Worth its weight in gold? 👑💰💸
I was awe-struck when I saw the new deep sea gold release from Rolex and then quickly my mind pivoted to, “who the f- would buy this?!”
Then I thought maybe with the rise of gold prices, some could see it as an investment in the commodity (which I could support!) but the quick math doesn’t really add up.
320 grams x $75 per gram = $24K (~$28K short of the watch’s price tag)
Has anyone done the math and explored this topic from an investment perspective to find a well-priced investment watch worth its weight in gold?
Curious what you’ve found 🔎
41 comments
Sort by
Jake
What began as a mild infatuation has grown into an insatiable thirst! Collection established at 12 when I bought a knock-off Jacob & Co at the Stockton, CA, flee market.
Maryland, USA
Member since
Last active: 2 min ago
18.03 cm
To be accurate, it has to be the weight of just the gold content, and the gold used in the watch industry isn't 24 Karat gold, I think it's 18 Karat. That means a value of 56 $ per gram..... it's difficult to know the weight of just the gold, but they know very well what they are doing,..😉
Meh, I doubt you will find a solid investment option for precious metals watches.
There are some VERY knowledgeable investment peeps on here, and almost to a man/woman they shoot "watches-as-investments" theories as full of holes as swiss cheese.
To be accurate, it has to be the weight of just the gold content, and the gold used in the watch industry isn't 24 Karat gold, I think it's 18 Karat. That means a value of 56 $ per gram..... it's difficult to know the weight of just the gold, but they know very well what they are doing,..😉
Great points 💯
From what I know, I would say that the vintage world of watches would be an option to look at as a commodity investment. I know people who buy and resell watches by weight, depending on their material and not the value of the watch.
From what I know, I would say that the vintage world of watches would be an option to look at as a commodity investment. I know people who buy and resell watches by weight, depending on their material and not the value of the watch.
There are some stunning vintage gold watches I’d love to get my hands on. I’m also really fond of the gold navitimer 41, but that’s an expensive grail for down the road.
I had the same thought. Another random offer from the crown.
**it was correctly raised that I didn’t account for 18K gold vs pure gold, so the gold material value would actually be lower, further showing the lack of ROI from a commodity perspective**
Like many new releases these days (of other luxury items too) I think it's mainly targeted at rappers, celebrities, Arabs, Chinese, and other nouveau riche types
I doubt this watch will be popular in China.
The people who buy these don’t care about price tags, at least as I understand it…
Soon on your fave rap star video
All credit to @Mr.Dee.Bater and @AllTheWatches and many more who I'm forgetting about.
https://www.watchcrunch.com/Mr.Dee.Bater/posts/for-god-s-sake-can-we-finally-put-a-fork-in-it-aka-putting-an-end-to-threads-about-which-watch-is-a-better-investment-or-which-watch-will-hold-its-value-better-265419
There are much cheaper and more liquid than ways to own gold. Buy a gold ETF, priced on the screws and super liquid.
Rolex pricing isn’t really based on the watch. Supply and demand determines price and the lemmings following the hype drive the price. IMO it isn’t worth the time to try and analyze the price any further than that. 💰💸
I don't think any of us want to meet the answer to your question "who the f- would buy this?"
Buying a Rolex wristwatch is not for materials. We pay 10k for steel... and that's STEEL.
Save on the price of a weight belt ? just sayin …..
Rolex Invicta
The name on the dial is worth as much as the gold. 🤣
If you believe the profit margine on gold watches is excessive, you'll be shocked on how much watch companies mark-up stainless steel!
**AP Royal Oak has entered the chat**
All credit to @Mr.Dee.Bater and @AllTheWatches and many more who I'm forgetting about.
https://www.watchcrunch.com/Mr.Dee.Bater/posts/for-god-s-sake-can-we-finally-put-a-fork-in-it-aka-putting-an-end-to-threads-about-which-watch-is-a-better-investment-or-which-watch-will-hold-its-value-better-265419
I know the perfect investment watch!
It's made by a company called Standard & Poor's. Has the amazing Caliber 500. The indices are incredibly low cost but better than all the competition.
And it's gone up in value ~10.5% annually, on average, since its inception in 1957!!!
I know the perfect investment watch!
It's made by a company called Standard & Poor's. Has the amazing Caliber 500. The indices are incredibly low cost but better than all the competition.
And it's gone up in value ~10.5% annually, on average, since its inception in 1957!!!
I appreciate you continuing the beat the drum my friend.
I saw this watch this week…my first thought was…the ultimate douche watch from Rolex…why would you ever even consider putting pounds of gold on your wrist if you were diving to deep depths…no this is just another “trophy watch” that some douche can wear and brag about to anyone who would listen.
I like it 💥!
The people who buy these don’t care about price tags, at least as I understand it…
I suspect they also don't care about watches.
I know the perfect investment watch!
It's made by a company called Standard & Poor's. Has the amazing Caliber 500. The indices are incredibly low cost but better than all the competition.
And it's gone up in value ~10.5% annually, on average, since its inception in 1957!!!
Merely considering further diversifying my already ETF and equities-heavy portfolio. JLC is more my pace though.
The "Gold Bug" is an incessant believer. Bull or bear they believe. Currently basking in glory, even with a 20% drop they will believe. The precious metal fiend is invariant in their love. Emotional not rational, hubris over reason. Flex, heft, glint are words that will pepper their reason. Grant them empathy. Misguided as they may be, they can't help themselves.
I appreciate you continuing the beat the drum my friend.
Recently had dinner with a friend. Found out she was paying through the nose for an advisor. She pulled up her year-end summary, and advisor proudly told her, "We were able to generate a 19.63% return for you in 2023."
I said, "Yeah, but the S&P500 did 24.23% in 2023. So, relatively-speaking, BEFORE fees, he achieved a -4.6% return for you! And then he's charging how much fixed fee and on top of that a management fee?"
She switched to Schwab and put all her money into the S&P. Too funny.
Recently had dinner with a friend. Found out she was paying through the nose for an advisor. She pulled up her year-end summary, and advisor proudly told her, "We were able to generate a 19.63% return for you in 2023."
I said, "Yeah, but the S&P500 did 24.23% in 2023. So, relatively-speaking, BEFORE fees, he achieved a -4.6% return for you! And then he's charging how much fixed fee and on top of that a management fee?"
She switched to Schwab and put all her money into the S&P. Too funny.
It is astounding how many people over pay for financial advice that any basic (and free) algorithm/program can give them. <20% in an all stock portfolio (assuming this was all stock) in 2023 was poorly invested.
Nico will for sure...not