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16 May 2017, 02:18 AM | #31 |
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16 May 2017, 02:37 AM | #32 |
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It may and it may be just a blip. As one that remembers 18% interest rates and also at one point "re-fied" down to 7% and was thrilled, 5-6% doesn't seem like the end of days. Tales of coming apocalypses have seldom panned out. However, we should pay attention and protect ourselves as we can. Certainly, there are coming crisis', boom times and just tooling along times ahead. I'm very sorry to see all of these people losing their jobs. Who knows? With this much talent suddenly available I would think it would manifest itself somehow before long. I hope so.
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"The great Confucius said that he would rather be a profound political economist than chief of police." S. Clemens Last edited by slorollin; 16 May 2017 at 02:44 AM.. Reason: . |
16 May 2017, 04:03 AM | #33 |
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Just reread the thread, funny I guessed right on Roger's tryptique. The party is over, not just for Richemont, when you see AP lowered by 10k the price of the 44 CE, PP reducing production, that is very clear... I am quite happy that all the watches I have are not watches which will fall on second hand market, except the 5167R, but even that one should not loose a lot from what I paid, which wasn't retail, as all of my watches. The Voutilainen is another story, not sure how these very niche ultra high end independents will react to the crisis, but I think the clients for these niche brands will still be interested in getting special watches... the market has enjoyed a decade of incredible growth, and most watches were priced way too high, production went to insane levels, Panerai went from around 10k per year in 2000 to 100k now, that's nuts. The party had to stop one day...
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16 May 2017, 04:58 AM | #34 | |
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I don't view any watches as a safe store of value. Especially ones A) not called Rolex and B) over 10k usd
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16 May 2017, 05:05 AM | #35 |
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This @#$##% crash blew my internship oppertunity at lange... and it's probably not going to be just that
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16 May 2017, 05:33 AM | #36 |
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Tom you have to admit that a few, very few watches, are even better value than Rolex watches, not sure the over retail grey prices will hold on 5711-12 and others but now it is the case. And even if some Rolex fetch big prices on second hand, you have to wait what, 40 years? While some Patek watches gain value the moment you walk out the door, 5811P, 5131 and 5711 being the most obvious. I buy the watches I like and wear them, but if at the same time they gain value I am quite happy, but it isn't a dominating factor, if it was I wouldn't have gotten the 5167R or ordered a Voutilainen, as the first one won't gai , and no telling what the second one will be worth in 10-20 years, but really don't care.
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16 May 2017, 05:35 AM | #37 |
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Man I am so sorry buddy, hate that a passionate person gets problems pursuing his dream, I really hope it will be ok and that you will have good opportunities as you deserve it
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16 May 2017, 05:38 AM | #38 | |
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It's not the end of the world of course, but it certainly doesn't make things easier. |
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16 May 2017, 05:41 AM | #39 |
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16 May 2017, 05:51 AM | #40 |
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Thanks Paul, I hope that's true
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16 May 2017, 11:46 AM | #41 | |
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@Arnaud. I have same bad news. I think the Voutilainen will lose 20% easy and that's for a simple Vingt 8 without heavily bespoke design which could limit the field even further. As for Richmont....a 5% drop in share price on those profits actually show that investors believe this is a glitch or it would have fallen further. I think it may even have clawed back some gains so as a company no need to turn off the lights yet! |
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16 May 2017, 05:41 PM | #42 | |
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16 May 2017, 10:12 PM | #43 |
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I know this thread is about Richemont but with the overall drop in demand it's mindboggling to me that someone like AP announces a 3% price increase. https://www.rolexforums.com/showthread.php?t=537676
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16 May 2017, 10:48 PM | #44 | |
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Richemont – last one out turn off the lights!
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Sorry Bas. Sucks. I am sure you will find an even bigger and better opportunity. As far as US interest rates jumping up to 5-6%. I agree rates will creep up. But remember this. Who is the single largest borrower in the US?? Meaning who has the most debt?? Who controls the interest rates?? As long as the US government is trillions in debt the smallest of upward ticks in the rates make a huge difference to the interest that must be paid/added to the debt. Sent from my iPhone using Tapatalk |
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19 May 2017, 12:05 PM | #45 | |
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