People are estimating the Edition will contain about 30g of 18k gold, for a bullion value of about $1200. You actually think Apple is going to go to the trouble of making a gold watch just to give away the gold at cost?
30g of 18k gold are aprox 960 USD of gold at today's prices, and the edition watches mount straps and not metal bracelets (which are much more expensive). 1000-1500 USD gold apart considering the 349 USD model has the same electronics? Oh, I think they have a HUGE, really HUGE margin selling it at 2000-2500. They are not stupid, they won't put a price to compete with Rolex, Cartier, AP, Panerai... are you crazy? Maybe you don't buy luxury, or know what I'm talking about, but it's really really stupid... That's nonsense. Everything over 3000 is absurd and won't happen.