To Dear

[weecalf]

Just been thinking that items are priced far higher than they should be so as only people who have lots of money can buy them .The makers can call them exclusive be cause they can only be bought by people with lots of money .So it that fair .That how gold diamond have kept their high price .

[snags]

May not be fair but it's all about Supply and Demand. If people are willing to buy at a higher price why would the seller sell for less?

[woofgang]

Gold and diamonds also have value because of their industrial uses, and, of course, there are extraction, design and manufacturing costs but anything is only worth what someone will pay for it. How can you (or anyone else) say what a price "should" be?

[Frank97]

That's capitalism for you!

[weecalf]

Not complaining but was thinking that the price of the item does not reflect the value.Agree Wolfgang an item is only worth what some one wants to pay for it .Why can someone who wants the item not get it for its real price.

[Baldric]

So what are you saying,
You want to devalue other peoples investments because you can't
afford them?
Wouldn't be a lot of point in investing if that happened would there?

[woofgang]

what is its "real price"?

[hc4361]

High end, high price goods classed as exclusive aren't manufactured in the millions like cheap Primark tshirts and jeans.
The highest quality material is sourced, a designer has to be paid. The goods will be hand finished and minutely inspected. Any fault and the item is scrapped, not sold as 'second' or 'reject'.
Add on the very high costs of advertising. They're not advertised in the Sun or the back pages of TV Quick.

If a person wants to pay £3k for a handbag, that's fine by me. There are plenty of adequate bags available in the sub £20 price bracket.

As for gold that is a high demand item world wide. It's world markets that keep the price high and you can be sure the price will go down. It always does.
Anyway, if it were as cheap as stainless steel nobody would want it as jewellery. It is also used in medicine, electronics and it's even used on the visors of spacemen's helmets.

We are fortunate that we can get most necessities at a reasonable price but if you want to pay for labels the choice is out there.

[jno]

the value of gold and diamonds lies in their rarity. All the gold in the world in all of history would fit into a cube 20 metres long (depending on which source you believe).