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Be careful as there are rumors of people using machetes to separate these watches from their owners on the street in certain countries just to reduce time, effort and risk.

I guess that's safer than leaving your cash out on the kitchen table, or maybe at a bus stop...but not by much if your threat model is highly sophisticated thieves/attackers capable of breaking into a safe-deposit box and/or kidnapping your family and ransoming them.

I'd rather not know what time it is than wear a Rolex. I would be self-conscious about people thinking I was that vain and materialistic, assuming it's fake, and that I was a poseur. Get a money belt if your point isn't just to show off and you're not asking to get rolled.

Unless you go for the yellow gold or two-tone (gold/steel) models, 95% of the people won't no that you're wearing a Rolex. Regular Submariner or Datejust is pretty nondescript and doesn't scream Rolex at all. Only other watch nerds will notice.