ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

cl600599 · 12 July 2013, 02:15 PM

When the driving factor of price (which is gold) decreases, shouldn't that mean rolex will lower their prices of gold watches???????

I will be very upset if rolex keeps their prices the same when their costs significantly decrease.

i want to buy a solid gold rolex, but the prices are extraordinarily high because of gold being high.

I want to wait till rolex lowers their prices of solid gold models down a few thousand dollars and then buy

WHAT DO YOU GUYS THINK ABOUT GOLD BEING A FACTOR IN ROLEX'S PRICES???

codecow · 12 July 2013, 02:20 PM

Nope, the main factors driving the price in my opinion are demand and to an extent labor. If the watches are selling at current prices they're only going to go up regardless of the material costs.

NKflyer · 12 July 2013, 02:27 PM

I think I remember reading somewhere that there is only the equivalent of 3-4 troy ounces of 24k gold (remember that Rolex is 18k) in a solid gold rolex depending on whether it's a president or sport model. This includes the bracelet. So a few hundred dollar price change x 3 ounces = no big deal.

rolexington · 12 July 2013, 02:28 PM

There is also a difference between physical gold prices and the paper price.

c.rod · 12 July 2013, 02:28 PM

rolex and lowering prices do not, and will not EVER be in the same sentence..... lmao

Billywiz · 12 July 2013, 03:32 PM

Be interesting if Rolex stock pile when prices low...would make sense.

blackout · 12 July 2013, 04:31 PM

Nah, wont happen. Prices will only go up.

MonBK · 12 July 2013, 04:32 PM

Squat!

kilyung · 12 July 2013, 04:45 PM

Prices are never going to drop.

GermanyMatt · 12 July 2013, 05:45 PM

Quote:

Originally Posted by monbk

squat!

+1

Sean.UK · 12 July 2013, 05:48 PM

Best you could hope for is that prices don't rise as soon or as steep as they otherwise might have. Which would give a buyer more time to save.
And I wouldn't bank on that. And there is no way of knowing anyway.

bayerische · 12 July 2013, 06:24 PM

Shouldn't Tiffany then change their prices "a bit".

Even if gold goes down, Rolex won't follow.

Singslinger · 12 July 2013, 08:04 PM

No chance of a price decrease. As someone before me said, the best we can hope for is that they don't raise prices as often.

tattooedfagin · 12 July 2013, 08:07 PM

might stand a chance of a slightly better deal on a pre-owned perhaps but RRP, no chance

Johny · 12 July 2013, 08:09 PM

which model of rolex gold watch are you considering buying?

Jake B · 12 July 2013, 08:12 PM

If Rolex watches were sold by weight, then sure....but this is the real world.

HL65 · 12 July 2013, 08:14 PM

Good luck but it doesn't work that way so I guess you are going to be very upset.

chicfarmer1 · 12 July 2013, 10:02 PM

Quote:

Originally Posted by cl600599

I want to wait till rolex lowers their prices of solid gold models down a few thousand dollars and then buy

Why not negotiate for one and pay less than MSRP? Why not buy preowned and pay less than MSRP?

Puffy · 12 July 2013, 10:03 PM

Gold will hit $1000 and quite possibly $800 if $950 resistance is broken

Nycturbovr6 · 12 July 2013, 10:07 PM

Rolex won't drop in price

datejusting · 12 July 2013, 10:10 PM

I have been wearing Rolex for 28 years an do not remember a single price decrease.

padi56 · 12 July 2013, 10:22 PM

Quote:

Originally Posted by Jake B

If Rolex watches were sold by weight, then sure....but this is the real world.

Have to agree and gram for gram Rolex must be one of the most expensive around today.

Grey.Coupe · 12 July 2013, 10:32 PM

Rolex prices are determined far more by corporate profit targets than raw materials costs...

Rashid.bk · 12 July 2013, 10:36 PM

It means Rolex will stockpile gold while low, as far as watch prices...see what Monbk said.

