Why are Platinum watches more expensive than Gold ones?

[SpicyMikey]

Originally Posted by HogwldFLTR

The watch isn't a commodity. Pt and Au are. If you want to have a commodity buy them in raw form.

Truth. And if you're looking for a safe long term investment you're way better off just buying an S&P Index ETF like SPY. You're almost certainly going to double your money in 10ish years. Never quite understood the idea of buying a Rolex watch as a long term investment play

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[Speedbird-1]

Originally Posted by HogwldFLTR

Sorry, they're luxury goods, guys.

commodity
[kəˈmädədē]

NOUN
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

Just because someone chooses to change the meaning of a word doesn't mean they're using it correctly. Words have meaning; use them correctly.

Also regarding the original question don't forget that Au is 18KT which is only 75% gold and the remainder alloy materials. Pt is about 98% iirc.

You accidentaly, omitted to include the whole description.
commodity
/kəˈmɒdɪti/
noun
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
"commodities such as copper and coffee"
synonyms: item, material, type of produce, product, article, object, thing, artefact, piece of merchandise; More
a useful or valuable thing.
"water is a precious commodity"

Google has a purpose; use it correctly...........and accurately.

[Hermann]

I like platinum watches.... why.... you have only to put them on the scale... and you know if it’s original ��

[adawil2002]

Takes more catalytic converters to make a platinum watch than cell phones to make a gold watch.

[77T]

Originally Posted by Lt Virgil Hilts

You accidentaly, omitted to include the whole description.
commodity
/kəˈmɒdɪti/
noun
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
"commodities such as copper and coffee"
synonyms:item, material, type of produce, product, article, object, thing, artefact, piece of merchandise; More
a useful or valuable thing.
"water is a precious commodity"

I certainly agree with those points.

Originally Posted by Lt Virgil Hilts

Google has a purpose; use it correctly...........and accurately.

Not sure it’s purpose is as worthwhile now as it was originally... “to organize the world's information and make it universally accessible and useful.”

Problem today is so much specious data posing as fact.

But on the commodity question you are spot-on. Not in any sane way...

The use of “Rolex as commodity” that could apply is if one is stoking a vacuous, vanity-based, hyper ego. In that furnace, Rolex is like coal - need lots of it (preferably iced) to stoke the display of wealth.

Or if a bonfire of the vanities starts with destroying Rolexes as condemned objects. Then many will be needed to sacrifice at the altar of some new cultural revolution.

But a commodity, Rolex is not.




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[Mbalce]

Originally Posted by SpicyMikey

Truth. And if you're looking for a safe long term investment you're way better off just buying an S&P Index ETF like SPY. You're almost certainly going to double your money in 10ish years. Never quite understood the idea of buying a Rolex watch as a long term investment play

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Why would the two be mutually exclusive? would think most of us on this forum are highly diversified. Maybe if a vintage OP is a stretch for someone.....

I like safe investments but I LOVE risky ones!!!

[SpicyMikey]

Originally Posted by Mbalce

Why would the two be mutually exclusive? would think most of us on this forum are highly diversified. Maybe if a vintage OP is a stretch for someone.....

I like safe investments but I LOVE risky ones!!!

I am not trying to insult anyone. If this is a passion and you can also make some money then that's fantastic. But I hear some people talking about what watch to get like they are trying to pick a stock. If making money is the main goal then there are definitely much easier and better ways to do it. That's what I guess i was saying.

[Mbalce]

Originally Posted by SpicyMikey

I am not trying to insult anyone. If this is a passion and you can also make some money then that's fantastic. But I hear some people talking about what watch to get like they are trying to pick a stock. If making money is the main goal then there are definitely much easier and better ways to do it. That's what I guess i was saying.

No offense taken at all. And apologies if any of my posts come of snarky as well. It’s hard to peel out of my curmudgeonly ways and thoughts sometimes. It is a fun hobby and since I only buy and never sell I would not call it a true investment.

But it is fun to update the spreadsheet sometimes. I track it mostly to keep tabs on the market (crazy lately btw) which helps buying decisions. But, when you present to the boss about purchasing another it sure helps to show the value trends

[SpicyMikey]

Originally Posted by Mbalce

But, when you present to the boss about purchasing another it sure helps to show the value trends

I understand. I used that defense with my wife as well. "Well honey, it's going to retain its value well if we ever need the cash".

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[grimps]

Originally Posted by HogwldFLTR

From a hardness POV they're about the same.

The Mohs Scale of Hardness for Metals
Here is a list of the hardness grades for some of the metals that you are most likely to come across in your everyday life, especially when dealing with jewelry:
Lead: 1.5
Tin: 1.5
Zinc: 2.5
Gold: 2.5-3
Silver: 2.5-3
Aluminum: 2.5-3
Copper: 3
Brass: 3
Bronze: 3
Nickel: 4
Platinum: 4-4.5
Steel: 4-4.5
Iron: 4.5
Palladium: 4.75
Rhodium: 6
Titanium: 6
Hardened steel: 7-8
Tungsten: 7.5
Tungsten carbide: 8.5-9

https://www.jewelrynotes.com/the-moh...-is-important/

Thanks for the info

[grimps]

Originally Posted by SpicyMikey

Truth. And if you're looking for a safe long term investment you're way better off just buying an S&P Index ETF like SPY. You're almost certainly going to double your money in 10ish years. Never quite understood the idea of buying a Rolex watch as a long term investment play

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I guess the best part of buying a Rolex as what you might perceive as an investment is that you can wear it for ten years and it still might double in value , much more fun than stocks and shares

[HogwldFLTR]

Originally Posted by Lt Virgil Hilts

You accidentaly, omitted to include the whole description.
commodity
/kəˈmɒdɪti/
noun
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
"commodities such as copper and coffee"
synonyms: item, material, type of produce, product, article, object, thing, artefact, piece of merchandise; More
a useful or valuable thing.
"water is a precious commodity"

Google has a purpose; use it correctly...........and accurately.

