<b>Gold</b> 'Apple Watch Edition' could <b>cost</b> $1,200, industry insiders say |
- <b>Gold</b> 'Apple Watch Edition' could <b>cost</b> $1,200, industry insiders say
- Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Closed Down at $1,229.90
- <b>Gold Price</b> Forecast for September Shows Demand – and Prices <b>...</b>
| <b>Gold</b> 'Apple Watch Edition' could <b>cost</b> $1,200, industry insiders say Posted: 12 Sep 2014 05:06 PM PDT As Apple only announced an entry-level $349 price tier for its upcoming Apple Watch, speculation continues to run rampant, with the latest report claiming high-end gold models could sell for $1,200 when they launch next year.  The Apple Watch reveal took up a good portion of Tuesday's iPhone 6 keynote, but Apple opted not to disclose comprehensive final pricing ahead of an early-2015 rollout. According to jewelers, however, the 18-karat Apple Watch Edition versions could run $1,200, reports TechCrunch. Unnamed jewelers offered the estimate based on dimensions taken from a set of design specs supposedly leaked last week. The price is not set in stone, as questions remain as to whether Apple Watch is made of gold or comes gold plated. Jewelers said it would be favorable to use solid gold alloy of some kind. Further, watch expert Chad Rickicki estimates an 18-karat gold version would cost Apple around $600 to craft, not including internal components or markup. At this point, however, tacking a price on the high-end Apple Watch Edition is largely guesswork, as Apple's behind-the-scenes deals, internal component costs and other details vital to making accurate estimates are unknown. Also a wild card are the margins Apple is looking to hit with the device. When it debuts next year, Apple Watch will be offered in three "collections." The "Apple Watch Sport" lineup is thought to be the entry-level version as it comes made from aluminum and lacks an expensive sapphire cover glass. On the other end of the spectrum is the "Apple Watch Edition," which comes with sapphire glass screen and is available in "strengthened" yellow or rose gold options. Sitting between the two extremes is "Apple Watch," which also boasts sapphire glass, but swaps out gold for a polished stainless steel body.  | ||||||||||||||||||||||
| Silver and <b>Gold Prices</b>: The <b>Gold Price</b> Closed Down at $1,229.90 Posted: 12 Sep 2014 05:03 PM PDT
 3 Day Gold Price Chart 
Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. | ||||||||||||||||||||||
| <b>Gold Price</b> Forecast for September Shows Demand – and Prices <b>...</b> Posted: 29 Aug 2014 12:39 PM PDT Gold price forecast, Aug. 29, 2014: Buying gold during the late days of summer has proved to be a winning trade for most of the last two decades, according to Bloomberg.
What's more, September's traditional gains have trounced the next best month, November, when the gold price has logged an average 1.8% gain over the last 20 years. Our gold price forecast that follows shows why September is so good for gold... Gold Price Forecast: India's Insatiable Appetite for GoldGold buying picks up to a near-frenzied pace in India in late August through October, as the country celebrates the Hindu festival Vinayaka Chaturthi (also known as Ganesh Chaturthi). "Demand is picking up every day," Rahul Gupta, managing director of P.P. Jewellers, a large Indian jewelry chain, told The Wall Street Journal. "Festival season sales have started." Celebrations began Aug. 29, when Indians celebrate the birthday of Lord Ganesh, the god of intellect and wisdom who is identified by his elephant head. Yellow metal sales in India rise during this time because it's deemed good luck to buy gold ornaments for the festivities. During Diwali, the five-day Hindu festival of lights that is celebrated starting Oct. 23, people usually invest in gold coins and bars. The spiritual festival signifies the victory of light over darkness, knowledge over ignorance, good over evil, and hope over despair. Gold jewelry sales tend to enjoy a sharp spike during Diwali - and price gains usually start early. "Indian jewelers and dealers will be stocking up in the coming weeks, so it should affect prices," Mark O'Byrne, a director at brokerage GoldCore Ltd. in Dublin, told Bloomberg. "A lot of traders are aware of this trend towards seasonal strength, so that may contribute to higher prices. They tend to buy and that creates momentum." Next comes the nation's wedding season, when bullion is bought for bridal trousseaus, as well as jewelry, shiny gold bars, and coins to be presented as gifts. One reason festival demand should remain high this year is that the country's monsoon season was not as bad as feared. The majority of India's gold demand comes from rural areas, so the monsoon weighs heavily on purchases. In addition to robust demand in India, gold purchases are likely to increase in another major market as we head into the end of the year... Gold Price Forecast: China's Lunar New Year Gold ObsessionDemand for gold in China will likely surge ahead of the country's lunar New Year, Wallace Ng, a senior precious metals trader based in Beijing, told The Journal. That because China's lunar New Year celebration in February marks an auspicious time to buy gold. Yellow metal purchases are expected to increase ahead of the Asian nation's Year of the Sheep celebration, which begins on Feb. 19 and lasts for 15 days. Celebrations, however, typically start as much as three weeks before, and gold purchases begin even months before. Last year, amid gold's 28% swoon, it biggest decline in 32 years, Chinese consumers took advantage of the slump. Gold purchases by bargain-hunting Chinese consumers jumped 41% in 2013 to a record 1,066 tons, according to the China Gold Association. The increase was enough for China to overtake India, which for decades held the No. 1 spot, as the world's largest gold consumer nation. China has long had a cultural affinity for precious metals. The growing affluence of consumers there, coupled with more relaxed investment restrictions, has boosted the Asian nation's demand for gold bars, coins, and jewelry. Next: A confluence of factors makes today's silver prices look downright cheap - but make no mistake, a silver bull market is coming. Here's how to invest in silver today for double-digit gains... Related Articles:
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Indeed, September is historically gold's best month. Over the last 20 years, the yellow metal has seen an average gain of 3% in September.| You are subscribed to email updates from gold price - Google Blog Search To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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1 Comment for "Gold 'Apple Watch Edition' could cost $1,200, industry insiders say"
Gold rose as the dollar's sharp retreat sparked fresh physical demand and short covering after bullion dropped earlier as deputed by Epic research.