Tomhighway Posted November 17, 2008 Report Share Posted November 17, 2008 (edited) Anyone else finding this a problem with the cost of watches now? They are becoming expensive IMHO! TomH Edited November 17, 2008 by Tomhighway Quote Link to comment Share on other sites More sharing options...
pauld Posted November 17, 2008 Report Share Posted November 17, 2008 Anyone else finding this a problem with the cost of watches now? They are becoming expensive IMHO! TomH Ooh, i hear ya.......... Quote Link to comment Share on other sites More sharing options...
hambone Posted November 17, 2008 Report Share Posted November 17, 2008 It's about time the dollar gained ground over the Euro. Not for Europeans of course,but it makes my visits to Finland a little easier Quote Link to comment Share on other sites More sharing options...
RobbieG Posted November 17, 2008 Report Share Posted November 17, 2008 Yeah, you guys across the pond have got to give us American pikers a chance to get the best of it for a while, albiet short lived. No doubt my long term view of the EUR/USD cross is still bullish (meaning the dollar hasn't got a chance - too much cheap money sloshing around the universe for too long...) Quote Link to comment Share on other sites More sharing options...
mars08 Posted November 17, 2008 Report Share Posted November 17, 2008 The Aussie dollar has shrunk too... 0.9761 ---16 July 0.6521 ---16 Nov That's a 33% drop. If I bought a watch today, I'd be paying one-and-a-half times what I paid four months ago! Think I'll wait a while... Quote Link to comment Share on other sites More sharing options...
jamesg Posted November 17, 2008 Report Share Posted November 17, 2008 Completely agree with you TomH - all purchases on hold for a while! I work for a Tier 1 IT manufacturer and as we buy in components etc in USD but sell in GBP for the first time ever prices are going up after decades of an average year on year 10% price drop. Customers can't believe it! Many predict GBP:USD will hit 1.0:1.4 once Obama is in office which will play havoc with my sales and buying anything in USD!! Quote Link to comment Share on other sites More sharing options...
Delboy Posted November 17, 2008 Report Share Posted November 17, 2008 It's Definatley put my purchasing plans on hold Quote Link to comment Share on other sites More sharing options...
coolfire Posted November 17, 2008 Report Share Posted November 17, 2008 It's Definatley put my purchasing plans on hold Definitely! Quote Link to comment Share on other sites More sharing options...
Tomhighway Posted November 17, 2008 Author Report Share Posted November 17, 2008 Well yeah , The new Pam`s out are now around Quote Link to comment Share on other sites More sharing options...
hn121 Posted November 17, 2008 Report Share Posted November 17, 2008 It should be interesting to see what happens with rep prices. I remember when the dollar took a nose dive and rep prices suddenly shot up with most dealers trying to justify it due to the weak dollar. Will we see a drop in rep prices because of the stronger dollar? I doubt it somehow Quote Link to comment Share on other sites More sharing options...
Tomhighway Posted November 17, 2008 Author Report Share Posted November 17, 2008 (edited) Well if sales slow which I am sure they will for most EU buyers at the mercy of the strong Dollar, prices will have to give a bit! TomH Edited November 17, 2008 by Tomhighway Quote Link to comment Share on other sites More sharing options...
coolfire Posted November 17, 2008 Report Share Posted November 17, 2008 I seriously hope so! Quote Link to comment Share on other sites More sharing options...
Rxus Posted November 17, 2008 Report Share Posted November 17, 2008 I feel for the EU guys, but the prices never let off for our failing dollar. But fear not as this is a mere political mechanism to gain popularity among those who don't trust this new guy in the captain's chair (my self included). Point being that the euro and british pound will go back to the top in short time. Quote Link to comment Share on other sites More sharing options...
RichBlack Posted November 17, 2008 Report Share Posted November 17, 2008 Yep same here, seen a few nice watches in the sales section I have had to let slip by .......... Quote Link to comment Share on other sites More sharing options...
fakemaster Posted November 17, 2008 Report Share Posted November 17, 2008 The dollar may be stronger but the prices are still going up. Quote Link to comment Share on other sites More sharing options...
Bibbs Posted November 17, 2008 Report Share Posted November 17, 2008 It is causing me to wait till after Xmas before I look at buying any more. Quote Link to comment Share on other sites More sharing options...
