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Do Omegas hold their value?

H
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Long time lurker (I used this page a lot to find info on fixing my Albatross!), first time poster:

Like many other people, I'm trying to move my savings out of cash and into other commodities which won't lose their value. Obviously watches seem to be a safe bet. Does this plan make any sense, or am I kidding myself:

I have a savings pot which I hope one day will buy me a decent Moonwatch. But the way things are going, I'm worried the prices will rise and the value of my savings will devalue quicker than I can save. So I'm thinking of putting my money into a watch now to hold some of that value, and as I save more keep upgrading until I get the watch I really want. (Who knows, maybe along the way I'll find a cheaper version I'll be happy to stick with!)

There are a lot of Japan-based Speedmasters on e-Bay, eg:

https://www.ebay.co.uk/itm/284697730630#shpCntId
s-l1600.jpg

For around 1500GBP I can get my foot on the ladder, plus around 300GBP VAT and duty - so 1800GBP.

So the question is, does that seem to be a good way to store the value of my savings - in say a year, will that watch have held it's value, or lost or gained value?

I'd really appreciate your thoughts on this one!
 
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STANDY
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Best watch to hold its value is a Speedmaster.

But no watches under $2k are not a good bet to hold value to save for a $5k watch.


Buy bags of wheat, the price of wheat is going to go crazy in a few months …….Trust me 😉
 
watchyouwant
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Short answer: Some. Not many. And you have to know A LOT about this subject to be able to play....
 
YY77
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STANDY STANDY
Best watch to hold its value is a Speedmaster.

But no watches under $2k are not a good bet to hold value to save for a $5k watch.


Buy bags of wheat, the price of wheat is going to go crazy in a few months …….Trust me 😉
Sunflower oil will also be an investment.
 
JwRosenthal
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YY77 YY77
Sunflower oil will also be an investment.
Ok, what do you guys know that I don’t!! Is end of times coming?? 😲
 
YY77
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JwRosenthal JwRosenthal
Ok, what do you guys know that I don’t!! Is end of times coming?? 😲
Went to the supermarket a few days ago and sunflower oil section was empty the day after news articles of supply lasting only for max 6 weeks. On the local craigslist already people were putting bottles up for sale.

x1387506-b21322d8c41b7149b290969d269eb035.jpg.pagespeed.ic.-EFp-jGGPL.webp
 
JwRosenthal
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YY77 YY77
Went to the supermarket a few days ago and sunflower oil section was empty the day after news articles of supply lasting only for max 6 weeks. On the local craigslist already people were putting bottles up for sale.

x1387506-b21322d8c41b7149b290969d269eb035.jpg.pagespeed.ic.-EFp-jGGPL.webp
What-the-fυck??
 
H
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Dan S Dan S
Great ... another investment thread. 🙄

I mean...I tried to make it clear in the title, but you clicked it anyway...?
 
STANDY
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JwRosenthal JwRosenthal
Ok, what do you guys know that I don’t!! Is end of times coming?? 😲

Russia and Ukraine supply 30% of the wheat to the world. Mainly Egypt and Africa.
Egypt subsidies for wheat means the country can eat. Price of wheat went up due to droughts and that actually caused the issue in Egypt many years ago.
https://www.theguardian.com/world/2017/mar/08/egypt-protests-we-want-bread-subsidy-cut

https://www.igc.int/en/markets/marketinfo-prices.aspx
 
H
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STANDY STANDY
Best watch to hold its value is a Speedmaster.

But no watches under $2k are not a good bet to hold value to save for a $5k watch.


Buy bags of wheat, the price of wheat is going to go crazy in a few months …….Trust me 😉

Yup, you should see our cellar 😁
 
H
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STANDY STANDY
But no watches under $2k are not a good bet to hold value to save for a $5k watch.

