I mention all of this because this relationship directly affects the value of gold watches, especially the simplest and least interesting pieces.īuying gold watches for their weight is always a great deal. You can see this clearly in the chart below, which shows the relationship between gold and the value of the U.S.

When the world economy becomes unstable, people are afraid to invest and seek ways to save their money that seem safer.įor thousands of years, gold has been considered one of the safest ways to keep money, so gold is valued in times of crisis. In simplest terms, when the world economy is healthy, people invest in businesses and stocks, and the value of the U.S. In the world economy today, one of the most basic principles is the relationship between the price of gold and the U.S. The U.S. dollar goes up, gold prices go down Sometimes when these watches are offered to me, I cannot resist, and buy them anyway for the love of watchmaking - or perhaps for the hope that someday a new generation of collectors will find value in these timepieces. Many of these pieces have lost much of their value, and today they are only worth their weight in gold most of them end up being melted.

I have been following the watch market for the last 20 years, and in that time purchasers have become less interested in dress watches for daily wear, and their value is also declining among collectors the same trend applies to ordinary pocket watches. There are only a few dress watches in my collection. These timepieces are different from watches that simply mark the hours, or dress watches that are usually smaller, often made of gold, and intended for formal occasions or daily use. I have always considered myself a collector of “tool watches” – precision instruments with technical uses, such as timepieces for divers, the military, sportsmen, engineers, aviators, and astronauts. Diverting a pocket watch from the melting pot retrieves a timepiece of historical significance

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