8 oz of 24K Gold, or an Apple Watch? - Gainesville Coins News
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8 oz of 24K Gold, or an Apple Watch?

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8 oz of 24K Gold, or an Apple Watch?

The Apple Watch is on all the websites today, and everyone buzzing about the 18K gold version that costs from $10,000 to $17,000 and supposedly has 1/2 oz of gold (it's uncertain if that half oz weight is how much 18K gold it has, or if it is actual gold content.)

We decided to do a little math, and see just how much pure, .9999 gold we could buy for the price of an Apple Watch:

apple-watch

The Apple Watch "Edition" with 38mm face, 18K gold frame, and black sport band retails for $10,000. For that price, you can buy EIGHT 1 oz PAMP Suisse 1 oz gold bars sealed in assay card, and have $204 left over. PAMP Suisse is one of the most famous and trusted names in Swiss gold, and is bar is 99.99% pure, with a serial number inscribed on each bar.

 

apple-watch-17k

The Apple Watch "Edition"  with 38mm face, 18K gold frame, and Bright Red Modern Buckle will run you a whopping $17,000. For that price, you can get this 10 oz PAMP Suisse gold bar with assay card, PLUS four 1 oz PAMP Suisse gold bars as described above, for only $71 more. And let's face it, if you're dropping 17 grand on something, another $71 means nothing.

Of course, you'll be lucky to get half what you paid for these Apple Watches next year, when the new versions come out, while gold is forever. Which would you consider a better investment, bullion or bling?

 

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