Naethyn wrote:Jay wrote:Kramer wrote:i just plan on leaving my kids some money
and i am the worse person to try to argue watches with..... i am a watch fiend. i just can't justify blowing that money on a watch.
though, a Rolex and any other watch in the retail range of $3K+, if taken care of is certainly not going to be something that loses value, though, really, no one in their right mind is going to buy an old ass used watch from someone that would be more than a brand new one.
the investment argument is pretty bunk. unless you are blowing like at least $10K and you essentially never wear it because it will need to be in pristine condition, can it be resold much later.
the truth is, if you are buying a watch for it to gain value, you are getting much lower return than if you were to buy other types of commodities (gold for example)
Actually Gold is constantly depreciating in value just very very slowly and the only reason to invest in it would be a recession or depression. From an investment standpoint, I could argue that my watch will appreciate in value blah blah, I didn't buy it for that. I bought it because it looks sick and its an important symbol to something I've accomplished in life.
I don't wear it every single day, but definately 3 - 4 times a week. I have a Tag as my day to day watch but since the Rolly is new, I'm wearing that more. You can say all you want about waste and whatnot, but I know I'll have this forever and that's why I have it. You can call someone stupid for buying something nice, but there's a reason Michael Jordan didn't drive a Civic and why Oprah doesn't live in a condo.
I don't think buying something you like is frivolous (sp?). Paying 15 a month for WoW or EQ? Not frivoulous. Buying a comp to play games? Paying for Cable TV? Getting rims? Not frivolous. Frivolous to me means wasting money on things that get you nothing. I'd rather spend 5k on a watch then spend 150 on a speeding ticket. I'd rather donate 70 bucks to this board then to drop 10 bucks and lose it.
Yeah, it helps with clients too. It's hard enough to get an old established businessman to put his trust in a 25 year old. It helps that he can see things on me that signify that I can do things right. It's 95% my work, 5% Rolex but I'll take what I can get.
Say what you want about it, but it was my decision and I'm happy as a clam about it. When you buy your next cars and they're nicer than what you need bare minimum, I think you'll feel the same way about it. That's the idea of luxury.
If you compare the price of oil to the price of gold it has remained constant. You cannot say the same for the dollar.
It is the dollar that has lost it's value. Not the gold.
(More RP propaganda)
No, gold does depreciate in value but it's sooo minor it's not really a big deal. The value of gold stays current with the economy so if you have 300 bucks invested and we go through a depression the value will skyrocket to stay current with the economy. If the economy stays current your gold will slowly depreciate but by fractional amounts.