[Brooklyn Mark]

Anyone into gold coins?

[ejazbmw]

watches are not a investment...unless you get an all gold one or some vintage rolex, watches don't appreciate.

[Delta0311]

Originally Posted by ejazbmw

watches are not a investment...unless you get an all gold one or some vintage rolex, watches don't appreciate.

Unless you're sporting something like a $100k+ Patek Philippe watch.

[gtron]

Originally Posted by ejazbmw

watches are not a investment...unless you get an all gold one or some vintage rolex, watches don't appreciate.

was gonna say

[smares21]

Originally Posted by ejazbmw

watches are not a investment...unless you get an all gold one or some vintage rolex, watches don't appreciate.

B.S.

Watches fluctuate with the economy, just like any other luxury good/commodity.

During the depths of the recession, I picked up a mint, recent model DSSD for $5600. Same model is now selling on the open market for around $8000-8500 in like condition.

They may or may not continue to appreciate over time, but they are certainly classifiable as investment opportunities when purchased correctly.

[BEM-S4]

Originally Posted by smares21

B.S.

Watches fluctuate with the economy, just like any other luxury good/commodity.

During the depths of the recession, I picked up a mint, recent model DSSD for $5600. Same model is now selling on the open market for around $8000-8500 in like condition.

They may or may not continue to appreciate over time, but they are certainly classifiable as investment opportunities when purchased correctly.

Few and far between, but yes there are some rare buying opportunities out there. That said on the preowned side of things values are relatively stable once a piece hits the secondary market.

[ejazbmw]

Originally Posted by smares21

B.S.

Watches fluctuate with the economy, just like any other luxury good/commodity.

During the depths of the recession, I picked up a mint, recent model DSSD for $5600. Same model is now selling on the open market for around $8000-8500 in like condition.

They may or may not continue to appreciate over time, but they are certainly classifiable as investment opportunities when purchased correctly.

watches are luxury goods makers like rolex, omega or whatever don't price according to the economy. If you've noticed brands like rolex and omega increase their prices every year regardless of the economy.

[BEM-S4]

Originally Posted by ejazbmw

watches are luxury goods makers like rolex, omega or whatever don't price according to the economy. If you've noticed brands like rolex and omega increase their prices every year regardless of the economy.

sure but the secondary market does fluctuate with the economy for that exact reason. regardless of what you pay for a watch new, it's what you can sell it for that determines its value.

[Brosef]

Originally Posted by smares21

B.S.

Watches fluctuate with the economy, just like any other luxury good/commodity.

During the depths of the recession, I picked up a mint, recent model DSSD for $5600. Same model is now selling on the open market for around $8000-8500 in like condition.

They may or may not continue to appreciate over time, but they are certainly classifiable as investment opportunities when purchased correctly.

I did the same thing. Only I bought new for a little over 7. Either way, the fact that a watch I bought new is now worth more despite now being in used condition is awesome. it certainly doesn't hurt that the economy is slightly better and, more importantly, the dollar has weakened, which has raised US MSRP's for imported goods.

[marvin100]

Why is this post in this sub forum?