XWORD Posted November 17, 2008 Report Share Posted November 17, 2008 Prices will only fall if everyone is forced to play the "waiting game" and a lot of this will be for stocked items. As soon as the in stock is depleted prices will remain or stabilize. Quote Link to comment Share on other sites More sharing options...
Shundi Posted November 17, 2008 Report Share Posted November 17, 2008 Predictions are that even though the Japanese economy is effectively in a recession, the Yen will be the dominant currency for the next 5 or so years.... we'll see what happens...at some point dealers are going to have to move their stock. Quote Link to comment Share on other sites More sharing options...
eye.surgeon Posted November 17, 2008 Report Share Posted November 17, 2008 about time Quote Link to comment Share on other sites More sharing options...
slay Posted November 17, 2008 Report Share Posted November 17, 2008 i dont see why the dollar is so strong. the currency is baked by NOTHING, not even economic strentgh, the whole US economy is a mess and 90% of the stuff consumed in america is made in china Quote Link to comment Share on other sites More sharing options...
iwillfindyou Posted November 17, 2008 Report Share Posted November 17, 2008 all i know is that gas prices were at almost $5.00 a gallon this summer for regular unleaded fuel in the CA, US and noow in my city it is down to $2.15. things are taking a turn here on my home turf Quote Link to comment Share on other sites More sharing options...
Shundi Posted November 17, 2008 Report Share Posted November 17, 2008 The economy might be a "mess" but it's the result of actions in the financial industry and the resulting panic....there are many, many companies whose stocks are falling simply because consumers don't have confidence in much of anything right now... regardless, the US economy is still fundamentally strong and I think we're going to see a lot of these losses reverse themselves as consumer and investor confidence increase... about a year ago I was out to dinner with some European friends and their business associates... one of them actually laughed in my face and told me that stupid Americans had doomed the US economy and that I should consider transferring my assets to Europe and purchasing Euros... I sent him a polite email a few weeks ago inquiring as to how the bank he works for in the EU is doing right now... It's very easy to criticize US corporations for this current situations but at the same time, EU banks and corporations were purchasing and issuing some very risky derivatives and were wayyy over leveraged... another reason that the GAAP to IASB standards transition has now been pushed back to something like 2013 (haven't really followed it so not sure that's the year)... We'll see, things will rebound but- as usual - the economy generally shits the bed much, much faster than it recovers from it Quote Link to comment Share on other sites More sharing options...
jot9011 Posted November 17, 2008 Report Share Posted November 17, 2008 This is how is I understand it. Investors are selling their foreign assets for a big shopping trip in the US. They sell their stocks, sell their Euros, Pounds and whichever major currencies they have (which all are falling) to buy dollars (getting stronger) and buy into several diverse investments from stock to oil and other resources... Stocks are so cheap now it's a golden opportunity, and if you know what you're doing, you can make a ton of money. More demand for the USD results in increasing strength. Quote Link to comment Share on other sites More sharing options...
Shundi Posted November 17, 2008 Report Share Posted November 17, 2008 This is how is I understand it. Investors are selling their foreign assets for a big shopping trip in the US. They sell their stocks, sell their Euros, Pounds and whichever major currencies they have (which all are falling) to buy dollars (getting stronger) and buy into several diverse investments from stock to oil and other resources... Stocks are so cheap now it's a golden opportunity, and if you know what you're doing, you can make a ton of money. More demand for the USD results in increasing strength. I think that's pretty well said... I was working on an enterprise valuation for a fortune 1000 company we're looking at and without getting too technical this company's share price was so absurdly low based on its book value and financials that you'd be nuts NOT to buy it...but that's what's happening... people have lost confidence, stocks have tanked, and now people see that the US economy is fundamentally strong and are purchasing instruments to capitalize on the growth everyone thinks we'll see within the next 5 years Quote Link to comment Share on other sites More sharing options...
ratchpot Posted November 17, 2008 Report Share Posted November 17, 2008 Anyone else finding this a problem with the cost of watches now? They are becoming expensive IMHO! TomH Tell me about it. I wanted to pull the trigger on a gen pre-owned RO Chrono last week, but it's around 30% more expensive in pounds than it would have been 6 months ago. Quote Link to comment Share on other sites More sharing options...
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