Pix · 12 July 2013, 11:06 PM

Back in the day when silver prices skyrocketed, film prices shot up...when the price of silver fell film prices stayed at the inflated price.

tom2517 · 12 July 2013, 11:34 PM

Maybe this is an extreme example, but a PP steel minute repeater is not cheaper than the gold equivalent, that tells you all you need to know about how much raw material cost really matters.

watchwatcher · 13 July 2013, 01:01 AM

Nothing.

jwill051 · 13 July 2013, 01:01 AM

Spot price of gold will have no impact on price of gold Rolex

SearChart · 13 July 2013, 01:09 AM

The price doesn't necessarily have to drop, but it would be nice if they didn't increase it for five years.

gulfstream69xr7 · 13 July 2013, 01:10 AM

Should have zero impact at all.

Selling price is based on total margin maximization and elasticity.

Gold could fall through the floor, but if people keep on buying a given watch a given price, they will not lower the price.

The reverse holds true to the point of negative margin.

12 July 2013, 02:15 PM	#1
cl600599 Member Join Date: Jul 2011 Location: illinois Posts: 17	Gold prices at $1283 what will this mean for gold rolex models????? When the driving factor of price (which is gold) decreases, shouldn't that mean rolex will lower their prices of gold watches??????? I will be very upset if rolex keeps their prices the same when their costs significantly decrease. i want to buy a solid gold rolex, but the prices are extraordinarily high because of gold being high. I want to wait till rolex lowers their prices of solid gold models down a few thousand dollars and then buy WHAT DO YOU GUYS THINK ABOUT GOLD BEING A FACTOR IN ROLEX'S PRICES???

12 July 2013, 04:32 PM	#8
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,281	Gold prices at $1283 what will this mean for gold rolex models????? Squat!

12 July 2013, 06:24 PM	#12
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	Shouldn't Tiffany then change their prices "a bit". Even if gold goes down, Rolex won't follow. __________________ Yeah, well, you know, that's just, like, your opinion, man.

12 July 2013, 08:07 PM	#14
tattooedfagin "TRF" Member Join Date: Jan 2010 Real Name: Chad Location: the neighbourhood Watch: 1680 Red Posts: 2,262	might stand a chance of a slightly better deal on a pre-owned perhaps but RRP, no chance __________________ SS Sub Date (F) DSSD (V) Red Sub (Mk4) TRF Hall of Fame

12 July 2013, 08:09 PM	#15
Johny "TRF" Member Join Date: Mar 2010 Real Name: john Location: Scotland Watch: sub 16610Lv Posts: 13,523	which model of rolex gold watch are you considering buying? __________________ "AFTER DARK" BAR AND NIGHT CLUB GM.

12 July 2013, 02:20 PM	#2
codecow "TRF" Member Join Date: Feb 2013 Real Name: Louis Location: Bay Area, CA Watch: PP 5131R Posts: 4,768	Nope, the main factors driving the price in my opinion are demand and to an extent labor. If the watches are selling at current prices they're only going to go up regardless of the material costs.

12 July 2013, 02:27 PM	#3
NKflyer "TRF" Member Join Date: Jan 2012 Real Name: Richard Location: Colorado Posts: 2,834	I think I remember reading somewhere that there is only the equivalent of 3-4 troy ounces of 24k gold (remember that Rolex is 18k) in a solid gold rolex depending on whether it's a president or sport model. This includes the bracelet. So a few hundred dollar price change x 3 ounces = no big deal.

12 July 2013, 02:28 PM	#4
rolexington "TRF" Member Join Date: May 2012 Real Name: Bobby Location: Newport Beach, CA Watch: the sun Posts: 124	There is also a difference between physical gold prices and the paper price.

12 July 2013, 02:28 PM	#5
c.rod "TRF" Member Join Date: May 2012 Location: Midwest Posts: 1,252	rolex and lowering prices do not, and will not EVER be in the same sentence..... lmao

12 July 2013, 03:32 PM	#6
Billywiz Banned Join Date: May 2013 Real Name: John Location: Florida Watch: YG President Posts: 2,090	Be interesting if Rolex stock pile when prices low...would make sense.

