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Re appreciating in value. Long term I'm sure a Rolex GMT is a good bet. But right now it's peak GMT fever, after a great stock market run, a good 10yrs after the last recession, not long before Brexit is going to be implemented, with a nutter in the White House.
For those reasons I'd be hesitant to pay a premium for something that I wanted to see a return on.
It's a funny situation though - we (may) be about to inflict 2008 on ourselves, but no-one else is going to get hit.
I suspect we'd see significant arbitrage keeping prices in the UK up for valuable/luxury goods (to an extent) with foreign demand, especially as our currency flounders.
Cars are somewhat protected due to RHD/LHD, but I've spoken to a couple of German chaps who said that for e.g. a GT3-RS at ten grand under the market would make them happy to get into the wrong side of the car.
Dammit-
but no-one else is going to get hit.
Really?
Do you genuinely believe that an economy like ours will not send out ripples?
It's forgotton now due to the Financial Crisis, but the uncertainty over 9/11 put lots of people out of work. Ultimately it didn't unfold into a full recession at that point.
My worry is the markets have had a brilliant run, but are waiting for a reason to turn. A UK economic downturn could be the event that starts things off. Most of the major US companies used Trump's tax breaks to buy back shares or trim debt, not to invest.
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make them happy to get into the wrong side of the car.
People did it the other way round back in the day. And didn't someone on here sell their e46 M3 to a Dutch lad?
hugo7
My bad. For some reason Google kept returning different watches.
Re appreciating in value. Long term I'm sure a Rolex GMT is a good bet. But right now it's peak GMT fever, after a great stock market run, a good 10yrs after the last recession, not long before Brexit is going to be implemented, with a nutter in the White House.
For those reasons I'd be hesitant to pay a premium for something that I wanted to see a return on.