Sell all your Rolex's N O W !!!

[chicagowatchman]

On our local Fox News they painted a bleek picture of the US and World economy.

One forcaster even showed his Rolex and said he might sell Now before the price on Rolex's takes a nose dive.

I think I will hold on to my watches.....even if i end up on Tin Pan Alley I will need to know what time it is!

Maybe Rolex will have a price cut fo a change!

[Jocke]

I will say it´s better to buy now if you have the chance.

I´ve talking to a friend and he told me in about 2-3 weeks so will the guys that lost
their works in US start selling luxury items like cars, watches ect, ect. They say there
will be around 80 000 that will lost their work.

So now the one with cash can do great deals.

Jocke

[Ivy League]

I was wondering how long it would take for today's big news to finally make it onto this forum ?!?!?!
One way or another, current events and the Global economy will have some direct relationship to this forum.

[scottschoe]

*bookmarks classifieds/SC/SC

[chicagowatchman]

How true!

Its kind of scarey here in the USA.......and I hear the banking crisis is now hitting Europe

[chriseskew24]

If you have the money buy,buy,buy Stocks,Rolex,and anything else your heart desires... Especially stock invest in things that make sence and ride the wave 10 years from now you will be happy you did...

Oh by the way unfortunantly i am not one of the people who will be buying , not right now anyways...

[chicagowatchman]

Very good point!!!

[Jimbits76]

Originally Posted by chicagowatchman

How true!

Its kind of scarey here in the USA.......and I hear the banking crisis is now hitting Europe

lol...do you americans ever look at the world news??????????????

There have been bank problems in the UK and mainkand Europe since Spring...the credit crunch destroyed confidence in UK mortgage lenders!!!!!!!

J

[VtailFlyer]

Originally Posted by chriseskew24

If you have the money buy,buy,buy Stocks,Rolex,and anything else your heart desires... Especially stock invest in things that make sence and ride the wave 10 years from now you will be happy you did...

Oh by the way unfortunantly i am not one of the people who will be buying , not right now anyways...

Agreed. This is possibly the most significant buying opportunity in our lifetimes.

The real trick is to judge the bottom of the market (any market) and buy then. Big gains are to be had in the long term.

[wantonebad]

Frankly I'm thinking about liquidating some retirement savings to buy some investment property, I'm just trying to gauge the bottom of the market, pretty hard to do given the conflicting forecasts waiting eagerly to see how the rest of this week turns out

[f16570]

Americans, Europeans and everywhere else, the recession is here for a while.
But I will till need to tell the time.

[JJ Irani]

Why don't all you scaredy-cat tossers immigrate to NZ?

Our economy seems pretty good at present......and we do have plenty of Rollies for sale!!

[VtailFlyer]

Originally Posted by JJ Irani

Why don't all you scaredy-cat tossers immigrate to NZ?

Our economy seems pretty good at present......and we do have plenty of Rollies for sale!!

Why would I be afraid of tossing cats?

[Ivy League]

Didn't JJ just get tossed from a 7.2 magnitude earthquake?

[Quicksilver]

You know what, I am not convinced its going to have much impact, if any, on the cost of new Rolex watches. You might find it easier to negotiate a discount with an AD, but not much. In fact, some with money to spare could find it a safer proposition to put their money into exotic, expensive and vintage watches than in the bank. But your right, there may be more used models coming on the market.

[scottschoe]

With a new rumor on TZ of a 3% increase in two days (who knows, right?), it'll be interesting to see how the preowned market reacts.

[seantk]

Originally Posted by Jimbits76

lol...do you americans ever look at the world news??????????????

There have been bank problems in the UK and mainkand Europe since Spring...the credit crunch destroyed confidence in UK mortgage lenders!!!!!!!

J

Not usually

Originally Posted by scottschoe

With a new rumor on TZ of a 3% increase in two days (who knows, right?), it'll be interesting to see how the preowned market reacts.

You are kidding - right

Sean

[scottschoe]

Nope.

[NitroRacer]

Does everyone on this forum still believe that Rolex is going to be able to increase prices? At least here in the US, prices are going to drop one way or another. Give it a few months tops and see how many Rolexes are for sail in the classifieds.

[JJ Irani]

Originally Posted by pgeorgan

Does everyone on this forum still believe that Rolex is going to be able to increase prices? At least here in the US, prices are going to drop one way or another. Give it a few months tops and see how many Rolexes are for sail in the classifieds.

The Yacht-Masters should "sail" pretty smooth!!

