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Apple Senior Vice Presidents Phil Schiller and Dan Riccio Sell Stock Worth Over $20 Million

runsfromzombies said:
Why the spring? Didn't gold just go up this week? And now we have a potential gold-plated iPhone 5S? And the market is like anything else... what goes up, must and will come down. A solid commodity that has retained value throughout history seems like a good investment. The dollar is worth... what? Nothing? But gold will always have value. Who knows why they cashed out!? And who knows if they're flipping their dollars to gold!? I certainly don't. But I applaud them for the work and innovation they've given us the past decade, and like a previous post said, its well deserved.
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Um. Gold-colored. Not gold-plated. I know this may seem like a very fine distinction, but there's actually a slight difference.

And lawl@gold will always have value. Gold is a useless metal. There's no guarantee it will always have value.. generally only dumb people (IQ < 125) tend to view it as desirable.

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runsfromzombies said:
Maybe since the dollar's losing value they cash out and convert the dollars into a commodity like gold or silver so if everything does crash they will still have some worth and maintain the lifestyle they've built for themselves. Just a thought.
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I'm uh... pretty sure that even if the dollar depreciated by 95% they'd still be able to live quite lavishly.
 
mbh said:
And yet you not only read this story, but commented on it. :rolleyes:
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It's the "me" thing. Some people just assume that random strangers care how they feel. That is the purpose of Twitter and Facebook. Posting these narcissistic comments in a forum to discuss a topic I actually care about is just annoying. It would be nice if MacRumors had a way to let people self-flag their comments as "narcissistic, pointless or off-topic", so they could feel free to post them; while at the same time, I could set my preferences to block them.

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doug in albq said:
most all the top execs. a Apple are dumping large quantities of their stock...NOT A GOOD SIGN AT ALL.

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You can try and smooth it over...nope.
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Doug in Albq: Maybe they are investing in car washes.
 
saturn88 said:
They sold it a bit too early. AAPL will go to $650 before Xmas and $700 1st quarter next year.

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lol I really hope you are not being serious.

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rockarollr said:
Just like Larry Ellison said, Apple won't be nearly as successful without Steve. Stick a fork in it... it's done.

(Coming from a long time Apple customer and Apple product enthusiast.)
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They won't be successful if people continue to bash on them for their "lack of innovation." People expect Apple to reinvent the wheel every damn year as if it's an easy task, but it's not. In turn, Apple suffers. I hope, though, that they focus on the long term aspect ahead and not so much on the short term. :)
 
runsfromzombies said:
Maybe since the dollar's losing value they cash out and convert the dollars into a commodity like gold or silver so if everything does crash they will still have some worth and maintain the lifestyle they've built for themselves. Just a thought.
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maybe they just needed to put a roof on the house in Aspen. that's why I cashed out of Apple stock (at $492)
 
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clibinarius said:
For most of human history, salt has been more valuable by weight than gold, as well as incense, and silver was worth about 10% of gold if not more.

In fact, gold is probably the only ancient commodity to maintain value. Why is this? Good question. When Bill Dudley was asked about inflation, he said there is no inflation because the iPad 2 is twice as far as the iPad for the same price, to which he was promptly informed that "I can't eat an iPad."

You can't eat gold. You can't turn gold into energy. It just sits there and looks pretty. It only has value because it once had value, and isn't mass produced. It may go up, it may go down, but it is just another rock.
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Heh, was just thinking the same the other day. If another creature worshipped a metal because it was shiny, we'd ridicule it. You'd think air, food, water, medicines would be more valuable, but no. Because those things are more common. "I'm better than you because I have gold and you don't" - it gives the owner heightened status. Until clean water/air becomes scarce, and then things would change..
 
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