Could Apple Buy a Third of the World’s Gold?
After you click on the above link you can then download the article.
I know they are doing this because the lowest acceptable gold purity is 18 karat. Anything lower is not treated as gold.
And probably rightly so Lawrence. I get a chuckle out of the eight karat chains I see at the local stores.
For Chinese psychology, if you are poor just say your are poor. Pretending will be laughed at. In 2007 I was trying to buy a chain for my wife. The lowest was 18kt. I asked for 14 kt and the girl told me I can try flee market. Apparently she thought I was poor with her weird look.
The trouble for higher grade is that gold is too soft. So 18 might be the only choice if they want to sell in China.
There are some new high purity gold alloys in the 18-24 carat region that have increased hardness.
They may also produce silver watch for kids. In China silver jewelry for kids is a must. Parent usually buy bangles for arm, neck or legs to symbolize the ghost will not be able to take their children away. More for good fortune.
Gold Canyon. Gecko Research:
http://blog.geckoresearch.com/content/7814
Exactly, this is one of the better plays. DT
CFS…that was a good podcast interview with Quinton Hennigh. They have also re-signed with 321 gold.
Gecko Research caught up with Technical advisor and Board member Quinton Hennigh who takes us through the Gold Canyon story and its flagship property Springpole Gold Project.
Thanks Professor. I saw this. Five million ounces is nothing to sneeze at!
It is interesting that Apple is targeting China for a significant percentage of their sales of watches.
If so, why gold? It is my understanding that for prestige purposes the Chinese prefer platinum over gold.
Just asking…..
CFS, it is true platinum is going to be accepted better but they cannot source platinum at this scale.
Apple has made huge profit in China simply because of prestige. It needs to offer some thing more because its technology does not have much lead. This may trigger a competition from one of the four major smartphone producers in China to compete. If they create some thing for people to show off, people are tempted. How about sum sung? This is a nasty habit among Chinese people.
I don’t know if it is nasty, but yes it is a habit!
It is a bad habit to show off and always compare to others. Chinese men suffer the most.
Never been in that category!
They may have got the idea from their gold plated iphone 6 which is only sold in China and alway run out of stocks. The color they nick named richman gold tuhaojin
A Crook talking ! http://www.cnbc.com/id/102468940
DAY ARE destroying the internet ! Soon we all will bye ! https://www.youtube.com/watch?v=rFX6M-t1NTI
Samsung took a position in a gold miner a few years ago. Apple may need to park some fiat, so why not.
Samsung pumps $20m into Cluff Gold
September 12, 2012 4:54 pm
Cluff Gold, the London-listed gold miner, has agreed a $20m investment deal with Samsung C&T, as turbulent equity markets and the restrictions required by project funding force junior miners to seek evermore creative solutions for financing projects.
Cluff, which already has one producing mine in Burkina Faso, will receive $20m from Samsung, paying 2.5 percentage points over the benchmark lending rate, in return for selling gold to the construction and trading arm of the Korean conglomerate at a discount to market prices.
http://www.ft.com/cms/s/0/64e5c056-fce6-11e1-9dd2-00144feabdc0.html#axzz3THCz7LaW
I thought that I heard something about a platinum vetsion
cfs, the gold watches are just for the regular “bar hopping” “factory workin” kinda people, the platinum will be produced later for the Management types later.
Wait till we see what they have in mind for the actual wealthy people.
You guys are suggesting an unseating of Rolex, Omega, etc?
ON Kitco today, the Gold/Platinum Ratio is 1.02 so platinum is the cheap stuff right now!
ditto Silverbug Dave……..I agree……….
This gold watch will bring a lot of attention to gold which may spark more interest in gold coins/bars as an investment. I don’t think they’ll sell a million of them a month though, and I doubt they’ll have even one ounce of gold in each. My guess would be closer to a half ounce of 75% pure gold per watch, but that’s still significant. We’ll find out next week in any case.
Right. Nobody will allow Apple to dominate that market. Chinese government has started to systematically promote products of domestic producers even Iphone is made in China. I think it is a market so far no one dare to touch.
I would be a bit surprised if it was even one half ounce. But then again 1/2 ounce would be quite a selling point!
I would be surprise if they are allowed to produce gold watch
Dumb not dump.