12 July 2013, 04:31 PM	#7
blackout "TRF" Member Join Date: Mar 2010 Location: Everywhere Watch: SubC LN & LV Posts: 743	Nah, wont happen. Prices will only go up.

12 July 2013, 04:45 PM	#9
kilyung 2024 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,870	Prices are never going to drop.

12 July 2013, 05:48 PM	#11
Sean.UK "TRF" Member Join Date: Dec 2011 Location: England Posts: 103	Best you could hope for is that prices don't rise as soon or as steep as they otherwise might have. Which would give a buyer more time to save. And I wouldn't bank on that. And there is no way of knowing anyway.

12 July 2013, 08:04 PM	#13
Singslinger "TRF" Member Join Date: Sep 2008 Location: singapore Posts: 6,422	No chance of a price decrease. As someone before me said, the best we can hope for is that they don't raise prices as often.

12 July 2013, 08:12 PM	#16
Jake B "TRF" Member Join Date: Apr 2011 Location: Hong Kong Watch: Gold Sub 116618LN Posts: 2,820	If Rolex watches were sold by weight, then sure....but this is the real world. __________________ Things are more like they are now than they ever were before.

12 July 2013, 08:14 PM	#17
HL65 TRF Moderator & 2024 DATE-JUST41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 63,389	Good luck but it doesn't work that way so I guess you are going to be very upset. __________________ *SPEM SUCCESSUS ALIT*

12 July 2013, 10:03 PM	#19
Puffy "TRF" Member Join Date: Oct 2009 Location: Here and there Posts: 12,485	Gold will hit $1000 and quite possibly $800 if $950 resistance is broken __________________ Fine Quality is Long Remembered After the Pain of Spending Money is Forgotten

12 July 2013, 10:07 PM	#20
Nycturbovr6 "TRF" Member Join Date: Aug 2012 Location: New York Posts: 7,630	Rolex won't drop in price

12 July 2013, 10:10 PM	#21
datejusting "TRF" Member Join Date: Jul 2012 Real Name: Al Location: USA Watch: Rolex Posts: 1,153	I have been wearing Rolex for 28 years an do not remember a single price decrease.

12 July 2013, 10:32 PM	#23
Grey.Coupe "TRF" Member Join Date: Dec 2009 Location: NC, USA Posts: 555	Rolex prices are determined far more by corporate profit targets than raw materials costs...

12 July 2013, 10:36 PM	#24
Rashid.bk "TRF" Member Join Date: Jan 2009 Location: Dallas Watch: 12800ft = 3900m Posts: 11,172	It means Rolex will stockpile gold while low, as far as watch prices...see what Monbk said.

12 July 2013, 11:06 PM	#25
Pix "TRF" Member Join Date: May 2010 Location: midwest Watch: SS Datejust Posts: 1,288	Back in the day when silver prices skyrocketed, film prices shot up...when the price of silver fell film prices stayed at the inflated price.

12 July 2013, 11:34 PM	#26
tom2517 "TRF" Member Join Date: Jan 2009 Location: Asia & US Posts: 1,550	Maybe this is an extreme example, but a PP steel minute repeater is not cheaper than the gold equivalent, that tells you all you need to know about how much raw material cost really matters.

13 July 2013, 01:01 AM	#27
watchwatcher "TRF" Member Join Date: Jan 2009 Real Name: Larry Location: Kentucky Watch: Yes Posts: 34,479	Nothing.

13 July 2013, 01:01 AM	#28
jwill051 "TRF" Member Join Date: Nov 2010 Real Name: Jim Location: Maine & Florida Watch: 16710,116619 Posts: 540	Spot price of gold will have no impact on price of gold Rolex

13 July 2013, 01:10 AM	#30
gulfstream69xr7 "TRF" Member Join Date: Jun 2012 Location: Medford NJ Watch: TAG Rolex Posts: 948	Should have zero impact at all. Selling price is based on total margin maximization and elasticity. Gold could fall through the floor, but if people keep on buying a given watch a given price, they will not lower the price. The reverse holds true to the point of negative margin.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)