Tag Archives: smartphone operating system

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.