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Could Apple Buy a Third of the World’s Gold?

Big Al
March 2, 2015

FT Apple Watch 03022015

After you click on the above link you can then download the article.

Discussion
85 Comments
    Mar 02, 2015 02:49 PM

    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.

      Mar 02, 2015 02:51 PM

      I know they are doing this because the lowest acceptable gold purity is 18 karat. Anything lower is not treated as gold.

        Mar 02, 2015 02:55 PM

        And probably rightly so Lawrence. I get a chuckle out of the eight karat chains I see at the local stores.

          Mar 02, 2015 02:04 PM

          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.

            Mar 03, 2015 03:43 AM

            There are some new high purity gold alloys in the 18-24 carat region that have increased hardness.

      Mar 02, 2015 02:47 PM

      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.

    CFS
    Mar 02, 2015 02:59 PM

    Gold Canyon. Gecko Research:
    http://blog.geckoresearch.com/content/7814

      Mar 02, 2015 02:03 PM

      Exactly, this is one of the better plays. DT

      Mar 02, 2015 02:05 PM

      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.

      http://blog.geckoresearch.com/content/7809

      Mar 02, 2015 02:00 PM

      Thanks Professor. I saw this. Five million ounces is nothing to sneeze at!

    CFS
    Mar 02, 2015 02:02 PM

    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…..

      Mar 02, 2015 02:11 PM

      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.

        Mar 02, 2015 02:10 PM

        I don’t know if it is nasty, but yes it is a habit!

          Mar 02, 2015 02:28 PM

          It is a bad habit to show off and always compare to others. Chinese men suffer the most.

            Mar 02, 2015 02:20 PM

            Never been in that category!

      Mar 02, 2015 02:27 PM

      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

      Mar 02, 2015 02:02 PM

      I thought that I heard something about a platinum vetsion

    bb
    Mar 02, 2015 02:10 PM

    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.

      Mar 02, 2015 02:11 PM

      You guys are suggesting an unseating of Rolex, Omega, etc?

    Mar 02, 2015 02:57 PM

    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.

      Mar 02, 2015 02:01 PM

      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.

      Mar 02, 2015 02:07 PM

      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!

        Mar 02, 2015 02:25 PM

        I would be surprise if they are allowed to produce gold watch

          Mar 02, 2015 02:31 PM

          Dumb not dump.

        Mar 03, 2015 03:13 AM

        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.

    Mar 02, 2015 02:29 PM

    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.

    Mar 02, 2015 02:45 PM

    ********* ANOTHER BIG PLUS FOR GOLD **********
    Oh…………..and I will be purchasing one !

      Mar 02, 2015 02:59 PM

      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.

    CFS
    Mar 02, 2015 02:55 PM

    Bundestag vote 92% in favor of Greek Bail-out ; I think, vote occurred yesterday.

      Mar 02, 2015 02:27 PM

      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…………………

    Mar 02, 2015 02:12 PM

    ………….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.

    Mar 02, 2015 02:20 PM

    Frank Holmes, that is one dumb article.

    Pathetic really.

      Mar 02, 2015 02:24 PM

      I think he did not coming up with dump app watch idea

        Mar 02, 2015 02:32 PM

        Dumb not dump

        Mar 02, 2015 02:32 PM

        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.

    Mar 02, 2015 02:20 PM

    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…

        Mar 03, 2015 03:26 AM

        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…….

          Mar 03, 2015 03:11 AM

          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.

            Mar 03, 2015 03:19 AM

            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…..

            Mar 03, 2015 03:00 AM

            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.

            Mar 03, 2015 03:23 AM

            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.

            Mar 03, 2015 03:45 AM

            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.

            Mar 03, 2015 03:10 PM

            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.

          Mar 03, 2015 03:03 PM

          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….

            Mar 03, 2015 03:14 PM

            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……….

            Mar 03, 2015 03:37 PM

            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……….

            Mar 03, 2015 03:52 PM

            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…….

            Mar 03, 2015 03:15 PM

            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…

            Mar 03, 2015 03:16 PM

            Matthew have you ever run a corporation? Any clue on what it takes? Gold is no required…

            Mar 03, 2015 03:26 PM

            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 !!!!!!

            Mar 03, 2015 03:20 PM

            I know all about the great depression. We are not in one. EOS

            Mar 03, 2015 03:42 PM

            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

            Mar 04, 2015 04:57 AM

            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 !!!!

    Mar 02, 2015 02:41 PM

    ( could Apple buy a 3rd of the worlds gold ? )

    Uh , No!

    Mar 03, 2015 03:29 AM

    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.

    Mar 03, 2015 03:35 AM

    the article was in mining.com about the gold apple watch, as I mentioned on friday