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25 February 2020, 02:01 AM | #31 |
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Is it a bad time for you? Great time for me to buy.
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25 February 2020, 02:30 AM | #32 |
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25 February 2020, 02:49 AM | #33 |
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I'd say if you're after one of the red hot pieces that is virtually impossible to source from an AD it certainly wouldn't hurt to pause for a bit and see where this goes rather than buying from a grey.
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25 February 2020, 02:50 AM | #34 |
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25 February 2020, 03:36 AM | #35 |
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Correct
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25 February 2020, 03:37 AM | #36 | |
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Quote:
I just wonder how many people desperate for deflation understand what they are asking for? Sadly the answer is all too apparent.
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25 February 2020, 03:49 AM | #37 |
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Bought my first Rolex watch around age 23. Now at 53 and 5 watches later I have never seen Rolex pricing drop. Not any amount for any reason. Keep dreaming folks.
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25 February 2020, 04:09 AM | #38 |
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Like many things in life, it depends on the specifics of the deal.
Money to actually GAIN in value, and thus not penalize holders of said currency. Do me a favor, calculate 2% inflation (devaluation) compounded annually over only 20 years. How much value is lost from year 0 to year 20?
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
25 February 2020, 04:39 AM | #39 | |||
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Quote:
Quote:
Quote:
Many on this forum are hoping/wishing/desperately pining for lower prices. They are hoping that a worldwide pandemic will allow them to buy jewelry at lower prices. Of course they fully expect prices to go back up after they buy, which wont happen in a deflationary scenario. They should be very very careful what they wish for.
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25 February 2020, 04:49 AM | #40 |
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I mean, how much are prices really going to drop? $5k for a sub? Is that a lot of money in the real world? Yes, but it isn't THAT much.
I guess I've never really understood the whole "prepper" mindset. No matter what happens, life will go on. Life is so short and can end TODAY for any one of us on this board. Enjoy yourself, treat people well, and buy a nice watch if you can afford it and want it. |
25 February 2020, 05:19 AM | #41 |
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i said: Money to actually GAIN in value, and thus not penalize holders of said currency. Do me a favor, calculate 2% inflation (devaluation) compounded annually over only 20 years. How much value is lost from year 0 to year 20?
Luv ya, and big bro hug... yet EXACTLY the problem with what you said! When you do know how to do very basic annual 2% compounded interest please let me know why you erroneously said to fear deflation, versus the major problem with 2% annual inflation (currency devaluation). PS: Check your source, it is filled with typical FedSpeak BS imho.
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
25 February 2020, 02:02 PM | #42 |
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Just my .02
It’s never a good idea to splurge on anything you can’t really afford. It’s bad to buy anything when you don’t have the funds for it. Sent from my iPhone using Tapatalk |
25 February 2020, 02:29 PM | #43 |
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Maybe you're having trouble persuading a significant other to let you get that grail watch? It's always tricky. Most people will say you are mad, then immediately list all the things you could buy instead; a laptop, a dream holiday, a car, maybe even a house deposit...
But you shouldn’t let their reaction put you off buying that dream timepiece. If you really must explain yourself (or perhaps you need pushing over the line to make the big purchase), here are some compelling reasons to slap down your credit card without even wincing. 1. you have lusted over it 2. you admire the craftsmanship 3. it reminds you of your own achievements 4. it is a thing of beauty 5. it commemorates a special occasion 6. it’s part of who you are |
25 February 2020, 02:39 PM | #44 |
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You're a smart guy.
Yep, cash only from discretionary funds
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25 February 2020, 02:41 PM | #45 | |
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Quote:
But, it still sucks to see the battle between those in it for the love versus those in it for the money. I miss the love. |
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25 February 2020, 11:20 PM | #46 |
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Probably, but also you only live once!
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25 February 2020, 11:30 PM | #47 |
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I absolutely agree with this. Just be wise about your decisions!
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25 February 2020, 11:33 PM | #48 |
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If you’re worried about the timing of a watch purchase it’s likely bad time... regardless of global economic conditions.
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26 February 2020, 08:00 AM | #49 |
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26 February 2020, 08:16 AM | #50 |
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I don't change much except in difficult times (if indeed this is one) I up my charitable giving since I think those that need help are particularly affected.
And the last thing I would (ever) do is consider watches an investment. |
26 February 2020, 09:41 AM | #51 |
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Pandemic aside, as the world markets crash we'll see desperate watch sellers like during the banker-caused RE crash of 2007/2008, and then there was the Asian crisis....
Keep your powder dry, some truly great timepiece deals are going to happen soon enough. In fact made a GREAT deal today on a limited edition.... (see Panerai board)
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
26 February 2020, 09:55 AM | #52 | |
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Quote:
FWIW, I’m looking do the same with a watch I have my eye on.
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26 February 2020, 10:54 AM | #53 |
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I actually think it might be a good idea to sell. I got an offer for one of my pieces the day before the first 3% market drop and pondered it over a while, then decided to when I saw the stock market. I'll put that money to better use buying some bargain companies!
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26 February 2020, 11:58 AM | #54 | |
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10000000% agree about the battle of true enthusiasts who have always loved and admired the craft, tech, and style... versus f@(&ing flippers.
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
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