Gorge or Lame? For $48 does it even matter??

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Oh my gosh! These Kate Spade Idiom bangles are conceptually pretty cool, however I was kind of blasé about them initially until I learned they are $48. $48!! I guess it’s not real gold, but they might be, as the engraving says, as good as gold. Or not, you know, after the zombie apocalypse people probably will trade for real gold, not Kate Spade bangles. But anyways, what do other people think of this? Is this a steal of a bangle? Or just a piece of nickel that’ll tarnish before breaking on my bangle rack?