #51
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Inflation

Quote:
Originally Posted by ESRBob
I guess you wouldn't need to replate it, since it is a solid piece of the same alloy, that all got blended together when the metal was molten, right? (warning: sculptor bob starting to wade into metallurgy, an up-and-coming area of interest about which he knows nothing at all currently )
I read that white gold is plated with rhodium and is easily replated. It can get dull looking or scratch, I guess. Unlike platinum which develops a "patina." Learned all this last week during my purchase of a ring for the DW.

That constitutes my otherwise complete and utter lack of knowledge on the subject!
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 11:27 AM   #52
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Inflation

Heheh, I just got back from a retail jeweler with a story to tell. *DW's watch is a (low end) Raymond Weil, so the local place that sells Timex' and Casios won't touch it, even though all it needs is a battery. *So I went into a joorly store near work. *I work in a place that is VERY affluent. *Hedge fund central. *When I pull into the parking lot, I am very careful not to scrape the many Lexi, BMWs, Porsches, etc. parked there. *You get the picture.

While I was waiting for the battery change, I spotted an interesting looking ring. *It had a very clear, bright stone the color of ancient wine (purplish with a deep amber/brown tinge). *I asked if it was a diamond, and they took it out of the case for me to look at it (I was dressed up and actually shaved today). *The guy said it was an estate diamond from the 1920s, and I had never seen anything like it in a colored diamond. *It was about 1.5 carats, maybe a touch more, and set with two other diamonds that were .75 to 1 carat each, all nice stones. *"Its a great buy", he said, "Only $32,000."

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 01:19 PM   #53
Full time employment: Posting here.
flipstress's Avatar
 
Join Date: Jun 2004
Posts: 537
Re: Inflation

Wow, $32,000!* That's over 1/4 of the purchase cost of our 1260-sq ft house in 2000.

I haven't had the money to spend on real jewelry, and I have no desire to save up and buy some either.* I think in all my working years, I've bought one real gold chain and a couple of Seiko watches.* The stuff I buy is costume jewelry.

My mom has given me four rings with stones--I think they're diamonds but growing up, I heard her stones termed as "diamante" and "brilliante" so I don't know which I got.* She's also given me a pair of earrings with same stones, a few gold rings, and gold necklaces.

Jewelry was a store of value where I come from, so that's probably why my dad bought her quite a few pieces--that, and love, of course He did buy some for himself, too.* Jewelry and land were what people invested in.* All our land has been sold off in the lean years.

No man has given me diamond jewelry.* The men I've dated are not well off.* Hmmm...maybe I should start finding jeweler's sons.* Anyway, I don't expect it.* I have enough and I'm afraid to wear them for fear of losing the stones.* (I know I've gotta get the settings checked.)

Your wives receiving them will feel pretty special, though.
__________________
flipstress is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 01:42 PM   #54
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Re: Inflation

Quote:
Originally Posted by flipstress
No man has given me diamond jewelry.* The men I've dated are not well off.* Hmmm...maybe I should start finding jeweler's sons.* Anyway, I don't expect it.*
Why not go straight to the headwaters and choose a jeweler himself?*

Better yet, choose an oilman and have him give you a nice 1000 bpd well. Then you can buy all the jewelry you might like, plus most anything else too.


Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Re: Inflation
Old 08-08-2006, 01:46 PM   #55
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 1,375
Re: Inflation

"Diamonds are a Girl's Best Friend"
from GENTLEMEN PREFER BLONDES (1953)
words by Jule Styne and music by Leo Robin

The French are glad to die for love.
They delight in fighting duels.
But I prefer a man who lives
And gives expensive jewels.

A kiss on the hand
May be quite continental,
But diamonds are a girl's best friend.

A kiss may be grand
But it won't pay the rental
On your humble flat
Or help you at the automat.

Men grow cold
As girls grow old,
And we all lose our charms in the end.

But square-cut or pear-shaped,
These rocks don't loose their shape.
Diamonds are a girl's best friend.

Tiffany's!
Cartier!
Black Starr!
Frost Gorham!
Talk to me Harry Winston.
Tell me all about it!

There may come a time
When a lass needs a lawyer,
But diamonds are a girl's best friend.

There may come a time
When a hard-boiled employer
Thinks you're awful nice,
But get that ice or else no dice.

He's your guy
When stocks are high,
But beware when they start to descend.

