The Apple Watch will destabilize the gold market

The Apple Watch was officially presented last night. If this morning all are in ecstasy in front of this smartwatch, I heard on the radio, on BFM, a most surprising information concerning it.

The Apple Watch could indeed destabilize the world gold market! Yes, just that ! If analysts' forecasts are correct, Apple is expected to sell around 1 million watches every month. Which would make 12 million watches over a year.

Knowing that the gold models each contain 2 ounces of gold, or about 62 grams, Apple will have to buy a lot, a lot of gold, more than some states in the world! Also according to the BFM columnist, to produce its watches in gold, Apple will have to buy nearly 750 tonnes of gold each year.

Do you know how much this represents on world gold production? Over 30% of world production! The title of the article is therefore not an exaggeration: the Apple Watch is going to destabilize the gold market!

To be complete, some believe that the gold market is a little larger than that announced by analysts. Others also say that Apple’s smartwatch is said to contain half the gold; or 1 ounce. Anyway, Apple has not finished spilling ink …

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