Will the prices change? [after removal of CHF peg to Euro] - Page 2

eyebeebe · #21 19.01.2015, 11:25

	Quote:	farmadoc
	No. There's 150g of gold in a solid gold Rolex Day-Date, watch and bracelet. Gold is about $41 a gram at the moment meaning there's $6150 of gold in a Day-Date if it were 24k gold - the gold is worth $4612 as it's 18k. The watch costs around $30 000 to purchase, meaning raw materials are 15% of the cost of the watch (more, because the mechanism is normally bought in and not made by Rolex).

Are you saying that the Rolex Day-Date movement isn't an in house one? Could you provide a source please? I was under the impression that all Rolex movements were in house.

On topic, on Saturday I got a 16% discount on a treadmill that will be imported from the German manufacturer.

Today only · #22 19.01.2015, 11:33

	Quote:	farmadoc
	No. There's 150g of gold in a solid gold Rolex Day-Date, watch and bracelet. Gold is about $41 a gram at the moment meaning there's $6150 of gold in a Day-Date if it were 24k gold - the gold is worth $4612 as it's 18k. The watch costs around $30 000 to purchase, meaning raw materials are 15% of the cost of the watch (more, because the mechanism is normally bought in and not made by Rolex).

Zenith used to make the chrono movement (el Primero) which Rolex bought and very slightly modifed.

Since quite a long time all movements are now made in house by Rolex.

My percentages may have been out a little, but you understood what i meant !

SOBEIT · #23 19.01.2015, 11:43

	Quote:	Wollishofener
	Much depends on the locations. Retailers in places like Basel and Schaffhausen are practically forced to reduce their prices, while retailers in places like Luzern and Bern and Glarus etc are not so much under pressure

To an extent, yes. To be frank Switzerland is not a large export economy. Services, and the financial sector, is a large part Swiss GDP, which means the money will flow into the country if the ECB does not act with QE. Eurozone investors will look for higher yields, probably in Switzerland. So, you would be a fool to right off Swiss companies just yet.

Sublime · #24 19.01.2015, 12:34

	Quote:	SOBEIT
	To an extent, yes. To be frank Switzerland is not a large export economy. Services, and the financial sector, is a large part Swiss GDP, which means the money will flow into the country if the ECB does not act with QE. Eurozone investors will look for higher yields, probably in Switzerland. So, you would be a fool to right off Swiss companies just yet.

A very good joke indeed

JoMiFa · #25 19.01.2015, 13:32

	Quote:	Wollishofener
	YES, Prices got down by 10 to 25 percent overnight. I am shocked. I clearly under-estimated the chaps Yes, indeed. This means that the Germans will have to feel the impact. Swiss Business will have to look for cheaper suppliers

If they sell in Euros, German suppliers just became about 20% cheaper for Swiss businesses?

MajorGrubert · #26 19.01.2015, 15:02

One retailer has already reacted: conrad.ch offers 15% off all purchases, using code "EURODROP" (actually it's more like a "FrancBoost" but let's not be picky).

Deep Purple · #27 19.01.2015, 15:28

Some hotels are offering price reductions. I guess this is a reaction to the worsening exchange rates for visitors

Mullhollander · #28 19.01.2015, 16:33

	Quote:	SOBEIT
	To an extent, yes. To be frank Switzerland is not a large export economy. Services, and the financial sector, is a large part Swiss GDP, which means the money will flow into the country if the ECB does not act with QE. Eurozone investors will look for higher yields, probably in Switzerland. So, you would be a fool to write off Swiss companies just yet.

One thing great about the internet is that everyone can post an opinion ...

"An expensive franc hurts Switzerland because the economy is heavily reliant on selling things abroad: exports of goods and services are worth over 70% of GDP."

http://www.economist.com/blogs/econo...st-explains-13