Chanel probably doesn’t care that commodity prices are actually increasing. Its fall makeup collection features gold as prominently as Gwen Stefani features red lipstick.

You can toss that bottle of Black Satin nail polish out the window (too bad you spent your theatre money on getting that limited edition bottle last year, but maybe you can use it for the Jackson Pollock creation you’ve always wanted to do).

You can get a shimmery gold nail polish called Gold Fiction for $30; or get the Nail Vernis colors for $19 each. (Les Vernis Nail Colors come in Kaleidoscopic, a greenish gold metallic like a metallic version of the ROTC uniform; and Fantastic, a deep wine color like the kegged Burgundy in Bordeaux).

Peter Philips, the new makeup designer, has created everything gold for the fall makeup collection, including two limited-edition gold items. The Gold Fever face powder goes for $50.

Of course the trick is to use the makeup judiciously so you don’t end up looking like the Oscar Statue.

Available in July, at www.chanel.com and fine department stores.