Reuters reports that an entrepreneur in Dubai is now offering 24-carat gold tattoos. For $50 you can get one of the more simple designs but more elaborate ones go for $5,500. The gold body art reportedly lasts for about a week.
Gold is becoming wildly popular and people are finding ever more creative and interesting uses for the malleable yellow metal. Who knows, perhaps one day someone will come up with a really crazy use for gold, like as money or something.
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Everywhere we turn there is talk of Gold is replacing the Ink standard!
i wonder what gold powder would look like used as the main substance of a tattoo ink… you’d definitely not want to be one who is allergic to gold – not common but common enough that when i was doing a body piercing course this fact was brought up about initial piercing jewellery.
I doubt very much that it is even possible to be allergic to gold – its about as stable and unreactive a metal as its possible to get. Id guess the usual culprits would be the metals alloyed with gold. Wouldnt occur with 24k.
I think the way we are seeing gold in commercials, and new ways of using gold, and its growing popularity. These are all signs of a bubble that may very soon pop. What do you guys think?
It depends on if it’s an actual bubble or not. Given that gold has pretty much kept pace with the rate of money creation, I doubt we can classify this as an actual bubble. Bubbles tend to form where rates of return exceed the rate of monetary creation for an extended period of time.
I’d say it were a bubble if the government was stimulating the demand in some way or the fed was dropping interest rates and that is where the cheap money was flowing. Otherwise, it’s simply real consumer demand.
It isn’t a bubble.
The purchasing power of gold hasn’t changed in well over a century. It’s value in dollars is a reflection of the changing purchasing power of the dollar.
Two things can happen that will reduce the dollar value of gold per ounce. Real interest rates rising above 0% (that is when interest rates to save + true inflation > 0% as perceived by investors) Or two the US takes a strong currency stance and attempts to strengthen its currency value through deflation or tying the dollar to a commodity. Most likely the two things will happen together if the value of gold nominally is to fall. It is also possible that the market will demand higher interest on the government debt, but if the Fed continues to inflate the currency it could outpace the rising interest rates.
Either way, one cannot logically predict that gold will lower in nominal values. Not with current actions of the government and stable gold supply.
Will Ben Bernanke Get One Of Those 24 Carat Gold Tattoos?Chances are slim that Ben Bernanke will tattoo “END THE FED” on his forehead using 24-carat gold. The fact that the ‘stimulus’ only lasts one week (“The gold body art reportedly lasts for about a week.”) tempts his Keynesian tendencies though, since “we’re all dead in the long run!”
fwiw … this has been going on in the US for quite a while. It’s not a traditional “ink” tatoo but rather more like the “temporary” tatoos you see at fairs and festivals. I know, because my wife has been doing them, as have several other artists around the country. While they do not curretly have ay qold tatoo displays at thier site, if you have any questions you might go to either OhioBodyArt.com or AmerikanBodyArt.com.
ps. for those who flinch at that “k” … the owners name is Erika.
One name comes to mind:
GOLDFINGAAAAHHH!!!
feels like a SELLLL!!!!
it sounds an expensive one….
It seems pure gold tattoos are now available also in United States. An Italian fashion company (GoldSins) is starting to sell them in San Francisco: I tried one during a promo event and they are very trendy, even if the gold after 5 days disappears. But according to the make up artist who applied it to me this is the new luxury and the company itself confirm it as “new fashion philosophy” on the official website (www.goldsins.com).
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