Oops
I have just read that Rolex Oyster watches can contain up to 121 grams of gold, including the strap That is heavy! I am surprised that people go diving in these watches and can manage to get back to the surface with that weight on their wrist! Perhaps they have it leave it behind as ballast on the sea bed before they surface and then go out and buy a new one.
A good gold ROLEX is heavy…..especially the 18k. kind……….Nice piece of merchandise ….unlike a car, they tend to appreciate….
A third of the worlds gold. What is that 2 billion ounces? I think they will not get it at paper derivative prices any time soon. Right now it would cost 2.5 trillion at these fake market prices, an utterly trivial sum by todays standards.
********* ANOTHER BIG PLUS FOR GOLD **********
Oh…………..and I will be purchasing one !
With the current gold supply, they may have to call it off if they ever comes to the shelf. It may become a collection item later.
Bundestag vote 92% in favor of Greek Bail-out ; I think, vote occurred yesterday.
YEAH 92%…………….TO GIVE GREECE 50 BILLION MORE EURO’S WORTH OF MORE DEBT.
POOP STUPID PEOPLE OF GREECE……………………YOU WILL BE SLAVES FOREVER !!!!!
DITTO……………SLAVES FOREVER…………………
………….AND THEY ARE STILL PLAYING WITH THE PRICE OF GOLD………NOW DOWN UNDER 1200………….SEE………JUST LIKE A BAD CHILD WITH A NEW TOY………….YOU GOT TO TAKE IT AWAY FROM HIM NOW.
Frank Holmes, that is one dumb article.
Pathetic really.
I think he did not coming up with dump app watch idea
Dumb not dump
He really is by far the best contrarian indicator out there.
Every time I see an article from him, gold plunges. I think
it is a signal to the traders to load up the shorts.
Bird, don’t you have anything better to do in life besides antagonize the
gold community.
In some ways I’m looking forward to the day the Internet shutting down
for good or at least temporarily in hopes it would motivated moles like
you to find productive activities in life.
Maybe sow some good seeds and enjoy a healthy way of life. Don’t count
on what your doing to last much longer in the fatal condition the world is
in.
It won’t be to soon either starring down the barrel of moles shut down for
good. Regulation is on its way too.
Moles days are numbered on the boards. O ..is lighting the fuse.
Or a major financial collapse that’s its on its way will make sure no one
has time for this nonsense any longer.
THAT’S WHAT WE REALLY NEED TO STOP ALL THIS MADNESS.
Clean sweep the moles because they will all be struggling just to get by.
HA….NO FAREWELL EITHER. !!!!!! It will happen so fast.
I guess we will have to go back to CBs………communicate thru the TRUCK DRIVERS…
J……
Bird demoralizes fellow posters on the boards. He attacks their commentaries
relentlessly. If Bird just posted his thoughts, but no, he will attack every post
on the board. He’s nothing but an arrogant and peculiar man. Oh, did I miss
very disrespectful if you don’t agree with his gold bear standards.
HH………..you are 100% correct…….
BUT, he has been that way since his first post……..I think about April 13, 2012…., that was about the time he told me I should leave……………….he,he, still here….
What is funny. if you look back , he thought that we were the same guy…….
J…funny you brought that up….we are the same poster.
HA..HA…also I was DT too. A trio…
Anyway, nothing will change here until we go through a real life
cleansing process. The world is over due.
Maybe I’m dead wrong ..J…..don’t think so.
The USSA is wounded badly. Unrepairable.
We have no leadership. We are sunk.
I’m sure J….you listened to usawatchdog.
Gregory M….at the 11 minute mark on the video.
This collapse is coming and will be epic.
Can’t agree more.
HH…..You ARE correct we have no LEADERSHIP.
HH….I like Greg and his many of his guest….
sorry, take out,,(of his)
I think you are correct, that the USSA, is unrepairable , …That is ok, for we can not or should not continue under the present BONDAGE…..
J…..100 % correct.
Its going into bondage…lock down.
Morals and bill of rights…tossed.
NWO….
That padded cell you discussed is becoming reality.
Happy campers at…CAMP FEMA.
Tell the homies they better pack extra…Smokes
Going to be a …long long stay.
If PEOPLE understand that they do not have to be in bondage, and that they were given FREEDOM………THAT IS THE BEGINNING. I say end this BS …and go back to the US CONTITUION, BILL OF RIGHTS AND DECLARATION OF INDEPENDANCE. We need to stop thinking the MORON is Washington DC, can solve anything. For they can not solve anything , it is proven.
