I have been doing some thinking of late about the amount of precious metals in products such as smart phones ect, since 2007 the following amounts of gold and silver have been used in the production of iphones Gold 85,000 Ounces (approx) Silver *29,700,000 Ounces (approx) (*correction should be 935,000 Ounces) as outlined below Source http://govtslaves.info/how-much-silver-and-gold-is-in-your-iphone/ It would obviously be in the best interest of such a company for the price of these commodities to be kept as low as possible, to insure greater profit for them and a manageable price for consumers, so as they continue to buy these products, And as the article of the above link asks, How much of these metals does Apple buy in anticipation of the continuation of the secular bull market in these metals. Or more to the point when are they buying, and are they given prior notice to take downs in the market? Just a thought?
Not sure where he gets 29,750,000 ounces of silver from. Using his own figures: * iPhone contains 0.35g of silver (1 troy oz = 31.1g, so therefore each phone contains 0.011oz of silver) * 85,000,000 iPhones sold since 2007 * 85,000,000 x .011 = 935,000oz silver
