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Laszlo · 27 February 2015, 03:33 AM

Really? Wishful thinking? Gold crisis?

For the record, I'll be getting an Apple Watch, but it isn't going to be gold. And I'm going to wear it on my reserved right wrist. Purely as an information tool, not a watch.

http://luxurylaunches.com/gadgets/18...ain-demand.php

18K Gold Apple Watch could utilize 30% of world's gold production to sustain demand

Remember the 18K gold Apple Watch we mentioned? Well if rumors are to be believed, then it seems like the company could be playing with matches in a room full of gasoline with regards to this particular device. One Josh Center who works with a company called TidBits did the math regarding the amount of Gold that Apple would require in order to sustain production and supply of the gold edition Watches they intended to sell, and the numbers were a little staggering.

As it seems, Apple could be bidding for a full one thirds of the world’s annual gold supply to get these watches to their loyal consumers. That’s no joke! The number was better explained with the example that about 7,000 metric tons of gold, the amount that’s stored at the Federal Reserve Bank of New York, could be utilized to meet the expected demand for the watches in less than 10 years!

sco · 27 February 2015, 03:38 AM

I won't be contributing to the gold shortage...

Manofsteelpt · 27 February 2015, 04:05 AM

Soooooooo, 17,000 gold phone watches per year they plan on selling? Lol

I wonder what % Rolex needs, not to mention all the other brands, and jewelry, industrial use etc...

texex91 · 27 February 2015, 04:10 AM

I'll probably buy one (albeit not gold) and probably get rid of it within 2 months.

Laszlo · 27 February 2015, 04:28 AM

Can't wait for the "Is it safe to wear your Apple Watch..." posts...

dysondiver · 27 February 2015, 04:30 AM

just not an I anything fan ,,, so ill save my bit of gold till its a dj

Wesley Crusher · 27 February 2015, 04:49 AM

Wishful thinking, lol.

stockae92 · 27 February 2015, 06:12 AM

WHA?!

"This kind of cost analysis says that the global gold prices could be heading for some very rough waters as Apple has plans to sell at least a million gold Apple Watches every month! "

otisc · 27 February 2015, 02:05 PM

There is not going to be a $10,000 Apple Watch. Not even close.

bayerische · 27 February 2015, 02:40 PM

This is on the level of fairies.

No way. They will sell very few gold Apple watches and soon stop the gold Apple watch production. My guess.

GradyPhilpott · 27 February 2015, 02:41 PM

I'm not sure how Apple does it, but they do manipulate the media somehow.

How they can get so many "journalists" to hype their products is beyond me.

This is nothing but click bait and Apple hype.

GermanyMatt · 27 February 2015, 05:53 PM

Quote:

Originally Posted by bayerische

This is on the level of fairies.

No way. They will sell very few gold Apple watches and soon stop the gold Apple watch production. My guess.

Agree

ILOVEIT · 27 February 2015, 11:18 PM

For me, apple and watches is like BMW and bicycle. I also wouldn't buy a BMW bike. For me a watch has to be made from one of the old-school manufactures: Rolex, Omega, Longines...

GB-man · 28 February 2015, 02:17 AM

Quote:

Originally Posted by bayerische

This is on the level of fairies.

No way. They will sell very few gold Apple watches and soon stop the gold Apple watch production. My guess.

Yep

Fredrik · 28 February 2015, 05:53 AM

I had assumed that the "gold" variant was just gold in color, thus plated.

It is a piece of electronics that will be obsolete in 2 years, the plating will wear out in about the same time, perfect. It makes no sense at all having the case in solid gold.

ozzie_c_cobblepot · 1 March 2015, 06:15 AM

I predict they announce a trade-in program at their next event, along with pricing. The trade-in program will guarantee Apple Store credit to the original registered owner, as long as the device was purchased at an Apple Store or the Apple Online Store.

For example, the retail price will be $4,000, and they will guarantee a "buy-back" (store credit) of $2,500.

This would make the $1,500 cost compare against the expected $500 instead of standing on its own.

Sent from my iPhone using Tapatalk

otisc · 1 March 2015, 07:47 AM

I actually think gold will be the highest in demand for the Apple Watch. A significant percentage of early adopters will be wearing the watch for the status of having the latest and the greatest. Apple is also genius at boosting demand on their highest margin items by limiting early supply, which only drives a certain segment of their customers crazy with desire. How many of those folks in line for the iPhone on open day need 128gb on their phones? It's silly, really. But you tell them that model is backordered, and they want it more. It will be the same with the Apple Watch.

