Rolex and Recession: Now that Times Are Hard, Should You Invest in a Rolex?
Monday, 8. February 2010
A Reuters story that appeared late last year said that Singaporeans are now trading their Rolex watches, including the popular Datejust watches, and are now settling for less pricey brands. This is because recession has hit the Asian city-state quite badly and people are trying to cash in on the value of their Rolex watches.
People from all over the world are relying on their Rolex Oyster Perpetual and Datejust to save them. Jewelers are claiming that there is rise of people from around the world who are collecting new and pre-owned watches Rolex watches even with the unemployment rate at an all time high. Not only are people still collecting them but the prices of watches are going up. Collectors are starting to understand that gold and silver are worth more than paper.
If your fortunate enough to have money to invest, the Rolex Oyster Perpetual Datejust would be a great starting point. Gold is at an all time high and with cash4gold watches are coming a commodity. The Rolex has craftsmanship that cannot be duplicated and if you decide to sell your watch down the line, give it a good buff and you could make a good return.
