Not when its wrapped around your wrist it is not. Also if you ever need any quick cash and buy the right watch/gold chain you can always sell it for instant cash.i bought my omega for £550 in 2000 and sold it in for £950 in 2009.
Seems to be £125 cheaper at the same shop following this link
A good classic watch is a great investment, if affordable!
Most Omega (albeit Speedmaster) owners wear theirs on a Tuesday. It's actually a thing. Nice watch, and great price. Don't know why this is cold.
Functionally, a piece of string is more useful than a gold chain though ;)