Math. 19: Jesus said unto him, If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me.  But when the young man heard that saying, he went away sorrowful: for he had great possessions.
This Is a very important subject concerning our dress and the owning of worldly things. The scripture teaches love not the world or the things of the world, If any person loves the world and the things of the world the love of the father is not in him.
The scripture Is very clear about we are not to dress ourselves in anything that is expensive. If we are not to dress in expensive dress then we are not to own anything expensive. We are also not to own anything we don’t need.
The bible say with food and raiment we are to be content.In the bible using the word gold we understand that we are not to dress in expensive dress. A meek spirit don’t wear or own expensive things.
Note here the scripture says gold and pearls or costly array. It don’t say jewelry, although jewelry is extreme dressing and a lot is costly.We are to sell everything we don’t have need of and give to the poor.
1 Peter 3:3: Whose adorning( Dressing) let it not be that outward adorning( Dressing) of plaiting the hair, (Interweaving and knotting of the hair) and of wearing of gold,(Expensive things) or of putting on of (expensive) apparel;
: But let it be the hidden man of the heart, in that which is not corruptible, even the ornament of a meek and quiet spirit, which is in the sight of God of great price.
1 Tim.2:9: In like manner also, that women adorn (Dress) themselves in modest (descent,not extreme) apparel, with shamefacedness and sobriety; not with broided hair, or gold, or pearls, or costly array;
Acts2:44: And all that believed were together, and had all things common; 45: And sold their possessions and goods, and parted them to all men, as every man had need
Acts4:32: And the multitude of them that believed were of one heart and of one soul: neither said any of them that ought of the things which he possessed was his own; but they had all things common.
33: And with great power gave the apostles witness of the resurrection of the Lord Jesus: and great grace was upon them all.
34: Neither was there any among them that lacked: for as many as were possessors of lands or houses sold them, and brought the prices of the things that were sold,
35: And laid them down at the apostles’ feet: and distribution was made unto every man according as he had need.
1 Tim.6:5: Perverse disputings of men of corrupt minds, and destitute of the truth, supposing that gain is godliness: from such withdraw thyself.6: But godliness with contentment is great gain. 7: For we brought nothing into this world, and it is certain we can carry nothing out.8: And having food and raiment let us be therewith content