Hamilton are good especially their field watches. Hamilton Khaki is a classic. I would just keep saving for the Panerai, you're right about the fakes, years ago there was a load of them, because Panerai made it too easy to copy them. The superclones coming out of China now are a different story though, you need to be a true expert/watchmaker to tell the difference. If you buy from a reputable dealer though there is no probs, also don't buy a Panerai brand new!