It's then that those louses
Go back to their spouses.
Diamonds are a girl's best friend.

I've heard of affairs
That are strictly platonic,
But diamonds are a girl's best friend.

And I think affairs
That you must keep liaisonic
Are better bets
If little pets get big baguettes.

Time rolls on,
And youth is gone,
And you can't straighten up when you bend.

But stiff back
Or stiff knees,
You stand straight at Tiffany's.

Diamonds! Diamonds!
I don't mean rhinestones!
But diamonds are a girl's best friend.
__________________
You can't always get what you want, but if you try sometimes, you might find you get what you need.
astromeria is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 01:56 PM   #56
Full time employment: Posting here.
flipstress's Avatar
 
Join Date: Jun 2004
Posts: 537
Re: Inflation

Quote:
Originally Posted by HaHa
Why not go straight to the headwaters and choose a jeweler himself?*

Better yet, choose an oilman and have him give you a nice 1000 bpd well. Then you can buy all the jewelry you might like, plus most anything else too.


Ha
I wonder if Brewer's dad is available?* *

Well, HaHa, one of these days, I'll take sailing lessons.* Maybe that'll open up my horizons and I'd meet men of substance (oil, diamonds, gold, and other precious metals and commodities.)* 8)

Actually, I really would like to learn to sail because it was so peaceful the one time I got invited out on a sailboat ride...
__________________
flipstress is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 02:11 PM   #57
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 473
Re: Inflation

Quote:
Originally Posted by astromeria
"Diamonds are a Girl's Best Friend"
from GENTLEMEN PREFER BLONDES (1953)
That may help explain why, after checking diamond prices,* GENTLEMEN MARRY BRUNETTES (1955)*
__________________
Scrooge is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 02:36 PM   #58
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Inflation

As Dolly Parton said, when asked if blondes were dumb: "I know I'm not dumb, and I also know I'm not blonde..."
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Inflation
Old 08-08-2006, 09:23 PM   #59
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,318
Re: Inflation

Quote:
Originally Posted by brewer12345
So I went into a joorly store near work. I work in a place that is VERY affluent. Hedge fund central. When I pull into the parking lot, I am very careful not to scrape the many Lexi, BMWs, Porsches, etc. parked there. You get the picture.
Brewer,
Sounds a lot like Greenwich, CT. If it is, then I'm about 5 minutes away -- PM me and we can go have lunch sometime. I'll pull my 10-year-old minivan in between the Lexi and Porsches and we can enjoy looking at the $32,000 rings walking by on the sidewalk...
__________________
ER for 10 years; living off 4.3% of savings (and a few book royalties ;-)
ESRBob is offline   Reply With Quote
Re: Inflation
Old 08-09-2006, 04:54 AM   #60
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
Re: Inflation

flipstress, (at least in Italian) a 'diamante' and a 'brillante' are the same thing (yay!).* Or rather, 'brillante' is a name for the stone once it's been cut.

My MIL had 2 big diamond earrings and she wanted to give them to me to trade in for a single engagement ring stone. I don't know how many carats they are but each one is about 8.5mm in diameter. I told her we'd lose a lot of the value in the buying and selling, and, even if that weren't so, with the money from the 2 stones you wouldn't get a stone that was 2x as big, or even 1.5x.. so we made one into the engagement ring and the other into a pendant, and I scored a few points in the 'frugal' department with MIL!!!

Where I live people can be snobbish; they are ready to write me off as a bag lady until they see the big rock, so I get better treatment in certain contexts... (unfair but true, I see that people do notice). I wouldn't have insisted on going out and purchasing a big ring, but it has already "paid" for itself.. a la Mastercard:

Diamond ring: $10,000
Being able to get away with looking frumpy every day: priceless.*

__________________

__________________
ladelfina is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Inflation and market performance Rich_by_the_Bay FIRECalc support 6 07-08-2006 06:56 AM
Panama Inflation Arif FIRE and Money 7 04-19-2006 08:39 AM
Controlling Inflation: The Taylor Principle wabmester FIRE and Money 19 10-11-2005 10:44 PM
Inflation and CPI sgeeeee FIRE and Money 6 01-21-2005 08:18 PM
Retiree Inflation Rate? mccl FIRE and Money 4 05-13-2004 08:51 AM

 

 
All times are GMT -6. The time now is 09:07 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.