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Its also an ultra-portable asset for when the stuff hits the fan.
by orasis 12y ago
Its also an ultra-portable asset for when the stuff hits the fan.
- smt88 12y agoThat's assuming that it holds its value and that everyone agrees on that value. I would argue that it's a terrible way to store value because very few humans in the world would buy a watch (or ANYTHING) that expensive. It's one of the least liquid assets you can own, certainly less liquid than a car of the same price. Oil or copper, by contrast, are useful in and of themselves and will continue to be valuable to human societies for many decades. You can also trade them electronically, which makes them portable. If you can't trade those things electronically, the world has fallen apart so completely that you're pretty screwed anyway. It would be complete and utter chaos, and on one would be buying your watch.