ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
23 September 2021, 07:32 PM | #1 |
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Price hikes inevitable
With inflation being out of control in the US and the UK I cannot help but think price rises are imminent.
I would like to know your thoughts? |
23 September 2021, 07:37 PM | #2 |
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Price of spuds is likely to go up!!
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23 September 2021, 07:39 PM | #3 |
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In the past we’ve seen that happening even twice per year.
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23 September 2021, 07:56 PM | #4 |
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Before Christmas is my expectation
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23 September 2021, 08:09 PM | #5 |
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They certainly need to looking at the prices of other watch brands.
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23 September 2021, 08:15 PM | #6 |
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Really?
How so? Please provide your sources. Then explain why high end luxury jewelry will be affected.
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23 September 2021, 08:18 PM | #7 |
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Doubt it.
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23 September 2021, 08:20 PM | #8 |
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Is inflation out of control in the US?
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23 September 2021, 08:22 PM | #9 |
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Every major barometer of inflation has soared this year, particularly the consumer price index. The cost of living, as measured by the CPI, has jumped 5.4% in the past year to mark the biggest increase in 13 years. The latest batch of inflation reports are expected to show more of the same. (Market watch)
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23 September 2021, 08:24 PM | #10 | |
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Quote:
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23 September 2021, 08:25 PM | #11 |
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One thing is for sure sometime in the future prices will go up, when nobody knows only Rolex themselves.
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
23 September 2021, 08:28 PM | #12 |
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transitory they say but I think there are bubbles waiting to be busted.
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23 September 2021, 08:36 PM | #13 | |
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No but some love to over react
Quote:
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23 September 2021, 08:52 PM | #14 |
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Typically nothing in the luxury good market gets cheaper.
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23 September 2021, 08:57 PM | #15 |
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Correct.
And all of these armchair economists fail to realize that inflation, which the US has been trying to create since 2010 creates wage gains as well. But scan the forum for those wishing for a price collapse, stock market crash and a worldwide economic slowdown so they wont have to pay more and maybe the watch they want will be available at a discount. All when their house, retirement and savings have just cratered in value. But they will have their watch
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23 September 2021, 09:05 PM | #16 |
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Very much like talking about air travel during summer of 2020 then the increase to 2021. Should only have been compared to 2019.
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23 September 2021, 10:38 PM | #17 |
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Coming soon!
AP went up three times this year. VC went up 11% for Overseas model this year. Other brands went up too.
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23 September 2021, 10:41 PM | #18 |
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Let us know when you're sure.
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23 September 2021, 10:49 PM | #19 | |
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Quote:
4% expected in the uk this year more like 6/7/8% |
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23 September 2021, 10:53 PM | #20 |
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There is too much mania surrounding the luxury watch market IMO. Look at all the doofuses on YouTube and TikTok...literal mouth breathers living in their parent's basements.
Sure, I am playing armchair economist here, but I can't help but feel as though we are at a tipping point or approaching a correction in many luxury markets (houses, cars, watches, etc.)...at least in the USA. |
23 September 2021, 11:25 PM | #21 |
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The Federal Reserve Central Bank is devaluating their Debt Dollar currency @ ~8% annually right now. It's bad enough that their normal unstable 2% 'inflation' target is ~50% devaluation every 20 years(!). And that's on a good day!
Now with currencies @ ~8% devaluation annually... work the math folks.
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23 September 2021, 11:31 PM | #22 |
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Agreed
Now with currencies @ ~8% devaluation annually... work the math folks.[/QUOTE]
I’m an old school guy whose first mentor, 45 years ago, would often say, "Just do the math!". What that means, is that numbers matter and it’s right in front of you. If one denies a worldwide inflationary period, "Just do the math!". |
23 September 2021, 11:35 PM | #23 |
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Prices have not gone up in a while, I think In the last 10 yrs it went up only 2 x unless a new movement was introduced
In 2013 bought a sub c it was priced at 8,500 In 2018 bought a dd40 The notion that rolex raises its prices often are false |
24 September 2021, 12:04 AM | #24 |
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Agreed 100%! Back in my day you could buy a water bottle for $.75. And also you could buy a used submariner for $4000. The other day I went to Ruckers football game and I got a relatively cheap bottle of water for five dollars, that’s like six times more expensive than it used to be? I’m not saying submariner should be six times more expensive than $4000, but they definitely shouldn’t be $4000 anymore. On the used market. I know you’re talking about New, but the same principle applies.
And the Fed Chairman just announced that I think inflation will be about 2% for the next two years? So it would not make sense for the prices to rise any less than that. I think 5% this year and 3 1/2% next year and 2% the following year? |
24 September 2021, 12:11 AM | #25 |
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I've personally traded all my dollars for bitcoin, Rolex, beanie babies, PS5's, houses, used cars, and anything else that can never go down in value and is currently being propped up by insane demand, low interest rates and shadow banking products like Affirm and Crypto banks/loans/etc.
Personally I hate doomsdayers - tomorrow (figuratively, might be 5 years, progress isn't even) will be better than today. No "meltdown" will stop that. But it's hard to sit here and watch all this behavior and think it's rational. So many posts on this forum have moved to price speculation - it's not about watches anymore...
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24 September 2021, 12:12 AM | #26 |
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Prices only going one way enjoy the wave haha
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24 September 2021, 12:33 AM | #27 | |
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24 September 2021, 12:39 AM | #28 |
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24 September 2021, 04:43 AM | #29 |
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Sure, so everything goes up gradually all the time, that's nothing new. My sub date was $3250 circa 1998 and now what like $9150. That increase has far outpaced inflation and there is no reason to think that wont continue. Sorry for the folks now, the watch is not 3 times better now, but they are paying 3x more.
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24 September 2021, 05:08 AM | #30 | |
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