Who Watches the Watchmen (Our Chit Chat Thread)

Could well be worth a visit to the UK for anyone planning some purchased of anything that isn't SS Rolex unobtainium.

A seriously weakened £stg and 20% back 🤔

I wonder would you get caught for import and vat on returning to this side ?

That's what I'd do. Actually I'd probably post those to N.I and collect them when passing.

If it’s like the Irish tax back for tourists , you file a form in the airport and the refund is then credited back to you within a short period of time.So that would have you register your details on UK side so that you could receive the refund.Wouldn’t be a big job for those details to be shared with Irish revenue.

You get the UK VAT back only if the shop ships directly to your country. You can't take the product with you out of the shop. In our case, we will have to pay 23% Irish VAT when it lands here.

Oh wait, that's the plan in the link to change that. What I posted above is the current situation. Still - you are supposed to declare the goods when importing them here and pay the Irish VAT. Not that many people would do that mind, if there is very little chance of getting caught 😂

I’m looking at buying from Chrono24 for the first time - stupid question - if I buy from a seller in an EU state is the VAT already applied? Or will I get hit with another charge by the revenue?

Morning is there any way of knowing if an item is in stock ib the Dublin warehouse of amazon? To avoid duty/customs coming from UK. Thanks

Well last night was certainly interesting with regard to sterling 😮 I do think there will be a drop back down to 1.03 and below level but that it won't breach parity Vs $ unless there is political upheaval or general striking in the UK.

The interest rates and what the BOE do will be telling. I do think rates are going to rise and I'm in the Deutsche Bank camp. I think they will breach 6% by end of March.

The speed of economic change and risk in UK is going to catch a lot by surprise and will hit hard IMO.

The Chinese Central bank has started buying securities and providing liquidity via reverse repo ops. US has done the same for years but in a sign of how important that liquidity is? The US has upped it's daily reverse repo from a $500bln average 2yrs ago, to now over 2trln for the last 6 months.

In the stocks forum here last August I started flagging the collapse of Evergrande as a moment of extreme systemic risk. The amount of dollar backed development in China that had to be underwritten by the Yuan is IMO a massive risk and the containment efforts for the ripple it is causing is now spreading and will be hard to arrest.

The impact of the Chinese investment woes and, UK £stg collapse are hitting someone's collateral hard and there will be a lot of pain to come IMO.

The problem with QE is that some point? The liquidity gets turned off and actual value has to be found.

It is a very interesting time to be in the markets. The collision of fiscal & monetary policy at odds with each is playing out in the UK and it will cause severe pain. They can't print their way out of this one.

It has undermined Euro, £ and yuan as potential reserve currencies too. The Euro at least has the market and the dominant position to ride this out.

There are so many other knock on effects to a weak £ though, combined with their restricted market access that will cause huge problems.

A quick example of how this will impact the UK. They are doubling defence spending to £100bln. A huge portion of that budget goes to US, in last 6months the £ is down over 20% versus dollar. The UK will either spend more again to get original plan? Or it will spend the new budget to get less.

Pleased to have got a call from an AD this morning to say they have a Rolex for me. Not a Sub or Date Just, but definitely a model I was considering going grey for. Absolutely chuffed :)

+1

Which Rolex is it?

good for you, from weirs?

I was in there to collect a watch in June & asked if I could put my name down against a few models I was interested in. Think I had 3 or 4 models (all steel), the guy took details & that was it.

Well done and may you wear it in good health 👍

If I recall you have no history with them?

getting stainless sports like that shows there is definitely more availability that previous.