ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
17 June 2022, 04:46 AM | #31 | |
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Real Name: Roger Lococco
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Quote:
Sounds right. Now that Canada has put a 2-year moratorium on foreign home buying, a portion of that “investment” (cough) will continue to flood the luxury goods market. Sent from my iPhone using Tapatalk
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116500 Daytona White Dial 126710BLNR GMT II 126719BLRO Blue Dial Pepsi GMT II |
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17 June 2022, 05:24 AM | #32 | |
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Quote:
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17 June 2022, 05:44 AM | #33 |
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My AD checks in with me about once a month. Still low inventory and no new orders being taken by Rolex.
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17 June 2022, 05:59 AM | #34 |
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ADs have a vested interest in keeping the 'shortage' going for as long as possible so don't take what they say as the gospel truth. However, at the end of the day they will need to sell watches. Without flippers they need to find a customer prepared to spend a lot of money on a wristwatch, to wear on their wrist. And keep finding customers.
The Chinamen in Vancouver stuff, I have no idea, no idea. Chinese men are sending money by boats to buy Rolex watches in Canada? Yes, that sounds true. See my first paragraph above. |
17 June 2022, 06:44 AM | #35 |
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P varies reference by reference.
For a DJ41 bimetal Pn=P already it appears.... |
17 June 2022, 07:07 AM | #36 |
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Why do people keep pushing this narrative that people are buying Rolexes as "investments". No one with serious money and a brain is buying $15-20k watches one at a time for investment purposes.
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17 June 2022, 07:17 AM | #37 |
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17 June 2022, 07:20 AM | #38 |
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Because there are a ton of people out there willing to speculate - otherwise we wouldn't be in this mess. It's a reality, not a 'narrative.' Most of the buyers are speculators.
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17 June 2022, 08:13 AM | #39 |
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The crypto ballers on Insta have to be feeling the burn (Bern?) right about now. Honorable mention for the "diamond hands" ballers on wallstreetbets.
Meanwhile, my perfectly diversified and automated investment strategy rolls on. Nothing has changed in my life at all. |
17 June 2022, 08:15 AM | #40 |
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Right...small time investors are, pushed by the narrative that it is a good investment, hedge against inflation etc. Chinese Whales who were buying up BC real estate are not going to turn their attention to buying up Rolexes. What I was trying to say is that no serious investor is going to move their attention from real estate to watches as an investment vehicle.
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17 June 2022, 08:17 AM | #41 | |
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Quote:
Take a look at the number of people who put their life savings into crypto and now face financial ruin if you do not believe me. Many of these individuals have been egged on by a relentless stream of BS media telling them they would 'invest' and then make a fortune overnight. |
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17 June 2022, 08:29 AM | #42 | |
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Join Date: Oct 2008
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Quote:
But since Rolex only produces 1M watches/year it doesn't take a lot of speculators to soak up the available inventory. Even during the "good old days" Rolex still sold all their watches - now they can't keep up. Anyway. The worst is yet to come for the economy and yes we'll see "better days" at the AD eventually. Not interested in a TT or PM, the situation with SS is the same as before. |
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