Tag Archives: Apple smartwatch

The Apple Watch is the first smartwatch that matters according to Tim Cook, CEO of Apple, and, based on initial sales numbers, this appears to indeed be true as illustrated in the infographic below.

There are certainly reasons to own gold such as wealth preservation and as a hedge against rising rates, but demand for the iWatch, or from industry more generally, has not been a major catalyst driving the gold market, so if you think the iWatch will perform well - buy Apple - not gold. Let me explain further.

In April Apple will launch a wearable smartwatch which will come encased in 18-karat gold. If demand meets expectations it will require 30% of the world's annual gold production which ought to really help gold prices move higher.