Who’s going to be left holding the bag?

[daysky1]

Yep

[G23Guy]

Originally Posted by RoyalOac

The only way prices go down is if we drill domestically and blow up the supply.

I thought there was a refinery capacity issue as well ??

I tend to look past the goal post. I don't think the powers that be want us to have mobility. Useless eaters I believe the general population has been called.

[John Fugate]

Originally Posted by fwhawk

There are a lot of factors contributing to inflation. In my opinion, anyone who thinks stimulus checks were the leading cause of what's happening these days has a pretty poor grasp of economics.

Yea its clear it didn’t factor in ,, 😂

[TomCarter]

Yo mama

[John Fugate]

Originally Posted by TomCarter

Yo mama

You lift Bro ?

[Alex369]

Originally Posted by Papanas

When the SHTF and the Rolex manipulative market crashes
and prices fall whos going to be left holding the stink bag?

Inflation, all time high and still rising…
Supply demand on food soaring…baby formula, eggs ,
food processing and manufacturing plants going up in
flames nationwide mysteriously last 5 months
really , just happened chance?
Energy prices still soaring daily …
Housing prices still soaring and unattainable for most US citizens…
Building supplies all time high and still risings..
Shall I go on ???

Please spare me the drama/bs excuses and tell me who’s buying Rolex
at these insane inflated and manipulative prices ?
Only the super affluent and don’t give a damn or
rats a$$ about tomorrow , or stupid .
rich folk might be buying at these insane prices … just to
show boat and say I can still own it or hey , I’m part of the elite!!!

Rant … whatever
I’ve had a few Rolex in my day , sorry I sold .
Not necessarily for $$$ or gain … hard times on my business
I can’t stand seeing these crazy prices for people who are
real watch enthusiasts and not profiteers!!!
Bring it on , Bash me, curse me just don’t
cancel me…. Lol

Wait...so you're saying affluent people who can afford to buy luxury watches might be buying Rolex? Keep going galaxy brain...

[LJubel328]

Originally Posted by RoyalOac

I agree, electric is not the answer; the power grid infrastructure cannot handle a mass adopted use.

I am reading the book The Grid by Gretchen Bakke right now about the U.S. grid infrastructure. Highly recommend it if infrastructure tickles your fancy


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[EEpro]

No one who bought at the AD.

[gerry100]

People who have been trying to make money on watches instead of just appreciating and wearing them

[DJ OG]

↑ This

[Dougiebaby]

Originally Posted by Papanas

When the SHTF and the Rolex manipulative market crashes
and prices fall whos going to be left holding the stink bag?

Inflation, all time high and still rising…
Supply demand on food soaring…baby formula, eggs ,
food processing and manufacturing plants going up in
flames nationwide mysteriously last 5 months
really , just happened chance?
Energy prices still soaring daily …
Housing prices still soaring and unattainable for most US citizens…
Building supplies all time high and still risings..
Shall I go on ???

Please spare me the drama/bs excuses and tell me who’s buying Rolex
at these insane inflated and manipulative prices ?
Only the super affluent and don’t give a damn or
rats a$$ about tomorrow , or stupid .
rich folk might be buying at these insane prices … just to
show boat and say I can still own it or hey , I’m part of the elite!!!

Rant … whatever
I’ve had a few Rolex in my day , sorry I sold .
Not necessarily for $$$ or gain … hard times on my business
I can’t stand seeing these crazy prices for people who are
real watch enthusiasts and not profiteers!!!
Bring it on , Bash me, curse me just don’t
cancel me…. Lol

First, the Rolex market is not very bad … only 10-20% off the all time high prices that shot up in early 2022. Prices are still higher than end of 2021 (only 6 months ago). Also, many of the illustrations you use to show the “sky is falling” actually help the Rolex market as they are currently seen as a hard asset hedge against inflation.

I do expect the Rolex market correction to continue for a bit longer, but then it will stabilize and start going up again as we approach Christmas holiday.

*please remember China (2nd/3rd largest Rolex market) has been in lockdown for months. Do you remember what happened to the Rolex market during Covid lockdowns? Once China opens up again I expect there will be a pent up surge in Rolex/watch purchases.