Google may have purpose but to mistake a luxury good for a commodity or even justify it is not it's purpose. You can swear the sky is green all day long but that changes naught.

[Speedbird-1]

Originally Posted by HogwldFLTR

Google may have purpose but to mistake a luxury good for a commodity or even justify it is not it's purpose. You can swear the sky is green all day long but that changes naught.

Ah, the ol' Strawman Strategy.

[HogwldFLTR]

Originally Posted by Lt Virgil Hilts

Ah, the ol' Strawman Strategy.

No, it's an analogy, a metaphor. Not a strawman.

The point is that choosing a word that can be used as a synonym doesn't mean it's appropriate as a replacement. The synonym doesn't define the word it's synonymous with. It is an alternate that can be used in the correct context. The emphasis here is on "correct context." Again, words have meaning.

[archer1021]

Purely what manufacturer places on as value.

Why do some steel pateks or WG pateks cost more than platinum rolexes? A 55K steel Patek is just as crazy as a 12k steel Rolex it’s all relative.

Platinum has implied exclusivity and heavier. That said I would get a platinum Daytona, I think it’s awesome.


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[Speedbird-1]

Originally Posted by HogwldFLTR

No, it's an analogy, a metaphor. Not a strawman.

The point is that choosing a word that can be used as a synonym doesn't mean it's appropriate as a replacement. The synonym doesn't define the word it's synonymous with. It is an alternate that can be used in the correct context. The emphasis here is on "correct context." Again, words have meaning.

Whatever.


Joking aside, I like and understand completely, what you are stating, but......
Regardless of any semantic logic.
In my humble opinion, anything can be commoditised, and in the context of this forums' discussion, and, in the context of the luxury watch business, Rolexes, are, a commodity.

[JSolution]

Originally Posted by Lt Virgil Hilts

Whatever.


Joking aside, I like and understand completely, what you are stating, but......
Regardless of any semantic logic.
In my humble opinion, anything can be commoditised, and in the context of this forums' discussion, and, in the context of the luxury watch business, Rolexes, are, a commodity.

Agree totally. If that wasn’t the case why would people who don’t even like watches be queuing up to get one? I don’t know why people try so hard to convince themselves otherwise.

[mykii]

Originally Posted by kieselguhr

Why is a steel Rolex worth $10,000?

The precious metal watches almost seem like a steal in comparison to Grey prices. $19k for a SS Pepsi, or $30k for a White Gold Pepsi. There's a lot of relative value in the latter.

[fsprow]

Short answer:
"because people will pay more for them"

[ap1]

Strap one on, you’ll know then

[jacksprat]

Originally Posted by Mbalce

Its been a few years now in the precious metal market since platinum was worth more than gold. The spread seems to be getting wider and wider with Gold moving over $1600 vs Platinum which has been stuck under $1k/oz for quite some time now.

Why are Platinum watches still priced above both WG and YG? And does anyone see this changing over time?

Gold in a rolex is 18k which is 75% gold and 25% common metal alloy. Platinum in a rolex is 950 which is 95% platinum and 5% common alloy.
Therefore you are getting 20% more precious metal in the platinum watch. That and it's harder to work platinum so manufacture costs would be higher
More fair comparison would be if Rolex made 24k gold (99% gold) watches.

[jvb.nc]

Originally Posted by ap1

Strap one on, you’ll know then

facts

[Nikrnic]

I always thought platinum cost more than gold. I know its harder to work with obviously being much more dense, harder. White Gold is nice for jewelry but for a watch platinum does seem the way to go for PM. hehe, I'll stick with ss for the price.

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[Paul7]

Originally Posted by kieselguhr

Why is a steel Rolex worth $10,000?

....that costs Rolex about $800 to make.

[jvb.nc]

Originally Posted by Paul7

....that costs Rolex about $800 to make.

and your point is?

who gives two rats asses what it “costs” rolex to make (far more than $800 if you factor in wages and time spent)?

the bloody market says that the watch is worth double what rolex charge for it.


so your wee quip about “costs” is irrelevant and basically just trolling.

[Skydwella]

Originally Posted by fsprow

the answer is that people are willing to pay more.

Cost often does not correlate with price.

+1

[Asumer]

I'm surprised no one answered this, the real reason platinum watches are more expensive than gold is due to platinum being much more difficult to work with. And by that I mean the melting point is almost double that of gold (Platinum - 3,214.9 F to gold's 1,948°F). This entails having specialized equipment just for platinum at least on the smelting side. In addition historically platinum has been the more expensive metal and I think watch makers tend to put it on the top of the pecking order due to the historical prices of precious metals.

[Speedbird-1]

Originally Posted by Paul7

....that costs Rolex about $800 to make.

Fair enquiry, I thought.

Originally Posted by jvb.nc

and your point is?

who gives two rats asses what it “costs” rolex to make (far more than $800 if you factor in wages and time spent)?

the bloody market says that the watch is worth double what rolex charge for it.


so your wee quip about “costs” is irrelevant and basically just trolling.

Quite rude, I thought.