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11.20.2007

Gold diggers may not get jewelry for holidays

NEW YORK - Gold necklaces, earrings and bracelets may be crossed off some gift lists this holiday season: With gold close to $800 an ounce, these perennial presents may be too much for some shoppers.

Everything is so expensive. Businesses are complaining about a lack of consumer spending yet prices continue to rise. I thought inflation was an effect of demand outweighing supply.

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