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Interesting article on what Apple has done to gold to use less but still call 18K
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<p>[QUOTE="Tinpot, post: 2106196, member: 35836"]They were referring to 1/3 of yearly mining production. It still won't happen as they'd have to sell millions of these $10,000 watches.</p><p><br /></p><p>I'm pretty sure I read they are using about an ounce and a half of gold in these watches.</p><p><br /></p><p>Yearly gold production is about a 100 million. They'd have to sell about 22 million watches a year to use up 1/3 of the yearly gold production.[/QUOTE]</p><p><br /></p>
[QUOTE="Tinpot, post: 2106196, member: 35836"]They were referring to 1/3 of yearly mining production. It still won't happen as they'd have to sell millions of these $10,000 watches. I'm pretty sure I read they are using about an ounce and a half of gold in these watches. Yearly gold production is about a 100 million. They'd have to sell about 22 million watches a year to use up 1/3 of the yearly gold production.[/QUOTE]
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Interesting article on what Apple has done to gold to use less but still call 18K
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