[scottschoe]

Originally Posted by pgeorgan

Does everyone on this forum still believe that Rolex is going to be able to increase prices? At least here in the US, prices are going to drop one way or another. Give it a few months tops and see how many Rolexes are for sail in the classifieds.

I think they'll still go up. It doesn't have much to do with the state of our pocketbooks...just the weak dollar.

[wantonebad]

Originally Posted by pgeorgan

Does everyone on this forum still believe that Rolex is going to be able to increase prices? At least here in the US, prices are going to drop one way or another. Give it a few months tops and see how many Rolexes are for sail in the classifieds.

yeah, they don't care, their products are in demand all over the world and they have the means to wait out a recession... or two or six. Lets just say their solvent, it's not like they will struggle to make payroll

[Jocke]

Originally Posted by JJ Irani

Why don't all you scaredy-cat tossers immigrate to NZ?

Our economy seems pretty good at present......and we do have plenty of Rollies for sale!!

Can you trade sheep for watches?



Jocke

[Hookie]

Originally Posted by Jocke

Can you trade sheep for watches?



Jocke

Hahah too funny Jocke !

[newrolexman]

This economy is very bleak and explains why out of the blue I got 2 calls from dealers about having a SS Daytona for list.


Not a good sign when the AD has called the first 20 on the list and they decline the SS Daytona.

[jm433]

The price of used rolexes will definitely come down. The demand won't be there to support big prices especially on older, but not yet vintage models.

[dro57]

My wife just mentioned to me the other day that the mall was full of shoppers hunting for bargains as if it were Christmas. I don't know if the local economy here is more prosperous on the San Francisco Peninsula or if people are just delerious to what's happening in the national/global economy right now. I think most people are relying too much on Congress to bail the banks out of this mess. I personally cleared out all my debts and am still investing in my deferred comp in the hopes the fund managers are taking advantage of some deals on the market. I'm standing by for the fall of some more banking institutions and some deals on used Rollies.

[Lamone]

Originally Posted by wantonebad

I'm just trying to gauge the bottom of the market, pretty hard to do given the conflicting forecasts waiting eagerly to see how the rest of this week turns out

Same here, at this point no one knows what's the outcome.

[DeepSeaDiving]

Rolex is like gasoline, it will only increase in price

http://www.rolexforums.com/showthread.php?t=53026

[TempoKing]

Would I sell my Rolex..?

We are facing a difficult winter, with citizens feeling the pressure from all sides. The problems are getting worse in every sector and there are no proposals for solutions. Indicative of this is the fact that Americans have become the most pessimistic people in the world, consumer confidence dropped and everyone is running to get their money out of the banks..why..??....The reasons are many.

Today the world is much more competitive and the U.S has to fight with its own resources in order to keep up and prepare for the future. But when we see that direct foreign investment plummeted by 64 percent last year and that the dollar took another slap in the face, in my opinion, globally in 2008 we are doing worse than the other G7 This is an unmistakable vote of no confidence in our country’s potential.

The chief reasons..?
George Bush should have never become president, he is arrogant, clueless and clearly on the side of the very rich....he did admit that the very rich are his base.

These are the same problems that plague the residents of this country, who cannot opt out as easily as capital can.

When the citizens seek support against these problems, what do they see?
The government, mired in scandals (real or imagined, big and small), endless internal squabbling, its officials’ incompetence (see all Hurricanes) and the eternal fear of the “political cost” of getting anything done. The state, instead of making life easier for citizens, often functions as if its only objective is to harass people and exploit them (property Insurance tripled in Florida) . We see this everywhere, from taxation, social services, medical care, hospitals etc. Citizens enter the doors of the above, like supplicants entering the temples of bad-tempered and unpredictable "gods".

So what do they do in order to keep us from taking the streets..?
The play the terrorism fear cassete recorder so to diviate our minds from thinking clearly.

In the fields of energy, the environment and waste management what do they do..?
Just words...an endless ...blah blah blah.

But the saddest thing in America is that neither the politicians nor our intellectuals have anything to propose that might put new breath into making America the moving force of the past...the same issues...the same things, over and over, even though this leads nowhere....this phenomenon...is the product.... FOR NOT THINKING

Loneliness can be the product of the political climate. It is not just the consequence of emotional isolation and dead-ends. The citizen looks for ideas, for support, for consolation. When confidence is gone in their goverment, the sense of loneliness is unbearable.

Would I sell my Rolex watches...??? Yes....Not because of the economic crisis, but for the "chase" for getting the next collectible..
I sell on the cheap...and I will buy on the cheap.