I don't believe these reports that the gold Apple watch will be $10k. I don't even think it will be $3k. When you read the threads that break down the actual cost of the gold in a 18k gold Rolex President, and then scale it down to a much slimmer form factor of the Apple Watch, there is no reason to believe Apple would price one so high - they don't need to.

Prices are to be announced in the first week of March.

Headshrinker · 2 March 2015, 03:05 AM

I had a friend that bought the first digital watch in 18kt from Pulsar. I would guess it isn't worth more than scrap metal today. What do you do when the Apple 2 or 1S comes out?

otisc · 2 March 2015, 03:41 AM

Quote:

Originally Posted by Headshrinker

I had a friend that bought the first digital watch in 18kt from Pulsar. I would guess it isn't worth more than scrap metal today. What do you do when the Apple 2 or 1S comes out?

The same thing you do when the new iPhone comes out and renders your iPhone obsolete -- you sell it on ebay to someone happy with the older version.

No one who buys an Apple Watch is worried about retaining the value of the investment on their wrist. They want cool functions and status. When cooler functions come out, they will ditch it the same way they will ditch their $1,000 iPhone 6-plus. This is a generation that has not taken a single thing they've ever bought to a repair shop ever. They just throw it away and get a new one.

Roll the Lex · 2 March 2015, 03:53 AM

Quote:

Originally Posted by Fredrik

It is a piece of electronics that will be obsolete in 2 years, the plating will wear out in about the same time, perfect. It makes no sense at all having the case in solid gold.

Exactly.
Especially from what I heard how much the gold models will cost, it's even more stupid. I like the gold, and if it were gold plated and if I were interested in it, and if it were a bit more expensive than the SS version, sure. But 18K gold case? Hells no!

Andad · 3 March 2015, 06:42 PM

Sell a million gold Apple watches/month.

77T · 3 March 2015, 10:38 PM

Apple wouldn't begin to dent the amount of recycled gold from several sources (which is seldom reflected in newly mined gold supply reports). BTW, every 1000 recycled cellphones yield about 1 oz. This, plus the circuit boards, jewelry and scrap from foundries would easily cover solid gold Apple watches methinks.

27 February 2015, 03:33 AM	#1
Laszlo 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: San Francisco, CA Watch: Date & No Date Posts: 10,868	18K Gold Apple Watch could utilize 30% of world's gold production to sustain demand Really? Wishful thinking? Gold crisis? For the record, I'll be getting an Apple Watch, but it isn't going to be gold. And I'm going to wear it on my reserved right wrist. Purely as an information tool, not a watch. http://luxurylaunches.com/gadgets/18...ain-demand.php 18K Gold Apple Watch could utilize 30% of world's gold production to sustain demand Remember the 18K gold Apple Watch we mentioned? Well if rumors are to be believed, then it seems like the company could be playing with matches in a room full of gasoline with regards to this particular device. One Josh Center who works with a company called TidBits did the math regarding the amount of Gold that Apple would require in order to sustain production and supply of the gold edition Watches they intended to sell, and the numbers were a little staggering. As it seems, Apple could be bidding for a full one thirds of the world’s annual gold supply to get these watches to their loyal consumers. That’s no joke! The number was better explained with the example that about 7,000 metric tons of gold, the amount that’s stored at the Federal Reserve Bank of New York, could be utilized to meet the expected demand for the watches in less than 10 years! __________________ "You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca

27 February 2015, 04:28 AM	#5
Laszlo 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: San Francisco, CA Watch: Date & No Date Posts: 10,868	Can't wait for the "Is it safe to wear your Apple Watch..." posts... __________________ "You might as well question why we breathe. If we stop breathing, we'll die. If we stop fighting our enemies, the world will die." Paul Henreid as Victor Laszlo in Casablanca

27 February 2015, 06:12 AM	#8
stockae92 2024 Pledge Member Join Date: Oct 2009 Location: Socal Posts: 4,964	WHA?! "This kind of cost analysis says that the global gold prices could be heading for some very rough waters as Apple has plans to sell at least a million gold Apple Watches every month! " __________________ 135 ├┼┼╕ 246 R

27 February 2015, 02:40 PM	#10
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	This is on the level of fairies. No way. They will sell very few gold Apple watches and soon stop the gold Apple watch production. My guess. __________________ Yeah, well, you know, that's just, like, your opinion, man.

27 February 2015, 02:41 PM	#11
GradyPhilpott 2024 SubLV41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: Seiko #SRK047 Posts: 34,460	I'm not sure how Apple does it, but they do manipulate the media somehow. How they can get so many "journalists" to hype their products is beyond me. This is nothing but click bait and Apple hype. __________________ JJ Inaugural TRF $50 Watch Challenge Winner

27 February 2015, 03:38 AM	#2
sco "TRF" Member Join Date: Dec 2013 Location: Chicago Watch: Subc AT 8500 CSO Posts: 3,646	I won't be contributing to the gold shortage...

