~HUGE~ APPLE WATCH to BOOST GOLD DEMAND? – Apple Watch Demand to Use Up Third of World’s Gold?
APPLE WATCH to BOOST GOLD DEMAND? – Apple Watch Demand to Use Up Third of World’s Gold?
The high-end version of the Apple Watch, the Edition collection, launched today (Monday) and goes on sale April 24. It will have a case made of 18-karat solid gold and start at $10,000. And Apple thinks it’s going to sell a boatload of them. According to Wall Street Journal estimates, Apple plans to produce as many as 1 million units of the Edition each month.
If some of the sales and gold content projections are correct, the gold Apple Watch could soon gobble up nearly a third of the world’s gold production. That much new demand would be the biggest gold price catalyst we’ve seen in years. largest buyers of gold in the world are China and India. In 2014, India consumed a total 842 tonnes of gold. China was close behind at 813 tonnes. Yet Apple may soon rank in 3rd place, potentially consuming as much as 746 tonnes a year for its gold Watch.
central bankWhile that number borders on the shocking, it isn’t inconceivable. The Wall Street Journal estimate equates to 12 million units annually, supported by strong demand from China in particular. Josh Centers of TidBits calculated that each Apple Watch will contain two troy ounces of gold. Annual sales of 12 million units, times two ounces, equates to 24 million ounces – or about 746 tonnes.
That takes into account that the Apple Watch will be 18K gold, which by definition means it will be 75% pure. (Pure 24K gold is too soft for a watch. Apple is thought to be mixing in low-density ceramic particles rather than other metals as other manufacturers do.) But in a more modest scenario, the Apple Watch figures to be a major gold price catalyst
Assuming the Apple Watch Edition contains 2 troy ounces of gold (2 troy ounces equals 62.2 grams), Centers estimates Apple would need 24 million troy ounces of gold per year for its watches. Or roughly 746 metric tons. About 2,500 metric tons of gold are mined per year, so if Apple uses 746 metric tons they’ll need about 30% of the world’s annual gold production. The price of gold is currently $1,200 per ounce, which would make Apple’s annual gold needs somewhere around $28.8 billion. Apple would need to store more gold per year than Rolex makes in sales. The annual sales of high-end Swiss watches was about 27 million in 2013. Apple would have to takeover 45% of the entire luxury watch industry to hit its mark. If history is any indication though, there’s one company that can completely dominate an old tired market despite pricing, and it’s Apple. rolex hublot magic gold magicgold patent Following the announcement of the new iPhone 6, Twitter exploded with concerns that Apple’s new ‘Apple Pay’ system, which uses the cellphone’s fingerprint scanner to complete purchases, represents the biblical “mark of the beast.”
Tech’s worst kept secret has been revealed. Apple on Tuesday introduced new two new larger screen iPhones, a new mobile payments system and an Apple Watch. “apple watch” apple watch gold “apple watch edition” luxury tech technology edition “gold bullion” “18k gold” 18k “luxury watch” new latest gadget macbook “apple macbook” “gold bar” silver platinum mining “gold mine” global china chinese production timepiece industry review 2015 2016 price trading “gold etf” “gold trading” rolex app application trendy trends trending entertainment demand sale ceramic commodity consumer “stock market” stocks “apple stocks” news “elite nwo agenda” alex jones conspiracy rant david icke lindsey williams jsnip4 dvd price first look bilderberg 2015 rfid chip big brother george orwell smart watch lvmh hublot gerald celente trends in the news sheep sheeple riots black market sold out iphone 6s iphone 7 macbook retina daboo77 lockergnome anonymous montagraph
Now the inevitable question turns to whether all those people postponing the purchase of a new smartphone or plunging into the wearables space should start lining up now. It’s a question that cannot be answered immediately, not without testing out the new phones or Apple’s new smartwatch first. Given the frenzy of interest following the announcement of the Apple Watch, you might think wearables will be the next really important shift in technology.
Wearables will have their moment in the sun, but they’re simply a transition technology. Technology will move from existing outside our bodies to residing inside us. Apple has reported the largest quarterly profit ever made by a public company. ifixit it’s no surprise. the margins the company makes on its products are huge. macbook gold silver grey review unboxing first look
Read more at http://investmentwatchblog.com/apple-watch-to...jRiDYtT.99
APPLE WATCH to BOOST GOLD DEMAND? – Apple Watch Demand to Use Up Third of World’s Gold?
