Investment: Watches or Silver
- Thread starter brando090
- Start date
I think you will get a completely different response here to what you would receive on a watch collector's forum.
However, that being said, collectables are only worth what someone will pay for them, when there is a demand. Commodities always have baseline value at which it "will" sell. It comes down to your level of risk tolerance and personal situation.
However, that being said, collectables are only worth what someone will pay for them, when there is a demand. Commodities always have baseline value at which it "will" sell. It comes down to your level of risk tolerance and personal situation.
brando090 said:
I'd rather do this
http://www.nantdistillery.com.au/index.php?module=pagesetter&func=viewpub&tid=2&pid=11
G
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5k worth of silver for as close to spot as possible, no question.
Lunarowl said:What about silver / gold watchwin-win
Ive been doing this with fountain pens, silver fountain pens. Have about 6 now, another 6 on the way
I do know this is a precious metal forum, and i know there will be more of you on the fence for silver than watches. I guess that lends itself to, anyone here collect watches? I think vintage would be better for an investment, as far as i know what im doing, which watches are a little new to me. I have a Movato, and i want something better But, i would like to look at 200 ounces of silver as well...
brando090 said:
a fine vintage watch that you know will appreciate in value would be a wonderful investment. suss out the vintage watch dealers, and talk with them, and when you find one who doesn't know his stuff, and if you see that he's undervalued one of his watches, snap it up quickly before another educated buyer purchases it.
If you are lucky enough to buy a quality vintage watch cheap then you are on a good thing. If you buy a nice vintage watch at market price for the sake of buying a nice vintage watch that might appreciate in value then you may find yourself behind the 8 ball. I would do a LOT of research first before committing to buying such a timepiece. Remember that there are people with the same investment plan as you who have been doing this for decades, and they are looking for people like you to make profit from their investment, just as one day you hope to find someone to unload your watch onto.
absolutely x 1000
unless U want to be a vintage watch flipper; ie: buy from those dealers who have undervalued it, and sell to the more knowledgable dealer next door. No need to work, just travel the cities, indeed the world, flipping vintage watches for a handsome profit every time. Living in luxury and success.
unless U want to be a vintage watch flipper; ie: buy from those dealers who have undervalued it, and sell to the more knowledgable dealer next door. No need to work, just travel the cities, indeed the world, flipping vintage watches for a handsome profit every time. Living in luxury and success.
afternoon,
"Im going to be spending around $5000 on silver, but im thinking it may be better for me to buy a vintage/new watch. Obviously a well known brand that will gradually increase in value over time. What do you guys think?"
You haven't told us the most important information and that is WHY?
what is the purpose.
Without knowing that it is impossible to give a reasoned opinion.
black sun is correct ------------ if liquidity is a factor -- then a pm wins hands down ----------- silver or gold are very liquid - almost always - and in some ways more safely traded than getting cash from a bank (at present).
black sun is also correct in that if watches are your thing and trading is the game - you certainly could make a living buying and selling watches - all you need is excellent knowledge and determination -- it is that way with many other objects as well - eg. stamps, art, coins etc etc..
You also need to be reasonably detailed when you tell us why - if you say, you want to put something away for a rainy day ---------- well, how rainy are we talking? Are we talking if times are personally tough for you or are we talking about veggies and guns and Mel Gibson movie senario's?
There are times when watches would get you very little but silver would get you a lot - and there are times when silver, gold and watches are useless and only bullets are tradable.
have a great day
Gazza
"Im going to be spending around $5000 on silver, but im thinking it may be better for me to buy a vintage/new watch. Obviously a well known brand that will gradually increase in value over time. What do you guys think?"
You haven't told us the most important information and that is WHY?
what is the purpose.
Without knowing that it is impossible to give a reasoned opinion.
black sun is correct ------------ if liquidity is a factor -- then a pm wins hands down ----------- silver or gold are very liquid - almost always - and in some ways more safely traded than getting cash from a bank (at present).
black sun is also correct in that if watches are your thing and trading is the game - you certainly could make a living buying and selling watches - all you need is excellent knowledge and determination -- it is that way with many other objects as well - eg. stamps, art, coins etc etc..
You also need to be reasonably detailed when you tell us why - if you say, you want to put something away for a rainy day ---------- well, how rainy are we talking? Are we talking if times are personally tough for you or are we talking about veggies and guns and Mel Gibson movie senario's?
There are times when watches would get you very little but silver would get you a lot - and there are times when silver, gold and watches are useless and only bullets are tradable.
have a great day
Gazza
I have been collecting vintage watches for about 10years and you can certainly do well if you pick the right brand and type of watch. Having said that if you need to sell in hurry you will be in trouble.
Condition is a very important factor, the watch must have its original dial and hands, if the dial has been replaced the value will be reduced by around 40%, even more on some models.
And watch out for all the sharks.
Condition is a very important factor, the watch must have its original dial and hands, if the dial has been replaced the value will be reduced by around 40%, even more on some models.
And watch out for all the sharks.
It will be no problem to spend 5k on a watch, you can buy the cheapest of the high end watches or the most expensive of the cheaper brands.
We accidentally went into some watch shops in Hong Kong thinking we might pick up a cheap Tag Heuer, fools!
We ended up with a tissot from a side street. There is some serious money to be made in watches but they aren't rare or hard to come buy, just expensive.
Maybe a watch that went to the moon, or stopped a bullet, or belonged to Wyatt Earp, but the rest, there's just too many around, anyone with money can buy one direct from a shop first hand, with a warranty. Why would a rich person buy one from you, second hand without a warranty?
I would go with silver (but then I am hopeless at telling the time)
We accidentally went into some watch shops in Hong Kong thinking we might pick up a cheap Tag Heuer, fools!
