The hot craze in Singapore is trading Rolex watches as a form a currency. The price of one troy ounce of gold is over 1000USD and the dollar is getting weaker by the day. Singaporeans see that and find that their Rolex Datejust watches are worth more and is a good investment.

This only goes to show that in times of crisis, you can rely on your Rolex Oyster Perpetual to save you - that is, if you have one. Jewelers all over the world are reporting that the demand for both brand new and pre-owned Datejust and Oyster watches is still climbing despite the global recession. And instead of prices going down, as in the case of other luxury watches, they are even going up for the Rolex.

So if you have extra cash lying around that you intend to save for a rainy day, it may be a better idea to invest that money in a Rolex Oyster Perpetual Datejust instead of depositing it in the bank or putting it in the money market. Because the value of the Rolex watch continues to climb up, you may end up getting much more than you originally paid for if you decide to sell it later.

This fact is a testament to both the engineering excellence and the marketing brilliance of Rolex. When it comes to making watches, Rolex sets the standards. The Oyster Perpetual Datejust, in particular, was the first wristwatch to feature a date display, as well as the first wristwatch ever given a chronometer rating by the Contrle Officiel Suisse des Chronomtres (COSC). A chronometer rating is a certification of accuracy for a timekeeping device.

As for the marketing aspect, no one can question Rolex for their expertise on that. The company may mass-produce an Oyster watch model, but they also release limited editions of the same model. As we all know, the rarer something is, the harder it is to get and the higher its value becomes. One of the Oyster Perpetual watches that are so hard to find these days are the famed Paul Newman Daytona watches. It is said that a Paul Newman Daytona watch now costs seven times its original retail price.

And then, there is this rule of thumb in investing that money experts always give as an advice: In times of crisis, invest in a tangible commodity rather than put your money in the bank. Even banks are subject to market forces and can close their doors on you when you least expect it. When they do, you can say goodbye to your hard-earned savings.

The Rolex Oyster Perpetual Datejust comes in 18K gold as well as diamonds. Gold is the most precious metal that is used in super computers and linear accelerators that cost billions of dollars and run experiences daily. Holding on to your Rolex Datejust might be the smartest investment move you can do. Gold doesn't understand interest rates and inflation, it just grows in value at an alarming rate.

Learn more about Rolex Watches. Stop by Roman Streib"s site where you can find out all about rolex oyster perpetual datejust and what it can do for you.

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Tags: jewelery, Rolex, Rolex oyster, Rolex Oyster Perpetual Datejust, Rolex Watches, Watches

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