I often see posts about ways of obtaining assets that will hold their value through time. People talk of gold sovereigns, coins, collectable stamps, wine, old cars etc.
When I was in my early twenties, I lost a beautiful gold watch left to me by my grandfather. I never forgot, and a few months ago, I spotted on Ebay what appeared to be the same watch, same make, though probably just very similar (memory plays tricks). It was expensive (c.900 quid) but after 40 years, I was finally able to ease my guilty conscience.
It was unused still in its original case and with small booklet, documentation etc, including the date (2005) of sale and original price.
A few days ago, I looked at my list of RPI/CPI and was surprised to discover that the price had kept perfectly (+/-5%) level with the RPI.
I'm far too close to retirement to start filling my house with watches
but I thought this may be interesting to somebody. Possibly easier to sell than sovereigns, bigger than stamps but smaller than cars, wines and malt whiskies! Of course, when your collection grows, putting the hour forward/back every six months would be a pain, but at least you'd have an excuse to do a quality control on your malt whisky collection!
Steve
