Price of gold is sky high

[robbrum]

The price of gold is sky high on the moment.

Intresting to know what will be the next price increase of Rolex???


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[Obi Wan]

And this is just the beginning…

[enjoythemusic]

Said another way, the buying power / valus of many currencies are hitting historic lows.

[Mystro]

I see the watch market going to go up steadily the next few years. Consumer confidence is energized and a lot has to do with the political shift.

[GB-man]

Political environment forthcoming is inflationary so gold should in theory do well.

[avidflyer]

platinum compared is dirt cheap, see what happens

[East of Eden]

Originally Posted by GB-man

Political environment forthcoming is inflationary so gold should in theory do well.

That’s one opinion.

[Masteryacht]

It’s actually not when considering the massive debt and loss of value of fiat currency.

[ArtNouveau]

Historically Rolex price increases, at least in the US, have had almost zero relationship to inflation or the price of gold. More like what will the market bear without raising it too much. I would expect worldwide price increases on January 1 but they will seem kind of random.

[rajen]

Originally Posted by Mystro

I see the watch market going to go up steadily the next few years. Consumer confidence is energized and a lot has to do with the political shift.

I don’t think there is any political reality or economic evidence to support that claim

[Goldmansockz]

There seems to be a very high inverse correlation between the price of gold and Rolex pieces featuring gold for the last 12 months

[Wahlberg]

Originally Posted by Mystro

Consumer confidence is energized and a lot has to do with the political shift.

Consumer confidence for who exactly? The wealthy elite that make 300k and more? A lot of people are struggling. The big population in the US/Europe/... don't belong to those that make that much.

As enjoythemusic wrote, buying power is dipping.

[metallic]

I doubt the price of the raw metal will alter the final watch cost in the short term. Do you think platinum prices which are now incredibly low compared to gold right now will change the gold/platinum delta all that much? Manufacturers will charge what they can get.

[East of Eden]

Originally Posted by Wahlberg

Consumer confidence for who exactly? The wealthy elite that make 300k and more? A lot of people are struggling. The big population in the US/Europe/... don't belong to those that make that much.

As enjoythemusic wrote, buying power is dipping.

Consumer confidence has risen since the election.

[padi56]

Originally Posted by robbrum

The price of gold is sky high on the moment.

Intresting to know what will be the next price increase of Rolex???


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When you think of what Rolex charges for there gold watches and the actual weight of the gold in the watch.Then once its sold the scrap value of the gold Rolex will have plenty of head room no matter the price of gold.

[Rafabond]

Gold is the new Daytona, invest in gold not watches.

[brandrea]

I’m buying bananas and duct tape.

They’re worth WAY more than gold

[ronricks]

Price of gold has no impact on secondary market Rolex pricing

Price of ‘crypto’ has no impact on secondary market Rolex pricing

It’s not 2020 or 2021 anymore where government has injected 2.5 Trillion in liquidity into ‘economy’

We are headed to a recession in 2025

There’s a whole lot of wishcasting going on by secondary Rolex dealers. Watch market is not strong at all.

[rajen]

Originally Posted by East of Eden

Consumer confidence has risen since the election.

When political sentiment is the main driver behind consumer confidence, it ceases to be an effective economic indicator.

[Robf52]

....and going higher.

[gerry100]

A good question is how much gold is in a given watch. I'll bet its surprisingly little and contributes little to the total production costs

[enjoythemusic]

Originally Posted by brandrea

I’m buying bananas and duct tape.

They’re worth WAY more than gold

To be fair, it takes effort, time, etc to grow a banana. Duct tape also needs a variety of resources to create. As does mining gold, energy to 'mine' Bitcoin BTC, etc.

Central bank currency creation is like me typing $ £ € 100,000,000....

or typing $ £ € 100,00,000,000,000,000 into a computer (plus it can be 'fractionally reserved' ROFLOL). It is easy to create trillions of Dollars, Euro, Yen, British Pound, etc.

[Mystro]

Originally Posted by rajen

When political sentiment is the main driver behind consumer confidence, it ceases to be an effective economic indicator.

Every political change affects consumer confidence either up or down but it IS a huge factor. Just watch the stock market and following interest rates. This isn’t even a debatable truth. This isn’t politics but historical fact in knowing how to make money at the optimal time.

[miamiclay]

Originally Posted by brandrea

I’m buying bananas and duct tape.

They’re worth WAY more than gold

You saw that recently sold at >$6M, eh?
Art Week is in just another two weeks here, I wonder what this year’s hypebeast will be …

[brandrea]

Originally Posted by miamiclay

You saw that recently sold at >$6M, eh?
Art Week is in just another two weeks here, I wonder what this year’s hypebeast will be …

Yes indeed … I started a thread in the open forum on it


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[enjoythemusic]

Originally Posted by miamiclay

You saw that recently sold at >$6M, eh?
Art Week is in just another two weeks here, I wonder what this year’s hypebeast will be …

Well, if it was an unimaginative timepiece company, you need to square it off. Go from banana to Rear Plug with Duct tape. A bargain entry-level artwork for only $40,000

[0nly5iv3Digits]

in Dollar terms - sure. But Gold has been going down in real-value terms for a decade. If not more. It should be worth much more than it's current valuation imo.

[CH69]

Originally Posted by ArtNouveau

Historically Rolex price increases, at least in the US, have had almost zero relationship to inflation or the price of gold. More like what will the market bear without raising it too much. I would expect worldwide price increases on January 1 but they will seem kind of random.

The June 2024 price increase was only for TT and Gold models...with many suspecting it is in line with the rapid price increase for gold....

[obywan]

Originally Posted by brandrea

I’m buying bananas and duct tape.

They’re worth WAY more than gold

I agree 100% with this

[brandrea]

Originally Posted by obywan

I agree 100% with this

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