New World Gold Corporation (NWGC)

[bobhwang]

BOOM GOES THE DYNAMITE:

Apple Plans To Buy 1/3 Of Gold In The World To Make Luxury Watches

The Apple Watch Edition might be Apple’s most unusual product in years. Questions abound about the 18-karat gold smartwatch. How much will it cost? Will Apple offer an upgrade path for it?


But I have a broader question: how will it affect the world’s gold supply?

The Wall Street Journal has reported that Apple plans to ramp up production of the Apple Watch Edition to over 1 million units per month in its second quarter of production. That’s an unbelievable number of gold watches, especially considering that they could cost as much as $10,000 each. But I’ll never underestimate Apple’s ability to sell lots of an expensive product.

http://www.secretsofthefed.com/apple-plans-to-buy-13-of-gold-in-the-world-to-make-luxury-watches/