27 February 2015, 04:05 AM	#3
Manofsteelpt "TRF" Member Join Date: Feb 2011 Real Name: Mike Location: Buffalo, NY Posts: 3,971	Soooooooo, 17,000 gold phone watches per year they plan on selling? Lol I wonder what % Rolex needs, not to mention all the other brands, and jewelry, industrial use etc...

27 February 2015, 04:10 AM	#4
texex91 "TRF" Member Join Date: May 2007 Location: . Posts: 17,898	I'll probably buy one (albeit not gold) and probably get rid of it within 2 months.

27 February 2015, 04:30 AM	#6
dysondiver "TRF" Member Join Date: Jul 2010 Real Name: tom Location: northern ireland Watch: my fins Posts: 10,063	just not an I anything fan ,,, so ill save my bit of gold till its a dj

27 February 2015, 04:49 AM	#7
Wesley Crusher "TRF" Member Join Date: Aug 2013 Real Name: Wes Location: Holosuite Posts: 6,345	Wishful thinking, lol.

27 February 2015, 02:05 PM	#9
otisc "TRF" Member Join Date: Oct 2014 Location: Austin, TX Watch: 116610LV HULK Posts: 639	There is not going to be a $10,000 Apple Watch. Not even close.

27 February 2015, 11:18 PM	#13
ILOVEIT Member Join Date: Feb 2015 Location: Orlando Posts: 17	For me, apple and watches is like BMW and bicycle. I also wouldn't buy a BMW bike. For me a watch has to be made from one of the old-school manufactures: Rolex, Omega, Longines...

28 February 2015, 05:53 AM	#15
Fredrik 2024 Pledge Member Join Date: Oct 2011 Location: Sweden Watch: 1680 Posts: 1,874	I had assumed that the "gold" variant was just gold in color, thus plated. It is a piece of electronics that will be obsolete in 2 years, the plating will wear out in about the same time, perfect. It makes no sense at all having the case in solid gold.

1 March 2015, 06:15 AM	#16
ozzie_c_cobblepot "TRF" Member Join Date: Nov 2014 Location: California Posts: 2	I predict they announce a trade-in program at their next event, along with pricing. The trade-in program will guarantee Apple Store credit to the original registered owner, as long as the device was purchased at an Apple Store or the Apple Online Store. For example, the retail price will be $4,000, and they will guarantee a "buy-back" (store credit) of $2,500. This would make the $1,500 cost compare against the expected $500 instead of standing on its own. Sent from my iPhone using Tapatalk

1 March 2015, 07:47 AM	#17
otisc "TRF" Member Join Date: Oct 2014 Location: Austin, TX Watch: 116610LV HULK Posts: 639	I actually think gold will be the highest in demand for the Apple Watch. A significant percentage of early adopters will be wearing the watch for the status of having the latest and the greatest. Apple is also genius at boosting demand on their highest margin items by limiting early supply, which only drives a certain segment of their customers crazy with desire. How many of those folks in line for the iPhone on open day need 128gb on their phones? It's silly, really. But you tell them that model is backordered, and they want it more. It will be the same with the Apple Watch. I don't believe these reports that the gold Apple watch will be $10k. I don't even think it will be $3k. When you read the threads that break down the actual cost of the gold in a 18k gold Rolex President, and then scale it down to a much slimmer form factor of the Apple Watch, there is no reason to believe Apple would price one so high - they don't need to. Prices are to be announced in the first week of March.

2 March 2015, 03:05 AM	#18
Headshrinker "TRF" Member Join Date: Mar 2012 Location: NJ Watch: Day-Date Posts: 4,056	I had a friend that bought the first digital watch in 18kt from Pulsar. I would guess it isn't worth more than scrap metal today. What do you do when the Apple 2 or 1S comes out?

3 March 2015, 06:42 PM	#21
Andad 2024 SubLV41 Pledge Member Join Date: Nov 2006 Real Name: Eddie Location: Australia Watch: A few. Posts: 37,534	Sell a million gold Apple watches/month. __________________ E

3 March 2015, 10:38 PM	#22
77T 2024 SubLV41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,017	Apple wouldn't begin to dent the amount of recycled gold from several sources (which is seldom reflected in newly mined gold supply reports). BTW, every 1000 recycled cellphones yield about 1 oz. This, plus the circuit boards, jewelry and scrap from foundries would easily cover solid gold Apple watches methinks. __________________ Does anyone really know what time it is?

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