FAQ: Is a gold watch a good investment?
I’m an engineering student with minimal loans and when I graduated I wanted to buy myself a gift. A gold watch in particular that’s around $ 4,500 which reminds me of my fathers watch as child. I though this would be a good idea because gold is liquid equity but does this seem like far too much for a watch? Would there be no value in something like this?
A watch is a consumer purchase, not an investment.
Any kind of jewelry is sold at ridiculous markups. Even if the watch was collectible, it would take you many years just to break even on the markup.
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