Goldman's Traders See Increased Bullish Option Activity in GLD

IGWT's iPhone to Gold Ratio Analysis

When priced in gold, this year’s iPhones are significantly cheaper than last year! In fact, the latest model is even cheaper than the first iPhone.

- IGWT report

Contents:

1. IGWT’s iPhone to Gold Ratio

2. Goldman’s Trading desk sees increased options activity right before FOMC

3. Gold Measures What is Most Important

   1. Inverting IGWTs observation

   2. Hedonics vs. Ascetics

   3. What matters most?

1- The iPhone Gold Ratio

“Comparing gold only to fiat currencies can only capture its properties so far. This is why we are regularly comparing gold to other assets, such as Bier or in this case, the iPhone. It is through these comparisons, that the properties of gold such as an inflation hedge can be observed even better. Let’s take a look.¹

IGQT Report Slideshow

Source

IGWT’s Key Takeways

• Priced in gold, this year’s iPhones are significantly cheaper than last year.

• You can get the iPhone 15 Pro for 0.78 oz. of gold, while an iPhone 14 Pro was more than 10% more expensive at 0.87 oz.

• In 2007, the first iPhone was even more expensive, with a price tag of 0.92 oz. of gold.

• A gold investor today gets a technologically far superior iPhone than back then or last year, and for far less gold.

• In USD terms, however, the price of an iPhone rose by roughly 150% since 2007. This equals an average annual iPhone inflation rate of 5.9%

Full Twelve Page IGWT Post and slideshow

PDF at bottom