“The illusion of freedom will continue as long 
as it's profitable to continue the illusion.
 
At the point where the illusion becomes too 
expensive to maintain, they will just take 
down the scenery, they will pull back the 
curtains, they will move the tables and chairs 
out of the way and you will see 
the brick wall at the back of the theater.” 

Saturday, February 28, 2015

Absurd: Apple To Use 30% Of The World's Annual Gold Mining Output To Build It's Apple Watch


Technology giant Apple (NASDAQ:AAPL) may soon buy up one third of the world’s gold in order to meet the demands of its highly anticipated Apple Watch, according to reports. – Mining.com link
Apple is planning on producing 1 million units per month of its new gold iWatch beginning in Q2 2015. According to sources each watch will contain 2 ozs of gold. If you extrapolate out, that translates into 746 tonnes of gold per year – roughly 30% of world annual gold mine production.
Even if Apple’s sales of this watch – which apparently has very heavy demand in China – fall short of Apple’s business plan by 50%, it means that Apple will become one of the largest buyers of gold in the world. This will place a lot more stress on the U.S./UK/EU Governments’ absurdly overleveraged fractional paper bullion scheme…

2 comments:

  1. Hmmm. So the gold alone would make each watch cost over $2500.... sure. What an idiotic post.

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    Replies
    1. Yeah, but is in tune with much of the other horseshit around here...

      Delete