Precisely J….history channel had a documentary.
Governments throughout all of history became
corrupt and lead to the demise of nations.
EVERY SINGLE ONE OF THEM. Everytime.
J….the denial is at extreme. No leadership.
Also, prosperous nations fall soon after.
Moral values go….caput !!!!
No, we are now headed for a huge wipe out !!!!!
Contrary to the BS being fed down our throats.
HH…..things do not look good as you say.
That’s why I quit posting here. Judgments are completely
misplaced. Last several months we have or will enter a
whole new paradigm. No one realizes how perilous it will
be. You…J…are the only one here I can relate to.
Profitable times are ending for the 99 %. America is in route
gutted and only a carcass left. We are going terminal.
Thanks for the kind words,,,,as always I appreciate the thoughts .
We are all walking in the last days….Some think they are going to
live forever….No one knows when his last day will be. Do what you want HIM
TO find you doing when HE COMES…….As you have been doing……….j.
J….We are going into perilous times in the months ahead.
The infliction point Is close. Time is short.
Thanks for your great wisdom you share. Always a pleasure.
Bird = Sensibility to me…
I’m not caught up by the shine
Gold has helped no one in my family in 2 generations….
Real estate and food gets it done….Man…
Bird I’m coming over for a beer….
I guess you will see him in The Lake Of Fire.
Denying and mocking God carries an eternal judgment and penalty.
Its the unforgivable sin.
Bill, you and the bird should get along just fine. Since, you like real estate, maybe you could move it to Africa….
OH, I forgot, it is not moveable……….
It’s called facts, Bill, not shine and I would never trust or do business with anyone who considers Birdman sensible, ethical, or honest.
You clearly do not understand gold and the fact that you keep comparing it to real estate proves it.
Since when is it an “either/or” proposition anyway?
You can grow all the food you need on 1.5 acres…..with chickens , cows, and pigs…..
Heck Bill, you can even make your own brew on 1.5 acres, and have a closed loop system ……….use the cow poo to heat your home……….
Bird is all show with his commentaries that take up
the whole board.
Still blowing hard too. If anyone gets a word in he will
persecute them unjustified. Ruthless !!!!
Bill, you might want to read a book, on how, during the Great Depression of the 30’s,
Landlords collected from unemployed people,or small shop owners with out revenue.
REAL ESTATE is nothing like it has been the past 80 yrs…….the cycle is about to change, and the tax man will have a field day on any real estate.
The boomers held the real estate up, ….and that has changed…….
Matthew I understand business and money…..Gold is something 99.9% live without and do just fine. ITS NOT AN ESSENTIAL PART OF LIFE. Clueless…
Matthew have you ever run a corporation? Any clue on what it takes? Gold is no required…
Try mounting a horse in the high country herding cattle
in 40 below weather conditions. For days, going through
muskegs having your life threatened.
That will put hair on your chest immediately before the day ends.
PRONTO !!!!!!
I know all about the great depression. We are not in one. EOS
I never mentioned the great depression.
However, I’m not so sure you know all about.
Unless you were in it. Sincerely doubt that.
ALL we know about Bill …..is
He wants to have a beer with bird
Real estate and food gets it done.,for him.
Gold has not helped anyone in his family…..for two generations…, that means he never made any money in the 70’s move, therefore did not even know what happened.
And he is not caught up in the shine,,,which means he needs more Vitamin D….EOS
Business ??? Real Estate? All going to implode.
Going out of business coming soon.
https://www.youtube.com/watch?v=BvNDK5JaTKg
Get ready to fight for our lives. In the streets too.
Housing will become targets for murders and thieves.
Gangs of them. This is whats coming.
CLOSE UP SHOP !!!!
( could Apple buy a 3rd of the worlds gold ? )
Uh , No!
Gold hit the bottom of its trend channel at $1195 in the early hours 3/3/2015.
It seems to be weakening within the uptrend and the trend itself is pretty shallow. It’s a long way from the top of the recent little uptrend which would b at $1232.
The top of the now forgotten uptrend in force since November 2014 would be at about $1340, just short of the $1347 high of late Summer 2014.
the article was in mining.com about the gold apple watch, as I mentioned on friday
Apparently they are trying to capitalize on Chinese desire to gold and luxury by combining them to one. Great idea until they get a call from Obama. LOL.