As the Paris Olympics close, following Tom Cruise’s abseiling into the Stade de France as an effort to wave in the 2028 Los Angeles games, there remains a big question over the value of Going For Gold.
In a report by Oxford Economics, the leader in global forecasting and quantitative analysis, it is claimed that the Olympic Gold Medal is not all gold.
In fact, it is only just over 1% gold!
The medals consist of 523 grams of silver and just six grams of gold.
Whereas the Olympic Silver Medals are all silver, some 525 grams.
The Olympic Bronze Medals are a 455 gram mix of copper, tin and zinc.
But did you know that each of the medals have included a piece of iron from the Eiffel Tower, giving them truly unique value.
Furthermore, Oxford Economics informs that the gold medals are worth some $1,027, while the silver medals are worth $535, and the bronze medals are worth just a paltry $4.60.
In My View
I am in total admiration for all of the participants and contestants in the Olympics.
The pride that they gain for their relative countries cannot be priced by a commodity, but instead by the fierce competition and attainment of the various awards.
It is not about the values but the achievement.