Investment: Watches or Silver

Jislizard said:
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)
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+1. spot on.

I love my watches, but you are going to be lucky to make money out of it.
 
gazzahere said:
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
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Thanks Gazza,

You are correct in me knowing 'the game,' i love trading, as i like to be a better bargain for myself, and who knows if the other person thinks they are doing better :cool:

I have a Movato watch that was given to me about a year ago, and its stainless steel, which id prefer a rubber strap or a brown leather one. Anyways i like vintage stuff, and so im fond of the military styling of watches. You asked me, somewhat, to order that list, so here it goes;

Is it the people you deal with when buying and selling?

Well, people can be a pain in the butt, but i do enjoy meeting them and seeing there collections and seeing what they buy/sell and what they are into. That gives me further interest to hunt for them, and trade for something i like that they have.

Is it the love of the pieces for their individual beauty - or perhaps their historical significance?

Both, not many pieces have historical significance, but when/if they do, i definitely add value to where it needs to be, and gives me a greater appreciation for the piece. As i said, i love old things, and thinking about the quality of things that life used to be, and compare it to today, saddens me. Probably why i like the look, and the quality of hand poured bars.

Is it for the profit?

A little bit, i hate loosing money, doesn't mean it wont happen again, and i wont reinvest in the same thing i lost money on. I just hope to recoup my investment plus a little, if not 300% over, i dont think that happens with silver :lol:

Is it for anything else?

I think you pretty much covered everything of buying and selling.

Is there anything you don't like about 'the game'?

Some of the people who just want money and wont trade, people who are too cocky and have there head up there ass. ;)
 
Watches can be pretty good investments, I'm eyeing off a second hand Rolex Oyster circa 1991. I reckon I could possibly flip it for at least what i've pay for it, if not it'll look great around the wrist.
 
That's a nice piece, but no the one I was looking at was at a local secondhand watch store in Adelaide. It was a men's pearl oyster.. around 2k.
 
Howiefied said:
That's a nice piece, but no the one I was looking at was at a local secondhand watch store in Adelaide. It was a men's pearl oyster.. around 2k.
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Good deal indeed. Here are a few watches i was looking at, a few out of my price range. The carbon fiber and rose gold, id buy tomorrow (not literally) if someone had for $5000.

http://cgi.ebay.com/ws/eBayISAPI.dl...sspagename=STRK:MEWAX:IT&orig_cvip=true&rt=nc

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=230822497347

http://cgi.ebay.com/ws/eBayISAPI.dl...sspagename=STRK:MEWAX:IT&orig_cvip=true&rt=nc

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=251102653479

http://www.ebay.com/itm/120942866227?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/180921278649?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/380447700086?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/221053175167?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/350559984187?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/180917347329?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/380451540078?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/261058388610?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://www.ebay.com/itm/160817741547?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=370629605745
 
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