Apple set to buy a third of world’s gold for luxury Apple Watch

‘Apple is set to buy up one third of the world’s gold in order to meet the demands of the new up-market Apple Watch, according to reports.

Following the prediction in The Wall Street Journal that Apple plans to sell one million top-of-the-range 18-karat gold Apple Watch Edition units a month, a new report reveals the massive impact that would have on the gold market and world economy.

The report in TidBits crunches the numbers working on the reasonable figure that each gold watch will contain 2 troy ounces (62.2 grams) of gold.’

Read more: Apple set to buy a third of world’s gold for luxury Apple Watch