MoveForward
Veteran
Calling him a c00n is a stretch but he is fiscally irresponsible and ignorant.
Bandman Kevo says custom jewelry doesn't lose its value despite coli belief
- Thread starter BrothaZay
- Start date
Killigraphy
Banned
Hard cap on this one...
1. Diamonds are intrinsically worthless, you're not getting anything close to what you paid for....even from said Jeweler.
2. Gold does keep some better value on returns (10-20%) if the jeweler/pawn shop is feeling giving, either way, you're NEVER getting 100% back on anything you purchase in life. Any jeweler will tell you this.
The only truth he mentioned, was yes, a Jeweler can melt down your current piece and make something of the same value....but....he's charging you the work fee, and the total value of the piece now drops, every time you melt it down.
A fukkboi and his money are always parting ways.
1. Diamonds are intrinsically worthless, you're not getting anything close to what you paid for....even from said Jeweler.
2. Gold does keep some better value on returns (10-20%) if the jeweler/pawn shop is feeling giving, either way, you're NEVER getting 100% back on anything you purchase in life. Any jeweler will tell you this.
The only truth he mentioned, was yes, a Jeweler can melt down your current piece and make something of the same value....but....he's charging you the work fee, and the total value of the piece now drops, every time you melt it down.
A fukkboi and his money are always parting ways.
I always wanted a blue submariner rolex.. so when I was able to buy it 10times I went for it.. makes me feel great and also it’s symbolic in a way that I would never “waste”time . So it’s valuable to me in that sense and obviously it’s an accomplishments.. same can be said why do u wear head phones ? Why do u have shoes on ? Why do u have an iPhone.. everyone has their preference and I would never wear a 10$ watch and it keeps GREAT time. I don’t follow fashion I lead.. so everything’s not for everyone .. BE U and DO U . PERIOD
Also feels good to wear around CACS and or certain people who think they better then u but I got 15k on your wrist like it ain’t shyt..
These virtue signaling pocket watching nikkas are disgusting.I always wanted a blue submariner rolex.. so when I was able to buy it 10times I went for it.. makes me feel great and also it’s symbolic in a way that I would never “waste”time . So it’s valuable to me in that sense and obviously it’s an accomplishments.. same can be said why do u wear head phones ? Why do u have shoes on ? Why do u have an iPhone.. everyone has their preference and I would never wear a 10$ watch and it keeps GREAT time. I don’t follow fashion I lead.. so everything’s not for everyone .. BE U and DO U . PERIOD
Also feels good to wear around CACS and or certain people who think they better then u but I got 15k on your wrist like it ain’t shyt..
Crazy eh
u goto the right spot..they treat em like vehicles...
strip it down...n part it... diamonds legit... diamond will be purchased...
the gold right ..sold by the oz...
strip it down...n part it... diamonds legit... diamond will be purchased...
the gold right ..sold by the oz...
I feel you...but I'm the first one that will tell you you're crazy for having a $200 pair of shoes on and don't get me started on IPhone users. My mind works different when it comes to knowing the value of things...I always wanted a blue submariner rolex.. so when I was able to buy it 10times I went for it.. makes me feel great and also it’s symbolic in a way that I would never “waste”time . So it’s valuable to me in that sense and obviously it’s an accomplishments.. same can be said why do u wear head phones ? Why do u have shoes on ? Why do u have an iPhone.. everyone has their preference and I would never wear a 10$ watch and it keeps GREAT time. I don’t follow fashion I lead.. so everything’s not for everyone .. BE U and DO U . PERIOD
Also feels good to wear around CACS and or certain people who think they better then u but I got 15k on your wrist like it ain’t shyt..
The Devil's Advocate
Call me Dad
That wasn't his point though.
He's not saying it's an investment or he can get the same exact price back... He's saying it's not a big loss like you think it is. It's not get a bust down for $300k total and then in 10 years get back 50k.
It's more like, get a bust down for $300k, confirm with the jeweler that he'll take 250k for it when you bring it back next year... Get another bust down for 50k, but brand new... And the industry (cause he speaks on image) will think you got 600k worth of jewelry, but you only paid 350k.
It's like an iphone cause he added in making payments too. So for the image to look like you got new pieces, never seen the same chain twice, damn he rich, look at all his jewelry... He's really spending a slight fraction of the cost and doing upgrades every year....
It's all about image.
Add this in too. As an entertainer, these are all seen as promotional items. Especially if you get your name or company logo on stuff. It's part of your job. You need these things. Just because you buy a $50000 desk for your office, doesn't mean you can't write it off just like a $50 desk. That promotional flyer is doing the same thing as you walking around with your record label on your neck.
Low grade diamonds aint it.
that's just me tho...It’s all about perspective.. first off something’s you pay money for are not only valuable to you but other people on earth...
For example you buy a Louis Vuitton belt for 800-1000$ a lot may think your crazy, but in reality depending on the condition you will always get anywhere from 400-500$ for that said belt..
also when it comes to shoes , idk what your wearing but i have some margielas for example they’re about 600-700$ .. ok some may say your crazy but if your wearing 60-120$ shoes that need to be replaced every 6 months .. and 2 years later you spent 240-480$ ... and I spent 600-700$ and it’s going on 5 years I have them and their MINT .. then WHOS spending more on shoes ? All perspective and your perspective ain’t nothing to be proud of.. no1 likes a cheap weirdo IMHO
It’s dumb.
Even if the loss “isn’t as bad as people think”, it’s unequivocally worse than literally doing nothing with that money. If you just left the money in a shoebox in your garage, it would be a better investment.
Even if the loss “isn’t as bad as people think”, it’s unequivocally worse than literally doing nothing with that money. If you just left the money in a shoebox in your garage, it would be a better investment.
The Devil's Advocate
Call me Dad
Which is why he said what he said about image. For Joe Blow, nah it doesn't make any sense. If you want to be a famous rapper, running around with no jewelry is not going to garner the attention you need. Not in person, not in pics, and not at the show. You'd be hard pressed to name 10 rappers who didn't wear expensive jewelry. I can personally only thing of DMX and Eminem. It's promotion. I don't care who you are or who you think you are, you see somebody SHINING, you're going to look and wonder, "Who's that to be having all that shyt on?" Bill Gates is going to look over. It's over the top, it's eye catching, and it makes people think you have money, want your money, and want to know how you got your money...
It's an investment in your brand. So leasing/selling back/upgrading is much better than wearing the same chain for 10 years or not wearing one at all. "It's all entertainment" - Dr. Dre
There are way too many rappers who bought a ton of jewelry who weren’t shyt.
and the jewelry didn’t help.
I don’t buy this image crap.