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26 March 2020, 05:21 AM | #38 |
"TRF" Member
Join Date: Jan 2020
Location: UK
Posts: 140
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Hmmm a truly unprecedented occurrence that is like a global whirlwind and as many have stated much more important stuff than money, that said many people will be asset rich and cash poor and have debts to pay....which means stuff gets liquidated at going rate to pay said bills.....irrespective of what they Paid for the asset...
The only glimmer of hope is watches are In themselves global in ways cars and property are less so i.e. movable to a more buoyant market....so if the Chinese / HK market rebound some time soon the demand will improve even if only slightly.... But its a big if .....we have our toys try to enjoy them and providing you paid MRSP i think your at worst going to break even if you do decide to cash in. The greys must be having a mega headache but hey thats what a tax saving write down policy is for. |
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