Germans fearful of euro collapse, invest their money in durables

Discussion in 'Markets & Economies' started by Black_Sun, Jul 15, 2012.

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  1. Black_Sun

    Black_Sun New Member

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    These guys will have prepositioned themselves in the event of Weimar II. Might piss off socialists who have other plans for german money.

    [youtube]http://www.youtube.com/watch?v=0QCixRh0yXc[/youtube]


    PS: Forgot about the Youtube specific forum; I'll put it in there next time...
     
    Black_Sun, Jul 15, 2012
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  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Well some of those investing in vintage steel will get burnt ,you still have to know what your doing .
    You don't just park your $ in vintage steel :D
     
    spannermonkey, Jul 15, 2012
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  3. ShadowPeo

    ShadowPeo Member Silver Stacker

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    So true, and the maintenance on those things is not cheap, we have a couple that just sitting there cost ~$3000 a year in maintenance and we do not have to deal with salt water on the roads as we do not have to salt the roads (well a few we may) due to not having the ice
     
    ShadowPeo, Jul 15, 2012
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  4. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I don't understand why, if you think that there will be an economic collapse, you would buy a very expensive, large, basically useless collectible item that no-one needs and only collectors are interested in.
     
    Shaddam IV, Jul 15, 2012
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  5. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Because IF YOU KNOW what you are doing & you have cash to park ,it's not a bad call
    But that BMW for $1m euro ,NO WAY ;)
    It's the top 1% that are getting good money ,
    If I had millions :lol: to park somewhere I would buy certain vehicles
    But not a XYGT for $600k :lol:
    Cars with race history/providence & the older the better
    Let's take a look a an old 50's Ferrari I know of ,it's a 250GT
    From what I understand it's the first real GT touring car
    The owner can't sell it for $50k (it's LHD )
    If it was a 250 California it's worth over $1.2m.
    You have to know the market before you dip your toe in
    Early Kombi's are going for crazy money ,a 21 window split front windscreen recently sold for over $120K & prices keep going up :D
     
    spannermonkey, Jul 15, 2012
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  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    I was thinking about buying a yacht from Greece and sailing back to Australia. There are some real bargains there now. But maybe the Germans will beat me to it.
     
    willrocks, Jul 16, 2012
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  7. boston

    boston Well-Known Member Silver Stacker

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    Maintenance costs for a circa 1980's rolls royce are circa $10,000 per year not including fuel, registration etc.
     
    boston, Jul 16, 2012
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  8. petey

    petey Active Member Silver Stacker

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    I just saw a KPGC10 Skyline GTR go for AUD$125,000. Factory condition - I swear those things go up $15-$25k each year.
     
    petey, Jul 16, 2012
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  9. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    What's the SNIP
    The last thing I would put my $ into would be Jap crap ,don't care what or how old it is
     
    spannermonkey, Jul 16, 2012
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  10. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    The yacht market in the U.S. is apparently cheap as chips as well.

    I remember seeing a YouTube vid posted here (can anyone find it?) about a prestige car dealer in Hong Kong who was buying up all the really high end stuff for cents on the dollar from traders who got wiped out during the GFC. He said he was just going to warehouse them until the market improved.

    Kinda funny seeing Germans paying a huge premium for high end cars when this guy in Hong Kong was getting them for 80% less than retail.
     
    Big A.D., Jul 16, 2012
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  11. thatguy

    thatguy Active Member

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    My #1 rule of investing... forget what it is worth to you or your personal preferences i.e. "I swear those things go up $15-$25k each year.". Selling stuff relies on someone else's perceived value of an item and their preferences
     
    thatguy, Jul 16, 2012
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  12. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    How about the airport car park at Dubai full of abandoned luxury cars left by expats leaving the country. Dubai still has debtors prisons for people who default on loans.
     
    Shaddam IV, Jul 16, 2012
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  13. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    All those modern sports cars :rolleyes:
    I wouldn't piss on :lol:
    People who don't have $ but can get finance only buy the new stuff.
    Now the vintage tin market is a different ball game compared to the new exotic crap ;)
     
    spannermonkey, Jul 16, 2012
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  14. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Old Skool.
     
    Shaddam IV, Jul 16, 2012
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  15. Kawa

    Kawa New Member

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    For the money you can't beat a Stock F6 Typhoon to brown your undies.
     
    Kawa, Jul 16, 2012
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  16. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    And maintenance on it :lol:
     
    spannermonkey, Jul 16, 2012
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  17. Kawa

    Kawa New Member

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    Engine and Turbo not a problem.
    Tyres are a problem .
     
    Kawa, Jul 16, 2012
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  18. Howiefied

    Howiefied New Member

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    Well all I can say is I hope they know what they're doing. In most of the major crisis in recent times, art and collectables are usually the first to drop like a stone. You can't exactly sell a van gogh when your neighbours are having trouble feeding themselves and their extended families.
     
    Howiefied, Jul 16, 2012
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  19. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Do you have a stockpile of parts & the know how to fix them ?
     
    spannermonkey, Jul 16, 2012
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  20. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    The sambas are hard to come by
    I love the T1's
    Some of the early models are fantastic.
    I'd love of those in the shed - its a pity that things with grease aren't my specialty :(
     
    Naphthalene Man, Jul 16, 2012
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