MHJ - Michael Hill International.

[Waltzing]

And what a collection ... 3 Bow wow's in a Boat!

Classic....

[winner69]

Michael Hill jewellery as a store of wealth ….hmmm

Got wifes jewellery valued last year for insurance purposes.

Jeweller said ‘wow, a Van Cleef & Arpels necklace. That’s a magnificent piece’ and then he drooled over a Van Cleef Arpels gold bracelet with some diamonds in it -never seen one of those before.

Went through the other stuff ….she has a lot accumulated from around the world ….and then came to gold pendant with a stone in it …..’oh Michael Hill ….only worth what the gold content and a bit for the stone ..prob less than what you paid for it’

Insurance premium went through the roof

[Waltzing]

Bought a Gold and green stone pendant last week for the other waltzer, but from a german dealer of antiques... custom local designer..

you never know in a hundred years time it might be like 1950's NZ kitchen pottery..but unlikely..

[Sideshow Bob]

Michael Hill jewellery as a store of wealth ….hmmm

Got wifes jewellery valued last year for insurance purposes.

Jeweller said ‘wow, a Van Cleef & Arpels necklace. That’s a magnificent piece’ and then he drooled over a Van Cleef Arpels gold bracelet with some diamonds in it -never seen one of those before.

Went through the other stuff ….she has a lot accumulated from around the world ….and then came to gold pendant with a stone in it …..’oh Michael Hill ….only worth what the gold content and a bit for the stone ..prob less than what you paid for it’

Insurance premium went through the roof

Not buying the jewellery, just buying the business that sells the jewellery! Have to believe in their business and model - plenty of punters out there like a bit of bling and buy something semi-regularly, so MGJ fits the bill.

Hopefully you have a few MHJ Winner, and out of the profit can get Mrs Winner some more of the good stuff!!

[Waltzing]

if it pops down sub 1.30 its a buy... the result sounds fantostic...slim chance...

[Beagle]

https://hellogiggles.com/fashion/pri...ably-stun-you/
No store of wealth here.
More likely a destroyer of wealth....lol.

Shiny things...I've had a few but you'd struggle to beat the wealth destruction of a high end Bentley
Interesting lesson in residual values here Brand New $595K https://www.trademe.co.nz/a/motors/c...5?bof=WvknSnnb
and 4 years later if you use it very sparingly and maintain it impeccably it has a retail value of just $195K, (which means about $150K in your hand to trade it in if you're really lucky, more likely about $120K).
https://www.trademe.co.nz/a/motors/c...1?bof=WvknSnnb
Yeap, just 25% residual value after just 8000 km's so the original owner burned about $450,000 peacocking around showing off...just a lazy little $56 in depreciation for each kilometre travelled lol. I doubt they cared...probably old money. I think that "just" tops any wealth destruction Michael hill jewellery will do to you lol

Sorry for off topic post...just a bit of amusement for you guys on how the upper class tear up money.

[Habits]

Shiny things...I've had a few but you'd struggle to beat the wealth destruction of a high end Bentley
Interesting lesson in residual values here Brand New $595K https://www.trademe.co.nz/a/motors/c...5?bof=WvknSnnb
and 4 years later if you use it very sparingly and maintain it impeccably it has a retail value of just $195K, (which means about $150K in your hand to trade it in if you're really lucky, more likely about $120K).
https://www.trademe.co.nz/a/motors/c...1?bof=WvknSnnb
Yeap, just 25% residual value after just 8000 km's so the original owner burned about $450,000 peacocking around showing off...just a lazy little $56 in depreciation for each kilometre travelled lol. I doubt they cared...probably old money. I think that "just" tops any wealth destruction Michael hill jewellery will do to you lol

Sorry for off topic post...just a bit of amusement for you guys on how the upper class tear up money.

Buy the second hand one beagle.... much better value to suit your well tuned senses. High inflation in 2022 could well see the 2017 model hold its value, then do a private sale and keep the retailer commission.

On MHJ I reluctantly sold half my holding in sept/oct to help a family member with a first home. House bought in may on longterm settlement deal, just quietly. Pleased to still have the remaining half but am starting to feel the stock will take a breather

[Waltzing]

"high end Bentley"

chap down the road has 2 and offered one for a drive last month... fabulous !

MHJ should drop back a bit . Its not too late for the last of the summer highs and start of the summer wines.

the upper classes invested there horse gains 20 years ago in commercial property.. the wealth increase now is staggering!!!

Now honestly your all just jealous you dont have more MHJ!

Its not too late!

[Habits]

"high end Bentley"

chap down the road has 2 and offered one for a drive last month... fabulous !

MHJ should drop back a bit . Its not too late for the last of the summer highs and start of the summer wines.

the upper classes invested there horse gains 20 years ago in commercial property.. the wealth increase now is staggering!!!

Now honestly your all just jealous you dont have more MHJ!

Its not too late!

Not so much for those who bought their commercial property through KPG. We are keeping the faith since buying in 2020. Drury is ramping up

Back to mhj, bought at around 70c

[Bjauck]

"high end Bentley"

chap down the road has 2 and offered one for a drive last month... fabulous !

MHJ should drop back a bit . Its not too late for the last of the summer highs and start of the summer wines.

the upper classes invested there horse gains 20 years ago in commercial property.. the wealth increase now is staggering!!!

Now honestly your all just jealous you dont have more MHJ!

Its not too late!

Megabucks have been made by some from NZ real estate, they can splash out on a Shergar or depreciating Bentley if they want. Desperation vs. Abundance - extremes became more so. That was NZ 2021.