Apple hits $1 Trillion Valuation Makes Me Want to Own Mene

in mene •  6 years ago  (edited)

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Apple has become the first US company to reach $1 Trillion Dollar Market Cap:
https://www.usatoday.com/story/money/2018/08/02/apple-first-stock-hit-1-trillion-market-value/877867002/

The arbitrary milestone is a reminder of how big a trillion is.

Lets take a look at this oldie but goodie visualization by http://demonocracy.info/infographics/usa/us_debt/us_debt.html

5057DC4A-C998-405F-83C2-C24428D35B7F.jpeg

^ Ten thousand dollars ($10,000)

E7792238-5FB7-4734-8441-6C71C563C545.jpeg

^ One Million dollars ($1,000,000)

14A4E75D-0CB6-4251-A4E9-1346A5201E8D.jpeg

^ One hundred million dollars ($100,000,000)

D3B66D82-5E31-4F00-AF45-90147641F733.jpeg

^ One billion Dollars ($1,000,000,000)

BE072F09-474C-429F-B2A5-83C1F4B6F2F6.jpeg

^ Apples current market cap..... One trillion dollars ($1,000,000,000,000)

For a video version :

Great for Apple! Apple has created tremendous value for consumers and changed the way many people live their lives. This is a brilliant company and has some of the most influential products in the last few decades.

Now for the bad news.

How much debt has the US racked up as a nation? Get ready:

A7FC8283-E773-4808-BEE0-420DB5CB7ABF.jpeg

Actually that was 2017. Add another Apple (1 trillion) on top of that as of today:

12D49E3E-C2A5-4AF6-94B8-C53341E7EB2D.jpeg

If that doesnt make you want to own even just a little of this:

AF8517BD-E046-4AD0-AF77-EB35B0188386.jpeg

I’m not sure what will.

I am not big into scare tactics, but its difficult not to at least be slightly CONCERNED to see the national debt rack up an Apples worth of debt in less than a year. For context, it took Apple 42 years to reach a $1 trillion valuation.

An apple day < Mene 24k!

Sign up for Mene using this invite link you will get $5 in Mene credit!

http://mene.com/invite/JrT26p

4B150885-4917-4681-AD3D-97A9F90B324B.jpeg
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.

To find out more about what Menē 24 karat gold and platinum investment jewelry is from your fellow Steemians :
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Or
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Give me a flamethrower and put me in that last picture 😀

LOL good one

To see Menē24k on top of Apple makes me believe that Menē will be way BIGGER than Apple. Or maybe it will help people secure their future more than Apple ever did!

BTW, no company place huge value on customer loyalty than Menē.

I like the way you think @autofreak!

This also gives me anxiety lol. Good segue

Oh you mean the debt that towers over the Statue of Liberty? What could possibly go right?

The only thing that will go right is the people who invested in gold haha

You can say that again :)

All gold mined Capture.JPG

Lol exactly!!

Wow that is an insane visual! I mean, I knew it was a lot, but man, that is intense.

Lol right??? Its so crazy when you see it that way

Oh, my! What a graphic visual! BTW, the intrinsic value of $1,000,000,000,000.00 or 1Trillion paper dollars at 13.2 cents a $100 dollar note is only $ 1,350,000,000.00 or $1.35 Billion dollars that can be lighted with a match and burn. And that is if it exists in paper form. Most of it is in the air, in the debt-credit system, hahaha!

Well said @silversaver888 :)

Something like this:

Thats right lol

I want this apple 🍏 😁

Me too!

Good luck For future @goldmatters

Thank you for your continued support of SteemSilverGold

Wow..I have not heard of it before, but I read your article, so now I know. Thank you.

Great

Hi goldmatters. Maybe if they paid their taxes they wouldn't be worth so much. It makes you question how certain companies can basically get away with murder. Nice visualization though.

Glad you liked the images!

Or actually paid a decent wage for labor.

But hey, the caring company did provide suicide nets for their depressed Chinese workers...

You got a 5.67% upvote from @postpromoter courtesy of @goldmatters!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Thanks post promoter

How does the market cap from a company like apple compare to bitcoin market cap? Seems like bitcoin is really growing fast when you compare.

To be honest you cannot compare the two as they are apples and oranges ... no pun intended!

True it's a new asset class with it own rules.