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Patek Philippe

Lutz

 

Your point is well taken, but 'planning one's portfolio' certainly isn't meant to imply a lack of caring or empathy for your fellow man and isn't done to look down one's nose at those who didn't plan themselves. If none of us consider the absolute worst is possible, and that worst comes to pass, then it is going to be much more difficult to recover. The watch collector and actor Peter Fonda put it best:  "..  I knew in the early days that if all fell to shit, [my gold watch] would get me and my family across any border."  One must remember that in the history of the world only an estimated 5 billion ounces of gold were mined, ever. When you consider lost gold, manufactured gold and central banks, there isn't enough for one in two people on the planet to hold a single ounce.  All the better when you can strap an ounce to your wrist and enjoy what it does.

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13 Comments view entire thread 

It Is The Economy

 
By: ejk : May 26th, 2009-23:43
When wavve C of he Bear market hits you will be able to buy things for pennies on the Dollar. This is the first shoe to drop their are more to come Commerical Real Estate, The Dollar and then wait till all the money we have printed hits. Just like Germany... 

Thanks for this wonderful post, Nostradamus.

 
By: amanico : May 26th, 2009-23:48
Now I feel better, knowing that I will get all the Pateks of my Dreams for ( almost ) free. This message has been edited by amanico on 2009-05-26 23:49:59

Sooo, ...

 
By: bimbeano : May 27th, 2009-03:55
you're still my best friend eerrr ???? I love Pateks too ! f

With all the money printed, before of inflation....

 
By: kkhazen : May 27th, 2009-07:38
... it means go buy anything right now thanks for the advice though, i am sure ur intention are good, but when u really love watches u don't think about it Karim

I'm the biggest bear here...

 
By: nothing but time : May 27th, 2009-12:28
...but it probably won't be that bad. The fed is printing money like crazy , they have massive swaplines with foreign governments in their respective currencies. Those governments have bought into the kooky idea that everyone needs to work in a united fas... 

Cash is king...

 
By: MiniCooper : May 27th, 2009-18:12
but the Euro is quite strong and competes with the Dollar as the world's top currency Cheers

The Euro...

 
By: constantine : May 28th, 2009-05:47
....is a total joke and it is only central bankers, mbas and so-called "experts" that believe it can mount a challenge to the USD. In some of my less illustrious and most exotic trips in faraway lands, people would only take the greenback. That said the U... 

I would disagree...

 
By: MiniCooper : May 28th, 2009-06:14
for eg the Euro as been much stronger than the US dollar for more than five years Moreover the shape of the European economy is quite decent (if you compare it with the global economy) European companies have solid foundations. Lets take the banks and the... 

wow,some decently strong words here...

 
By: lutz : May 29th, 2009-12:05
Your comment - no idea why we are discussing this here on a watch site,but as is is dedicated to Patek Philippe,this unfortunately might be not really be by chance..- and Your words are well taken,but perhaps future will prove other countries and currenci... 

Lutz

 
By: nothing but time : May 31st, 2009-06:30
Your point is well taken, but 'planning one's portfolio' certainly isn't meant to imply a lack of caring or empathy for your fellow man and isn't done to look down one's nose at those who didn't plan themselves. If none of us consider the absolute worst i...