The amount of gold in an Olympic gold medal has fallen to 1.34 percent, thanks to gold prices that recently peaked at $1,895 an ounce. At current prices, a pure 400g medal would cost about $25,000 to make, with a total bill of about $50m for the games.
"The last time the Olympic Games handed out solid gold medals was a hundred years ago at the 1912 Summer Games in Stockholm, Sweden," writes gold brokers Dillon Gage. "Gold medals were in fact only gold for eight years. The 1904 Olympics in St. Louis introduced the gold medal as the prize for first place."
The 2012 gold is 92.5 percent silver, 1.34 percent gold, and 6.16 copper, with IOC rules specifying that it must contain 550 grams of high-quality silver and 6 grams of gold. The resulting medallion is worth about $500. For the silver medal, the gold is replaced with more copper, for a $260 bill of materials.
The bronze medal is 97 percent copper, 2.5 percent zinc and 0.5 percent tin. Valued at about $3, you might be able to trade one for a bag of chips in Olympic park if you skip the fish.
This ain’t Mark Roberts’ first rodeo. The British nudist who hopped onto an Olympic ice rink at PyeongChang in a pink tutu and a monkey-faced codpiece (strategically covering his junk, of course) has a long history of streaking. For 25 years now, Roberts has run bare (partially or completely) at hundreds of international sport events, […]
“The most feared weapon of any dictatorship is satire,” says Howard, the Australian who impersonated Kim Jong-un waving a United Korea flag in front of North Korean cheerleaders at the Olympics yesterday. He was rewarded with a none-too-happy response. According to the impersonator, his stunt got him a kick in the shin and angry shouting […]
If only it were true. Chicago’s ABC affiliate WLS-TV featured the graphic seen above during a story about the Winter Olympics in PyeongChang. From the Chicago Tribune: Jayme Nicholas, a spokesperson for the ABC affiliate in Chicago, told Inc. that the goof was the result of a mix-up. The graphic was created for a different […]
Breaking into the big leagues as a project manager isn’t done overnight, but there are principles that anyone can learn, and they’re applicable to nearly any business. No matter what your field, if there are multiple teams working toward a common goal, you’re going to need a roadmap. The Project Management Professional Certification Training Suite […]
On the one hand, nostalgia is “a corruption of the historical impulse,” according to William Gibson. On the other hand, “Super Mario Bros.” will never not be cool. Luckily, there’s a way to satisfy that retro gaming while still keeping an eye on the future: The GameShell Kit. This thing is simultaneously the last handheld […]
The field of data analytics can get intimidating, even for business professionals who constantly rely on it. But at its heart, its purpose is to simplify. To take mounds of information and distill their insights into a single clear picture. Currently, the go-to software for painting that picture is Tableau. And if you want to […]