The high-end version of the Apple Watch, the Edition collection, launched today (Monday) and goes on sale April 24. It will have a case made of 18-karat solid gold and start at $10,000. And Apple thinks it’s going to sell a boatload of them. According to Wall Street Journal estimates, Apple plans to produce as many as 1 million units of the Edition each month.
If some of the sales and gold content projections are correct, the gold Apple Watch could soon gobble up nearly a third of the world’s gold production. That much new demand would be the biggest gold price catalyst we’ve seen in years. largest buyers of gold in the world are China and India. In 2014, India consumed a total 842 tonnes of gold. China was close behind at 813 tonnes. Yet Apple may soon rank in 3rd place, potentially consuming as much as 746 tonnes a year for its gold Watch.
central bankWhile that number borders on the shocking, it isn’t inconceivable. The Wall Street Journal estimate equates to 12 million units annually, supported by strong demand from China in particular. Josh Centers of TidBits calculated that each Apple Watch will contain two troy ounces of gold. Annual sales of 12 million units, times two ounces, equates to 24 million ounces – or about 746 tonnes.
That takes into account that the Apple Watch will be 18K gold, which by definition means it will be 75% pure. (Pure 24K gold is too soft for a watch. Apple is thought to be mixing in low-density ceramic particles rather than other metals as other manufacturers do.) But in a more modest scenario, the Apple Watch figures to be a major gold price catalyst
Assuming the Apple Watch Edition contains 2 troy ounces of gold (2 troy ounces equals 62.2 grams), Centers estimates Apple would need 24 million troy ounces of gold per year for its watches. Or roughly 746 metric tons. About 2,500 metric tons of gold are mined per year, so if Apple uses 746 metric tons they’ll need about 30% of the world’s annual gold production. The price of gold is currently $1,200 per ounce, which would make Apple’s annual gold needs somewhere around $28.8 billion. Apple would need to store more gold per year than Rolex makes in sales. The annual sales of high-end Swiss watches was about 27 million in 2013. Apple would have to takeover 45% of the entire luxury watch industry to hit its mark. If history is any indication though, there’s one company that can completely dominate an old tired market despite pricing, and it’s Apple. rolex hublot magic gold magicgold patent Following the announcement of the new iPhone 6, Twitter exploded with concerns that Apple’s new ‘Apple Pay’ system, which uses the cellphone’s fingerprint scanner to complete purchases, represents the biblical “mark of the beast.”
Tech’s worst kept secret has been revealed. Apple on Tuesday introduced new two new larger screen iPhones, a new mobile payments system and an Apple Watch. “apple watch” apple watch gold “apple watch edition” luxury tech technology edition “gold bullion” “18k gold” 18k “luxury watch” new latest gadget macbook “apple macbook” “gold bar” silver platinum mining “gold mine” global china chinese production timepiece industry review 2015 2016 price trading “gold etf” “gold trading” rolex app application trendy trends trending entertainment demand sale ceramic commodity consumer “stock market” stocks “apple stocks” news “elite nwo agenda” alex jones conspiracy rant david icke lindsey williams jsnip4 dvd price first look bilderberg 2015 rfid chip big brother george orwell smart watch lvmh hublot gerald celente trends in the news sheep sheeple riots black market sold out iphone 6s iphone 7 macbook retina daboo77 lockergnome anonymous montagraph
Now the inevitable question turns to whether all those people postponing the purchase of a new smartphone or plunging into the wearables space should start lining up now. It’s a question that cannot be answered immediately, not without testing out the new phones or Apple’s new smartwatch first. Given the frenzy of interest following the announcement of the Apple Watch, you might think wearables will be the next really important shift in technology.
Wearables will have their moment in the sun, but they’re simply a transition technology. Technology will move from existing outside our bodies to residing inside us. Apple has reported the largest quarterly profit ever made by a public company. ifixit it’s no surprise. the margins the company makes on its products are huge. macbook gold silver grey review unboxing first look
Read more at http://investmentwatchblog.com/apple-watch-to...jRiDYtT.99