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[samson66]

Originally Posted by fwhawk

There are a lot of factors contributing to inflation. In my opinion, anyone who thinks stimulus checks were the leading cause of what's happening these days has a pretty poor grasp of economics.

When you pay and thereby encourage people not to work, while at the same time putting extra money in their pockets in the form of stimulus checks it absolutely does strongly contribute to inflation. More money chasing fewer goods = inflation

Is it the "leading" cause? Probably not, but certainly a strong contributing factor.

FINALLY we are seeing some movement on interest rates that will hopefully show it down. Much too late but it's something...

[CFR]

Originally Posted by samson66

The economic policy of this current administration has been nothing short of a trainwreck.

Kindly leave politics out of it per Rule #6. Commenting on or comparing administrations, dictatorships, or regimes on watch forums never ends well. This is a place to get away from politics, not get into them -- hence Rule #6, which has been around since 2006. Thank you my friend!

[samson66]

Originally Posted by CFR

Kindly leave politics out of it per Rule #6. Commenting on or comparing administrations, dictatorships, or regimes on watch forums never ends well. This is a place to get away from politics, not get into them -- hence Rule #6, which has been around since 2006. Thank you my friend!

I hear ya. I tried to focus on economic policy as to avoid the political stuff. I will reword my response...

[jarecki]

I’d love to be left holding a bag full of Rolexes!

[Cambo]

Personally I hope this may free up one of three Rolex models I want to complete my collection…either the white gold blue dial, yellow gold green dial or the Platona. If I can get any one of these I will start building on my GS collection.

Hopefully the new economic reality will bring balance back to “The Force”

[Papanas]

Originally Posted by jarecki

I’d love to be left holding a bag full of Rolexes!

My man… me too!!!

[EEpro]

Millennials mostly.

https://www.bloomberg.com/news/artic...?sref=ZMFHsM5Z

[fwhawk]

Originally Posted by samson66

When you pay and thereby encourage people not to work, while at the same time putting extra money in their pockets in the form of stimulus checks it absolutely does strongly contribute to inflation. More money chasing fewer goods = inflation

Is it the "leading" cause? Probably not, but certainly a strong contributing factor.

FINALLY we are seeing some movement on interest rates that will hopefully show it down. Much too late but it's something...

I pretty much agree with you. My issue is with posters who seem to feel that government stimulus was the only factor leading to our current inflation. That is way too simplistic. Many seem to also ignore the fact that inflation is not just a US problem. It is an international oroblem.

[Speedsleev]

Been in this for a while. It’s not going to get that bad in regards to Rolex. You will see some DJ’s in the cases and the dealers will change their tune a bit but lets face it, I’ve had Rolex watches for a long time and and even during 2008 they only went so low.

Unless you went all in on a Pepsi at $32K or Daytona at $52K, you’ll be ok and if you’re a flipper that times it wrong, you might get a little stung but those are the risks. If you paid retail or slightly over, sit back and have drink and admire your watch, you got in for the right reasons and should just get back to the main reason we are are here, watches have never before in history been actual investments and all craziness comes to an end or changes.

Buy what you like, wear what you like, trade up and out or down and over and it would be nice to getting back to talking about the watches instead of the prices.

Maybe when it corrects enough, this forum will go back to thew way it used to be with less anger about pricing, AD’s, flippers, Grey dealers and every other arguing point.

On happier nots, I just got the call to expect the white gold Daytona on Oster flex in the next 30-60 days that I “ordered” 2 years ago. Set it and forget it!

[mountainjogger]

Originally Posted by Speedsleev

Been in this for a while. It’s not going to get that bad in regards to Rolex. You will see some DJ’s in the cases and the dealers will change their tune a bit but lets face it, I’ve had Rolex watches for a long time and and even during 2008 they only went so low.

Unless you went all in on a Pepsi at $32K or Daytona at $52K, you’ll be ok and if you’re a flipper that times it wrong, you might get a little stung but those are the risks. If you paid retail or slightly over, sit back and have drink and admire your watch, you got in for the right reasons and should just get back to the main reason we are are here, watches have never before in history been actual investments and all craziness comes to an end or changes.

