Olympic Gold Medal.

[Jaros]

I thought I would check the actual gold percentage in the 2016 medals.
There is 6 grams of Gold and 494 grams of Silver.
I really thought there would be more..
The Olympic Gold Medal was last made of pure Gold in 1912.
:/

I have also noted that the Silver medal is .925 Silver
The Bronze is mainly copper, some tin and zinc -worth about $3-00

 

[Eldorado]

Thanks for checking that out Jaros,I was only wondering about that a couple of nights ago.

 

[goldengoose]

Medals made to a price.
Doesn't fit the achievement and effort they have made !

Next they will be down to the hardware and grabbing a few cans of gold, silver and bronze spray cans!!!

 

[BigWave]

Many countries (including the USA) give them a cash prize:
http://www.totalsportek.com/news/olympic-gold-medal-prize-money/
Then there's sponsorships and marketing, which can bring in millions.

 

[dam it]

Many countries (including the USA) give them a cash prize:
http://www.totalsportek.com/news/olympic-gold-medal-prize-money/
Then there's sponsorships and marketing, which can bring in millions.

Of course they get Cash as well those Drugs are not cheap :lol: :lol: :lol:

 

[Jaros]

Smiles all round whether they know it or not!!?

 

[BigWave]

Spot on dam it :lol:

 

[Ridge Runner]

Really they should be solid Gold for a couple of reasons Because those Athletes Train for Years and years and Two the countries who host them make enough out of It, Mind you they would have to make them thinner because 500 grams of 999.9 would break the Bank, Even 9ct Gold would do but I don't know what 500 grams of 9ct would be worth.

The Silver content value is about $311.93 USD

John.

Crikey, That would be worth $9634.07 AUD @494 grams of 9 Ct Gold.

 

[Jaros]

HA HA what do you think Cash Converters would give you for one of those? :lol:

 

[AtomRat]

How many gold medals have been made for this years olympics? Interesting topic Jaros!

 

[Ridge Runner]

HA HA what do you think Cash Converters would give you for one of those? :lol:

about 3 cents on the Dollar, Geez I hate those places, that was where all out stolen gear ended up before the internet.

But @ $9634.03 AUD that a fair bit of change,

John.

 

[user 7222]

U.S. Medal winners have to pay a Tax to bring their Medals home. Pathetic. I'm so ashamed of my Country!

 

[dam it]

U.S. Medal winners have to pay a Tax to bring their Medals home. Pathetic. I'm so ashamed of my Country!

Are you for real :|

 

[BigWave]

Not to bring their medals home pat, only on the cash prise. Here in the Oz, they don't get the cash prise.

 

[Ridge Runner]

I have never heard of Olympians being paid prize money, ?

John.

 

[Eldorado]

Not to bring their medals home pat, only on the cash prise. Here in the Oz, they don't get the cash prise.

Here is a list of bonuses paid to gold medal winners of some countries.(source Fox sports article)
Singapore-$983,000
Indonesia-$500,000
Azerbaijan-$333,000
Italy-$242,000
France-$86,000
Russia-$80,000
USA-$33,000
Germany-$26,000
Australia-$20,000
U.K.,Norway, Sweden- no bonus.
Some incentives can go beyond cash too. South Koreans can get military exemptions,Germans a free lifetime supply of beer and Bellarussians unlimited sausages.

 

[Jaros]

Thanks Eldorado, some big bucks there.

 

[Ridge Runner]

There was a time that those that took part in the Olympics were not meant to be professional Athletes, Like Boxers and Rugby players and such Yet this year we have had professional Sports Cyclists, and Andy Murray and a couple of others competing, heaven forbid if they allow pro boxers to join in because there will be Non Pro boxers getting slaughtered.

john.

 

[DrDuck]

Old mate from Singapore won their first ever medal (gold) in the pool the other day, no wonder he was so happy, Eldorado!

 

[Davent]

980,000 will buy you a nice car in Singapore. Have you seen the price of cars there?

http://www.bloomberg.com/news/articles/2012-06-04/singapore-family-sedan-matches-cost-of-a-u-s-home

http://www.telegraph.co.uk/expat/10366160/Where-on-earth-would-a-family-car-cost-you-88000.html