At every Olympic games, the same questions occur to some people: how much gold is there in an Olympic gold medal, is the medal solid gold, and how much is the medal worth?

While this all risks the reducing the skill, talent and determination of Olympic champions to a crude monetary value, the answers are:

• There are 6 grams of pure gold in an Olympic gold medal
• No, they are not pure gold, they are mainly silver with a gold coating
• The gold in the medal is worth about  6/31.1 of the current spot price of one ounce of gold which at time of writing would be about $213.70

Not that much reward for all those years of training, but that's not why the athletes compete...

You will find that many people online are currently quoting a much smaller value for an Olympic gold medal. That's because they are looking at websites or information about past Olympic games which calcualte the value of the medals based on the current (then) price of gold.

They don't know, like collectors of gold do, what has happened to the price of gold recently.

• Add New
• Search

Comments (0)

Write a comment

Your Contact Details:

Name:

Your email: do not notifynotify

Website:

Comment:

Title:

UBBCode:         -color-aquablackbluefuchsiagraygreenlimemaroonnavyolivepurpleredsilvertealwhiteyellow -size-tinysmallmediumlargehuge

Message:

Security

Please input the anti-spam code that you can read in the image.

!joomlacomment 4.0 Copyright (C) 2009 Compojoom.com . All rights reserved."