Calculated in gold, the new iPhone has become cheaper

How expensive gold is can be measured by various things, including the price of beer at the Munich Oktoberfest. This year, Oktoberfest visitors had to pay eight percent more for their beer, gold calculated in euros. The price increase was offset by the price of gold in euros. If the beer was not paid for in gold, but in euros, the price would not have been one liter of beer, but just under 0.75 liters. Gold would therefore have had an advantage. The calculation is similar for the new iPhone. Around ten percent would have been saved if the purchase had been made with gold or if gold had been saved. The function of the precious metal in maintaining purchasing power can thus be proven. Calculated in gold, the coveted iPhones thus become cheaper. For the first iPhone, 0.92 ounces of gold had to be paid.

Between 2007 and today it was 0.75 ounces of gold and today it is 0.78 ounces of gold for the iPhone 15 Pro. All of this, of course, with significantly more power than before. Looking at iPhone prices in U.S. dollars, the price has increased by about 150 percent since 2007. Back then, in 2007, the iPhone cost $599; today it costs $1,499. So, beer price inflation and iPhone inflation show that gold provides inflation protection and preserves value.

So, gold pays off. Investors who want leverage on the gold price can get familiar with the stocks of solid gold companies.

First, there is Condor Gold – https://www.commodity-tv.com/ondemand/companies/profil/condor-gold-plc/ -, which owns three projects in Nicaragua. The La India Gold Project (100 percent) covers 588 square kilometers and covers 98 percent of the historic La India gold mining district.

Fury Gold Mines – https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ – operates in Quebec and Nunavut. In addition, Fury Gold Mines holds 59.5 million common shares of Dolly Varden Silver.

Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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