We ended up with a tissot from a side street. There is some serious money to be made in watches but they aren't rare or hard to come buy, just expensive.
Maybe a watch that went to the moon, or stopped a bullet, or belonged to Wyatt Earp, but the rest, there's just too many around, anyone with money can buy one direct from a shop first hand, with a warranty. Why would a rich person buy one from you, second hand without a warranty?
I would go with silver (but then I am hopeless at telling the time)
morning all, hi brando
in answer to my query on why you were debating silver or watches and the need for a complex answer in order to give a reasoned opinion - you wrote
"Well, i personally love silver more than gold, unless white gold, rose gold,etc
The best thing i think for me to do, is by it now when its low, and sell it when it goes to $40-50 an ounce. And than buy low, etc. I already buy and sell antiques, so i pretty much get the name of the game."
hmmm, well, shall I say with respect that -- that is one of the least thought out investment or trading strategies I have heard of.
However, it that's it - then that is it.
So to start
You begin with what one would normally think of as the most important reason (normally people put the most important things first) ----------- your love for silver ------------ and that's fine.
This would put you somewhere in the realm of a collector - at least of sorts.
You then go on to tell us that you buy and sell antiques - so you know the game --? I presume you mean trading.
You then say you think the best thing is to buy silver when it is low (you say it is low now) and state that you will sell when it is $40 to $50 an ounce and buy it back when it is low (no mention of how you know when low is low).
Hmmmm, I assume from all of that that you 1. like trading and 2. again like beautiful things (antiques).
As there was no mention of watches at all - I assume watches have been given the flick mentally - ie. time has passed
Can I suggest a couple of things - seriously. You may have already done some of this - but if you haven't - it is important.
1. Work out what things you like about trading antiques and prioritise them --- eg.
Is it the people you deal with when buying and selling?
Is it the love of the pieces for their individual beauty - or perhaps their historical significance?
Is it for the profit?
Is it for anything else?
Is there anything you don't like about 'the game'?
2. Work out definitions of traders and investors - then work out what you are.
3. Work out why you want to be either of these in the first place -------------- what is the end result you desire. Read that last bit again -- What is the END result you desire?
4. AFTER all that ------- it may come clear why you asked the question of watches and silver in the first place - however if it isn't clear then revisit the watch question.
5. Then revisit the silver question.
All the above should then frame more questions if required - either that or you would have sorted it out already.
All this stuff is incredibly important - I have been investing and trading for decades. I have met and befriended hundreds of people who have been staggering around the games - some for years without knowing why the hell they are doing what they have been doing. Many have lost millions of dollars, lots more have lost 000's of thousands and countless have lost 10's of thousands ----- all without a clear understanding of themselves or what they are trying to achieve. One doesn't need a clear goal - but one needs a clear direction - and not just an airy fairy one like 'make some money' ---------- god knows how many people have told me they just want to 'make some money' -- when you ask them what do they want it for and when do they want it and how do they want to make it - eg. cg or div. --------------------- the usual answer is - "Dunno, never thought about it"
So now we might be getting a little bit of an idea why 90% of traders go bust.
I hope this helps
Gazza
in answer to my query on why you were debating silver or watches and the need for a complex answer in order to give a reasoned opinion - you wrote
"Well, i personally love silver more than gold, unless white gold, rose gold,etc
The best thing i think for me to do, is by it now when its low, and sell it when it goes to $40-50 an ounce. And than buy low, etc. I already buy and sell antiques, so i pretty much get the name of the game."
hmmm, well, shall I say with respect that -- that is one of the least thought out investment or trading strategies I have heard of.
However, it that's it - then that is it.
So to start
You begin with what one would normally think of as the most important reason (normally people put the most important things first) ----------- your love for silver ------------ and that's fine.
This would put you somewhere in the realm of a collector - at least of sorts.
You then go on to tell us that you buy and sell antiques - so you know the game --? I presume you mean trading.
You then say you think the best thing is to buy silver when it is low (you say it is low now) and state that you will sell when it is $40 to $50 an ounce and buy it back when it is low (no mention of how you know when low is low).
Hmmmm, I assume from all of that that you 1. like trading and 2. again like beautiful things (antiques).
As there was no mention of watches at all - I assume watches have been given the flick mentally - ie. time has passed
Can I suggest a couple of things - seriously. You may have already done some of this - but if you haven't - it is important.
1. Work out what things you like about trading antiques and prioritise them --- eg.
Is it the people you deal with when buying and selling?
Is it the love of the pieces for their individual beauty - or perhaps their historical significance?
Is it for the profit?
Is it for anything else?
Is there anything you don't like about 'the game'?
2. Work out definitions of traders and investors - then work out what you are.
3. Work out why you want to be either of these in the first place -------------- what is the end result you desire. Read that last bit again -- What is the END result you desire?
4. AFTER all that ------- it may come clear why you asked the question of watches and silver in the first place - however if it isn't clear then revisit the watch question.
5. Then revisit the silver question.
All the above should then frame more questions if required - either that or you would have sorted it out already.
All this stuff is incredibly important - I have been investing and trading for decades. I have met and befriended hundreds of people who have been staggering around the games - some for years without knowing why the hell they are doing what they have been doing. Many have lost millions of dollars, lots more have lost 000's of thousands and countless have lost 10's of thousands ----- all without a clear understanding of themselves or what they are trying to achieve. One doesn't need a clear goal - but one needs a clear direction - and not just an airy fairy one like 'make some money' ---------- god knows how many people have told me they just want to 'make some money' -- when you ask them what do they want it for and when do they want it and how do they want to make it - eg. cg or div. --------------------- the usual answer is - "Dunno, never thought about it"
So now we might be getting a little bit of an idea why 90% of traders go bust.
I hope this helps
Gazza