Does the price of gold effect the rolex market place

[V.lats97nsx]

Im sorry if this has been brought up. I was wondering if the price of gold effect the cost of our gold rolex's. Since I see some sellers putting them on a scale etc. When gold was at its highest did prices jump a little? Maybe some sellers can chime in.

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[mdw3]

No.

[MonBK]

Yes

[crowncollection]

Can do a bit IMHO

[waspy1]

What it seems to have done is affect the availability of gold bracelets and hence the price of these. I think a lot of these have been sold for scrap. Almost all watches are now sold sans bracelet.


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[MonBK]

Originally Posted by waspy1

What it seems to have done is affect the availability of gold bracelets and hence the price of these. I think a lot of these have been sold for scrap. Almost all watches are now sold sans bracelet.

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Exactly what I meant and the ones selling now are with over the top prices.

[Darlinboy]

IMO, the price of gold serves as a floor on the value of the watch, where the reference would otherwise sell for less based on market demand.

[JohnBaker3]

Originally Posted by Darlinboy

IMO, the price of gold serves as a floor on the value of the watch, where the reference would otherwise sell for less based on market demand.

Interestingly, the spot market for gold (about $1300 per oz) is probably LESS than the cost of mining it.

Many gold miners (and silver miners too) are posting quarterly loses over the past few periods. At some point, the price either goes up, or prduction comes to a screeching slow-down.

Long term, I think the real market prices have to go up. Most of the blogs I read, say the fair market value is at least $5 to $7K an ounce.

Take the red pill to find out why.....in the mean time, I think any hoarding of gold (including Rolex watches) is a great way to preserve your wealth !

Be safe.

[nickb732]

No

[Kingair]

Yes . . . if Mon say so . . .

HAGOne

[mdw3]

The only watches whose prices will be directly affected by changes in the price of gold are total garbage (that is, worth more dead than alive). I would hope that no one reading this section of the forum is buying or selling such low-quality items whose value is solely determined by their precious metal content. For reference purposes, the actual gold content in most mundane Rolex Datejust or Day-Date watch heads is less than 1/3 their trading value. And no, I wasn't being asked to pay more for ordinary 1803 watches at $1700 than at $1350 per ounce.

Michael

[T. Ferguson]

Put it this way, gold can fluctuate up or down but Rolexes don't. The PepC just came out at relatively low gold prices, and look at the MSRP.

[V.lats97nsx]

So rolex gold is ahead with inflation. Always ahead of lets say scrap gold?

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