Finanical Crisis? Buy Rolex!

[Rottweiler]

Watches are never meant for investment. In this new age, Rolex produces so many watches that I don't think value will go up much much.....

Thanks Pal,

This is what I had been thinking. Rolex seem to be more on the "production" quantity with quality in mind seems to be flooding the market.

I guess its wise to buy something of your preferences and likes than considered as an investment.

Sigh.........

[lthg25]

Watches are never meant for investment. In this new age, Rolex produces so many watches that I don't think value will go up much much.....

[Rottweiler]

It will depreciate in the initial years then take awhile to recover

Thanks Bro.

Sigh....still can't decide which to buy...Rolex Deepsea or Pam 244K.

Would I say most Rolex and Pam watches would depreciate in the initial years before recovering?

But I notice Sea Dweller are floating around SG$6k plus for pre-owned. However not sure what's the price during for those series or years.

[Darkangel]

Fellows,

Wondering do watches really appreciate in value over years? Take Rolex for example:-

Brand New Rolex in 2009 = SG$10k

Down the road, if I need cash, I sell it off at year 2010. Would I get SG$10k more or less?

I know its still a value for my Rolex, question is how much would I get in return?

It will depreciate in the initial years then take awhile to recover

[Rottweiler]

Actually, I kinda subscribe to the 'invest in Rolex' mindset especially in current economic climate. Best is no need to sell, then give to my boy/girl in future. but if need to put milk powder on table, can sell.

But i also don't put all eggs in one basket, i try to buy some blue chip stocks to earn some dividends...

Fellows,

Wondering do watches really appreciate in value over years? Take Rolex for example:-

Brand New Rolex in 2009 = SG$10k

Down the road, if I need cash, I sell it off at year 2010. Would I get SG$10k more or less?

I know its still a value for my Rolex, question is how much would I get in return?

[Vedder007]

Actually, I kinda subscribe to the 'invest in Rolex' mindset especially in current economic climate. Best is no need to sell, then give to my boy/girl in future. but if need to put milk powder on table, can sell.

But i also don't put all eggs in one basket, i try to buy some blue chip stocks to earn some dividends...

[pet]

Chinese Yuan has appreciated more than 10% in 2 months... so you stopped looking for chinese mei mei?

wow, time to collect CMM ... hahahahhaa

[116520]

Chinese Yuan has appreciated more than 10% in 2 months... so you stopped looking for chinese mei mei?

sekali euros/ Sfr drop 30% ... thn can get cheaper rolex leow

[pet]

sekali euros/ Sfr drop 30% ... thn can get cheaper rolex leow

[seiko.citizen]

very true. that website i read, but please take the information with a pinch of salt.

[panerai7776]

Many of us also know that we are in "recession" now... many bro and sis want to know where they should invest their money during this period.... some say stocks, some say gold.... I say ROLEX!!!!

Don't believe me?

check this out:

http://www.news.com.au/business/stor...rom=public_rss

Hi bro, very interesting article. But I think that the article is very misleading. IMHO, not all Rolex watches are investment grade. Some are worth not even half of what they paid for 10 years ago. Factor in servicing and polishing costs, worse.

Just my 2cts.

[ejaan]

In the past year, the Icelandic krona has lost more than 40 per cent of its value

If the currency devalues at this rate, then cash is no more king. I too would go for something stable in terms of value.

[melfiz]

from this period of recession...it seems that the market out there is quiet,business is poor...now most people have second thoughts of spending..not even mention to buy luxury goods..best wise keep cash for time being...as my friends say cash is king now..

[wind128]

Thanks for the article.

I am a believer in diversification of risk, so looking at Rolex as an alternative form of "investment" seemed fine for me.

Cheers

[pet]

hahaha... hmmm... but i think i wont buy watch for now, see got opp... prop/ shares better..maybe can make $$ in the future to get more rolex...