Re: Obsolete? Upgrade?
"If someone pays $10K for something that has $150 worth of electronics and $2000 (or whatever) worth of gold"
The Apple gold watches supposedly have other, higher quality materials than just gold so it's not just the metal parts that were replaced with shiny yellow.
The amount of gold in iWatch is reported to be about 30 grams, so the gold (18 karats) is worth about $850. Ten years ago it was worth $225, and only four years ago the it was worth $1350 when gold hit the peak.