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This fits right in line with my prediction [1] that we're all overestimating the amount of gold in the enclosure and that it's going to be cheaper than the high
by gfosco 12y ago
This fits right in line with my prediction [1] that we're all overestimating the amount of gold in the enclosure and that it's going to be cheaper than the high estimates. I'm still thinking $2,499 max. Can't wait to see what comes out on Monday.
[1]: https://twitter.com/newFosco/status/569407140151959555 https://twitter.com/newFosco/status/569407140151959555
- raldi 12y agoHow many grams of pure gold do you think will go into each watch?
- gfosco 12y agoNot sure... I saw estimates that it would contain ~$1,500 worth of gold, and I'm speculating it's closer to ~$1,000.
- raldi 12y agoYou're not really giving me much reason to put any stock in your prediction. Your complete lack of detail or explanation makes it sound like you're pulling a number out of the air. The people making much higher estimates of the gold watch's price (most notably, John Gruber) are backing their estimates with analysis and citations.
- DiabloD3 12y agoGold bullion (99.9% or finer, or 24 karat) is around $1200 an ounce currently. 18 karat gold is around 75% pure, so an ounce of the gold Apple would have been using is only worth around $900.
- beggi 12y agoSo with this process it's $450?
- acveilleux 12y agoNo, 900$ per ounce still... But it would take up a larger volume so you'd need less mass per watch.
- beggi 12y agoRight sorry, I was reading it as $900 for gold per watch not per ounce!
- BinaryIdiot 12y ago> This fits right in line with my prediction [1] that we're all overestimating the amount of gold in the enclosure and that it's going to be cheaper than the high estimates. Keep in mind doing this type of compositing usually makes the gold MORE expensive. Granted Apple could take it to an unprecedented scale but I couldn't wouldn't hang my hat on it just yet.