When something is incredibly useful or dear to us we say that it is "worth it´s weight in gold" so I thought as I have a bunch of friends and colleagues who cuddle up to their iPhones every night I would put it to the test.
With the price of gold at U$D760 an ounce and an iPhone weighing 133 grams or 4.7 ounces the fair price would be U$D3,603. So you see the iPhone with the current gold price is actually a bargain.
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