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Just thinking on-line: anyone shorting their watches?

Philip Loftus
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Man fears time but time fears the Pyramids.

For example sell the 2 most expensive ones in the collection, buy physical gold with whatever is realized and wait til gold makes 5 k an oz or so. Then sell enough gold to buy back the watches. However many ozs left over are profit.
 
STANDY
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Philip Loftus Philip Loftus
Man fears time but time fears the Pyramids.

For example sell the 2 most expensive ones in the collection, buy physical gold with whatever is realized and wait til gold makes 5 k an oz or so. Then sell enough gold to buy back the watches. However many ozs left over are profit.

But what if my two most expensive watches I sold out preform gold.

Many early Speedmaster have....
 
Philip Loftus
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Man fears time but time fears the Pyramids.

Yes early Speedie is probably not one to play fast and loose with.
Edited:
 
Scooterino36
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Philip Loftus Philip Loftus
Man fears time but time fears the Pyramids.

For example sell the 2 most expensive ones in the collection, buy physical gold with whatever is realized and wait til gold makes 5 k an oz or so. Then sell enough gold to buy back the watches. However many ozs left over are profit.

I personally don鈥檛 consider my watches as investments, the money is gone and the watches are here to stay. Every purchase comes with an investment opportunity cost. As such, that decision would have been better to make prior to purchase.
 
cristos71
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Philip Loftus Philip Loftus
Man fears time but time fears the Pyramids.

For example sell the 2 most expensive ones in the collection, buy physical gold with whatever is realized and wait til gold makes 5 k an oz or so. Then sell enough gold to buy back the watches. However many ozs left over are profit.

I prefer the straddle myself 馃槈

20170704_170336.jpg
 
EricCsN
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cristos71 cristos71
I prefer the straddle myself 馃槈

20170704_170336.jpg
gold is my favorite material for watch.
Like opening an ancient egyptian tomb and finding these antiquities treasures
 
Philip Loftus
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Scooterino36 Scooterino36
I personally don鈥檛 consider my watches as investments, the money is gone and the watches are here to stay. Every purchase comes with an investment opportunity cost. As such, that decision would have been better to make prior to purchase.
That is clearly true usually but in the current climate you can have yr oppo cost plus yr watch.
 
Scooterino36
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Philip Loftus Philip Loftus
That is clearly true usually but in the current climate you can have yr oppo cost plus yr watch.

I don鈥檛 really follow, repurchasing your watch is a missed opportunity to invest in another asset that yields returns, which is not unique to this climate. There鈥檚 always an opportunity cost. If I didn鈥檛 buy my 2 Omegas in 2018 and instead bought say Apple or Tesla stock, I could have sold my stock today and bought 3 Omegas.
 
dstfno
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Philip Loftus Philip Loftus
Man fears time but time fears the Pyramids.

For example sell the 2 most expensive ones in the collection, buy physical gold with whatever is realized and wait til gold makes 5 k an oz or so. Then sell enough gold to buy back the watches. However many ozs left over are profit.

It did it sort of by accident. I had sold two watches in February to finance the purchase of a new watch. But then the pandemic started and markets crashed. So instead I invested the money and already have profits of approximately 35% ::psy::
 
Donn Chambers
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Philip Loftus Philip Loftus
Man fears time but time fears the Pyramids.

For example sell the 2 most expensive ones in the collection, buy physical gold with whatever is realized and wait til gold makes 5 k an oz or so. Then sell enough gold to buy back the watches. However many ozs left over are profit.

Gold is currently close to the all time high price, trading near $1800 an ounce. It has not reached $5000 an ounce ever in the last 100 years. The peak price was about $2200 in 1980. Accounting for inflation, that is about $6600 in today鈥檚 dollars. If you had done this in 1980 and sold it the gold today, you would not have even matched inflation and lost value.

Point is, I seriously doubt gold will shoot up to $5k an ounce in your lifetime. It is more likely to decrease in value or just keep up with inflation. And you have given up your two watches to do it. Looks like a loss to be all around.
 
Walrus
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Scooterino36 Scooterino36
I don鈥檛 really follow, repurchasing your watch is a missed opportunity to invest in another asset that yields returns, which is not unique to this climate. There鈥檚 always an opportunity cost. If I didn鈥檛 buy my 2 Omegas in 2018 and instead bought say Apple or Tesla stock, I could have sold my stock today and bought 3 Omegas.
My wife won鈥檛 let me
 
Rodentman
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Reminds me of that great German word Korinthenkacker. You want to invest, invest. You want to buy a watch, do so. I don't get the obsession with greed and avarice. There's more to life and its enjoyment than stinking $.
 
gbesq
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Scooterino36 Scooterino36
I personally don鈥檛 consider my watches as investments, the money is gone and the watches are here to stay. Every purchase comes with an investment opportunity cost. As such, that decision would have been better to make prior to purchase.
What he said.
 
FREDMAYCOIN
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Hey how about silver? There鈥檚 too much gold already for the price to hit 5k it n our lifetime.
 
RonJ
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There doesn't appear to be any clear evidence which way valuations will go in the next 10 years or so.

The governments have been borrowing and printed more money like crazy, so one school of thought is this will lead to a high level of artificial inflation (printed money will be worth less). This will artificially raise the price of things like gold and watches, but you might not get more "buying power" for them.

The other completely-opposite thought is we are on the verge of an economic collapse and we'll all be in soup lines soon. If that is the case, then "cash is king" and things like watches will go way down in price.

No telling what the future holds, so, like always, live life to the fullest and enjoy things like watches along the way.
.
 
Marsimaxam
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Let me check my crystal ball, wait, that's broken, where's my magic 8-ball I always use to predict the markets?
 
Engee
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You want to hedge for the future? Learn how to grow food.
 
Wryfox
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Production cost of gold is ~$1300/oz. When it was at 1500 it was a bargain. Still not so bad at $2k considering the current situation. I fully expected it to be $3000+ by now.
 
Philip Loftus
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Scooterino36 Scooterino36
I don鈥檛 really follow, repurchasing your watch is a missed opportunity to invest in another asset that yields returns, which is not unique to this climate. There鈥檚 always an opportunity cost. If I didn鈥檛 buy my 2 Omegas in 2018 and instead bought say Apple or Tesla stock, I could have sold my stock today and bought 3 Omegas.
You repurchase yr watches and thereby repay the loan you took to buy the gold.
 
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