OK, was that an intentional double negative? So, ANY watch under 2k IS a good bet? Or (as I suspect)...not?
 
gbesq
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Watches are timekeeping devices, not investments. And I'll probably start a firestorm by saying this, but that includes Rolex. When the herd mentality becomes such that everyone thinks that they simply can't lose money investing in stocks, bonds, real estate, commodities, watches, etc., etc., history has proven otherwise. You might get lucky and choose the right watch at the right time, but you can make your own luck by sensibly investing in a mix of stocks, bonds, real estate, precious metals , etc. and then biding your time. Buy a luxury watch because you want one, not because you think that you'll be able to sell it for a profit sometime down the road.
 
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H havvacuppa
OK, was that an intentional double negative? So, ANY watch under 2k IS a good bet? Or (as I suspect)...not?

No watch is a good bet.
 
H
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gbesq gbesq
Watches are timekeeping devices, not investments. And I'll probably start a firestorm by saying this, but that includes Rolex. When the herd mentality becomes such that everyone thinks that they simply can't lose money investing in stocks, bonds, real estate, commodities, watches, etc., etc., history has proven otherwise. You might get lucky and choose the right watch at the right time, but you can make your own luck by sensibly investing in a mix of stocks, bonds, real estate, precious metals , etc. and then biding your time. Buy a luxury watch because you want one, not because you think that you'll be able to sell it for a profit sometime down the road.

This is probably the answer I was looking for. FWIW, I've done well over the years at buying vintage music gear, using the hell out of it, then selling it on for what I bought it for - occasionally more, but that was never the intention. My plan was to apply the same strategy here - but if by using the hell out of it I'm going to bring the value down, I may as well do that to the watch I really want, not a stop-gap along the way.
 
C
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Food is about to get stupid expensive. Fertilizer is almost entirely based from fossil fuels. Fossil fuels power the world, much to the chagrin of dreamers who think we can simply carpet the entire southwest with solar panels and power part of California. The loss of fossil fuel production and availability doesn't just make gasoline, and all other products, more expensive. It also affects the production and cost of fertilizers (and textiles and parts and and and and). Farmers are already finding that fertilizer prices have skyrocketed. This either causes another spike in food prices or a drastic decrease in yield per acre.
On top of that, the war in Europe's bread basket is going to to cut the supply of wheat, raising the price again. The war between Yemeni rebels and the Saudis continues to effect production there on top of the damage to Ukrainian oil facilities and the shackles that have been put on the US oil industry.

Watches would be my last thought.
 
JwRosenthal
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C ChiefMark
Food is about to get stupid expensive. Fertilizer is almost entirely based from fossil fuels. Fossil fuels power the world, much to the chagrin of dreamers who think we can simply carpet the entire southwest with solar panels and power part of California. The loss of fossil fuel production and availability doesn't just make gasoline, and all other products, more expensive. It also affects the production and cost of fertilizers (and textiles and parts and and and and). Farmers are already finding that fertilizer prices have skyrocketed. This either causes another spike in food prices or a drastic decrease in yield per acre.
On top of that, the war in Europe's bread basket is going to to cut the supply of wheat, raising the price again. The war between Yemeni rebels and the Saudis continues to effect production there on top of the damage to Ukrainian oil facilities and the shackles that have been put on the US oil industry.

Watches would be my last thought.
I’m going to go back to bed.
 
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H havvacuppa
This is probably the answer I was looking for. FWIW, I've done well over the years at buying vintage music gear, using the hell out of it, then selling it on for what I bought it for - occasionally more, but that was never the intention. My plan was to apply the same strategy here - but if by using the hell out of it I'm going to bring the value down, I may as well do that to the watch I really want, not a stop-gap along the way.

Bought heaps of watches over the years. Some have gone up, some have gone down. Probably lucky I bought before the huge interest in watches so probably have a few worth a lot more.

No strategy other than I bought what I liked and enjoyed.

The best investment in watches I can guarantee is research and knowledge.
This will save you a heap in stupid choices

The best bit of advice I ever got was

https://omegaforums.net/threads/condition-condition-condition-and-other-pieces-of-advice.1716/
 
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