May 6, 2009

News flash: The gold standard is back!

Okay, we all know times are tough, and lots of shoppers simply don't have the cash on hand to spend the way they used to. The solution? Give it to them. Forget coupons – sportswear mini-chain Olive and Bette's is now accepting gold as payment, reports the NY Times, with licensed gold buyers on site at each of its four Manhattan locations to weigh unwanted jewelry and offer money for it on the spot. Similarly, organic denim brand Loomstate is teaming with jewelry designer Jill Platner for an event tonight at which guests can turn in their gold in exchange for store credit  – valid at Jill Platner, naturally. 

Photo via NY Times

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