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Watch investment - a way to save money from inflation?

Discussion in 'General Chat' started by Asterion, Nov 28, 2022.

  1. Asterion

    Asterion Active Member

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    #21
    I totally agree with you. That is why I don't understand the talk about the Rolex that some members of this forum offer me to buy at a price three times cheaper. This is not a watch investment at all, but simply the purchase of a stolen watch. And then, as I said, most likely you will be sold a fake Rolex under the guise of a stolen Rolex. Therefore, let's leave this topic.

     
    Asterion, Dec 29, 2022 IP
  2. Asterion

    Asterion Active Member

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    #22
    This is great. Which Rolex did you buy and how much has it increased in price now?

     
    Asterion, Dec 29, 2022 IP
  3. Spoiltdiva

    Spoiltdiva Acclaimed Member

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    #23
    Absolutely ridiculous and demonstrates your lack of how Rolex watches work. A fake Rolex watch has a second hand that ticks each second. A real Rolex watch second hand is smooth and never stops.
     
    Spoiltdiva, Dec 29, 2022 IP
  4. Starmorph

    Starmorph Peon

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    #24
    I have the Rolex Explorer I 39mm which is in the Oyster Perpetual family. its roughly $7-11k depending on quality of source. It has only been 1 year and hasn't increased in price. However, 1. I'm happy with how it is holding it's value 2. they aren't making the model/size I have anymore so it will become more rare over the longterm.
     
    Starmorph, Dec 29, 2022 IP
  5. Asterion

    Asterion Active Member

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    #25
    Yes, these watches will definitely go up in price. Do you wear them or prefer to keep them new?

     
    Asterion, Jan 30, 2023 IP
  6. Bob13

    Bob13 Peon

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    #26
    I think it's a great idea. I've been thinking about it for a while now, and I realize that it's true that watches from a brand like Rolex only get more expensive. It works like the principle of investing in precious metals and stones. It is clear that you will not make money on this, but as a variant of capital preservation, it is interesting. The more so because watches, gold and diamonds are not subject to inflation, like money. After all, if you keep a sack of money at home, in 50 years you won't be able to buy anything useful for it. But gold and diamonds will retain the value of that money, and the watch option will most likely increase the amount of that money. Because the value of it might go up. The chance of course is not great plus you just need to keep the watch and not use it. I think it's generally worth considering. If I had that much money to store somewhere. I would do exactly that.
     
    Bob13, Mar 9, 2023 IP