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31 July 2020, 09:22 PM | #31 |
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I dont know but I have a bad feeling PM prices are going to surge and explode bigtime. Just what I have heard and seen just last week shopping around for my 116618LB.
It wasn't actually hard to attain the 116618LB as in where I couldn't actually find one but the asking prices were up there to be honest. Thats why it took me a while to get it because these have also risen so much I was a bit shocked because I was eyeing this watch since 2-3 years ago and compared to back then its gone crazy high. RG SKyDs for $45k. LOL that is pretty much retail. I got mine for $33k BNIB. Thats a HUGE jump. Now I"m seeing RG DD40s for >$35k huge jump from the $28k I got it for as well not so long ago. I really really hope this is not the start of the PM FOMO or investment mentality because I've got my eyes on other PM pieces I want. LOL - I wont be able to afford the damn things they are already so expensive.. |
31 July 2020, 09:47 PM | #32 | |
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31 July 2020, 09:47 PM | #33 |
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As they say:
“A rising tide raises all boats” Many people have money to spend and are doing so. |
31 July 2020, 09:52 PM | #34 |
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The big 3 (Rolex, AP, Patek) are still very hot. I spoke with 3 ADs and they are doing better in sales than last year (Patek and Rolex ADs). New AP boutique opened in my area a couple of months ago and they are doing really well. Seems like the watch market is still going strong. I guess the shortage in SS pieces is causing buyers to gravitate towards PM.
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31 July 2020, 09:56 PM | #35 |
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Gold isn’t all of a sudden worth more. The dollar is all of a sudden worth less. You won’t see inflation in the usual places these days, not yet at least. That pm Rolex you’re shopping for, it costs more in nominal terms. And that ticking you’re hearing inside the case - a tiny printing press.
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31 July 2020, 10:15 PM | #36 | |
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31 July 2020, 10:19 PM | #37 | |
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Money is pouring in from somewhere. Dont really agree that SS shortage is causing ppl to buy PM. Someone in the market for a $10k-$15k watch cant all of a sudden drop $35k on a watch. Its easy to say but hard to do without stretching financially and that alone would eliminate 90% of SS buyers. Dunno what it is causing the hype. Might be grays hoarding as well just like we saw with SS. Artificial maybe? |
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31 July 2020, 10:45 PM | #38 |
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When I saw the title ‘gold is getting very hot’ I assumed this would be a discussion about how the weight of gold bracelets could be uncomfortable in the heat.
Boy, got that wrong. |
31 July 2020, 11:02 PM | #39 | |
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31 July 2020, 11:05 PM | #40 |
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Gold, love it!
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31 July 2020, 11:25 PM | #41 |
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Interesting. Exciting times indeed.
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31 July 2020, 11:32 PM | #42 | |
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31 July 2020, 11:34 PM | #43 |
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what's ppp?
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31 July 2020, 11:38 PM | #44 |
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Agree with this. The best deal on a gold Rolex from a ‘gold’ perspective right now is the OQ 19018. They are about 160 grams fully linked compared to 138 grams for a 18038 or 18238 and can be had several thousands cheaper.
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31 July 2020, 11:38 PM | #45 | |
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31 July 2020, 11:41 PM | #46 |
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I spent a long time hunting for my pre ceramic gold sub. I was shocked how few were out there six months ago. There are even less now and prices are higher. Not sure what is going on but I love the gold!
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31 July 2020, 11:44 PM | #47 |
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They can fake a SS rolex
Much harder on Gold That's what I always say |
31 July 2020, 11:46 PM | #48 | |
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1 August 2020, 12:05 AM | #49 |
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Color commentary. My Dad just bought a 41 mm full gold Day Date. The bracelet alone is worth the price of admission, with that little clasp made of solid gold in the shape of the Rolex logo. It is sick. I have a TT Datejust. But when you see the Day Date with even the caseback made of solid gold, and you heft the thing because it is so heavy...it is just STOMPING. It is the people's watch, actual money on your wrist. You can go right up to a Joe on the street, and trade it for his car, that simple. Not to spew, but I think I will, why would I pay twice as much for a Patek Nautilus, with a tiny bit of gold in the rotor, with its stainless steel brushed/polished finish that looks like a pain to maintain, when I can wear a solid fricking chunk of heavy Rolex gold on my wrist that doesn't require a degree from an upper class finishing school to appreciate?? The only thing is that it is expensive. Which is also, kind of the point. It is what it is. End commentary.
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1 August 2020, 12:10 AM | #50 |
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Was gold ever cheap, then? I missed that...
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1 August 2020, 12:12 AM | #51 |
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1 August 2020, 12:17 AM | #52 | |
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To number 3. Yes, feels bizzaro. However let’s realize there are more millionaires in the world today and that number will continue to grow. The amount of wealth (albeit relative) in the world as a whole has exploded. Until or unless we suffer truly a cataclysmic fate the worlds economies will continue to produce. Even at lower margins or scales. Here we are with the entire travel and hospitality industry shut down along with entertainment (restaurants) and yet the stock and housing market is exploding. No surprise Rolex remains strong. Even if the list for hot models get reduce by half there is still a list, and supply will never satisfy that demand. Sent from my iPhone using Tapatalk |
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1 August 2020, 12:19 AM | #53 | |
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1 August 2020, 12:21 AM | #54 |
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1 August 2020, 12:21 AM | #55 |
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1 August 2020, 12:26 AM | #56 | |
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1 August 2020, 12:29 AM | #57 |
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US FED backed bank loans to business for COVID relief to help keep people on the payroll. If used as intended it can be 100% forgiven as a grant. I would think some of that money is not going to
the intended use. PPP = Payroll Protection Program (Loan money up to 10 million per company based on head count) |
1 August 2020, 12:39 AM | #58 |
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1 August 2020, 12:47 AM | #59 |
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Sounds like all this is going to lead to an economic crash then watches will drop in price regardless steel or pm
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1 August 2020, 12:48 AM | #60 |
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When history is written, what are the chances of them saying that in 2020, people had no idea what was coming down the track. There’s an air of unreality about. A sort of ‘it’s not happening’ attitude.
Doesn’t feel good to me, regardless of the price of Rolex! |
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