“Rolexes flew off the shelves over the weekend after the Swiss franc’s surprise appreciation last Thursday sent Singapore’s luxury watch enthusiasts on a buying spree before retailers adjust their price tags.”
Source: The Straits Times.
Today, a fellow blogger sent me a message:
“I read today that pple are rushing to buy Rolex and other Swiss watches, from a value point do u think it is worth to buy now?”
To be quite honest, the thought of buying a Rolex or two crossed my mind too after reading the news regarding the Swiss Franc last week.
I thought about it a bit more and decided that although the prices of brand new Swiss made watches are certainly going to be higher in future, I would be silly to lock up money in what is a consumption item that is likely to depreciate in value over time even though I might have a margin of …