Buy what you like, wear what you like, trade up and out or down and over and it would be nice to getting back to talking about the watches instead of the prices.

Maybe when it corrects enough, this forum will go back to thew way it used to be with less anger about pricing, AD’s, flippers, Grey dealers and every other arguing point.

On happier nots, I just got the call to expect the white gold Daytona on Oster flex in the next 30-60 days that I “ordered” 2 years ago. Set it and forget it!

Congrats on the Daytona!

[Fedpete]

Originally Posted by Chester01

The ship is sinking. It’s like the crowd of zebras see the lion, and no one is yet making move just yet, but they are working hard to pretend there is nothing to see here. But the reality is there is no good news, gas will soon be 10 bucks a gallon and then goods will continue to rise as the oil cartels get as much as they can before we all shift over and there will be little demand for wrist watches which most of us do not need.

Fairly accurate.


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[Mcmak]

Originally Posted by doboy007

Personally don't think it'll get that bad. Maybe down to pre-COVID levels but I guess that's pretty bad depending on ppl's entry point.

+1

[samson66]

Originally Posted by fwhawk

I pretty much agree with you. My issue is with posters who seem to feel that government stimulus was the only factor leading to our current inflation. That is way too simplistic. Many seem to also ignore the fact that inflation is not just a US problem. It is an international oroblem.

I agree, there are many factors. Supply chain issues in a global economy and the availability of "free money" in the form of extremely low interest rates were big contributors as well. All of this stemmed from COVID and the myriad of reactions to it by governments around the world. Some places did better jobs than other but since we are all interconnected economically, it affects everyone.

[amh]

Originally Posted by fwhawk

I pretty much agree with you. My issue is with posters who seem to feel that government stimulus was the only factor leading to our current inflation. That is way too simplistic. Many seem to also ignore the fact that inflation is not just a US problem. It is an international oroblem.

The problem is still government on a worldwide scale, but not going any further on that topic.

Back to watches, there is still no crash. A true crash would see watch sales completely tank, so far there's just been a slight reality check. Hot models still holding at 2x MSRP. Very slight weekly price changes, some have even recovered from the low (eg. BLNR)

[mountainjogger]

Originally Posted by amh

Back to watches, there is still no crash. A true crash would see watch sales completely tank, so far there's just been a slight reality check. Hot models still holding at 2x MSRP. Very slight weekly price changes, some have even recovered from the low (eg. BLNR)

Agree. Talk of a crash is just that. Talk.

I, and many others on this forum, are still waiting for the call to purchase at MSRP plus tax. By definition, that means demand at that price is higher than supply.

I also believe that demand is there for gray's selling at 10-30% premium. I know I would be tempted.

But 2 or 3 or more times MSRP? Not so much.

So, a pause or correction, or whatever label you want to put on it. But no signs of a crash.

Just my opinion. YMMV.

[1665fan]

Originally Posted by mountainjogger

Agree. Talk of a crash is just that. Talk.

I, and many others on this forum, are still waiting for the call to purchase at MSRP plus tax. By definition, that means demand at that price is higher than supply.

I also believe that demand is there for gray's selling at 10-30% premium. I know I would be tempted.

But 2 or 3 or more times MSRP? Not so much.

So, a pause or correction, or whatever label you want to put on it. But no signs of a crash.

Just my opinion. YMMV.

Agree, I have only been offered the Tudor pro as of late……nothing worth a damn

[Calatrava r]

I hope I am, if it's from my AD with my dream watch in it at retail.

[rolexjackson]

as long as you are buying what you love why would it matter??


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[KeithP]

Originally Posted by mountainjogger

Agree. Talk of a crash is just that. Talk.

I, and many others on this forum, are still waiting for the call to purchase at MSRP plus tax. By definition, that means demand at that price is higher than supply.

I also believe that demand is there for gray's selling at 10-30% premium. I know I would be tempted.

But 2 or 3 or more times MSRP? Not so much.

So, a pause or correction, or whatever label you want to put on it. But no signs of a crash.

Just my opinion. YMMV.

All of this