How much gold is in the Pyeongchang Olympic Gold Medals?
Image source: www.olympic.org
The Winter Olympics are here! The Olympics are about what is good in the world. Unity, collaboration, competition, talent - the best qualities of humanity are on display. It is the cooperation of nations that allows us to enjoy this wonderful global tradition.
Our hearts fill with joy at the medals ceremony as we celebrate the cumulation of years of training and hard work, crystallized into a shiny medal.
But how much actual gold and silver are actually in the medals and what are they worth?
A Pyeongchang silver medal has 580 grams of silver. (About 20 ounces)
https://www.goldmoney.com/research/live-prices-and-charts
At current spot prices thats a bit over $300 USD.
A Gold Medal is just a silver medal with 6 grams of gold plating.
Just a smidge more than what’s in these:
For Menē 24k investment jewelry here: http://Mene.com/invite/JrT26p
A little disappointing for me personally as I always had the perception as a kid that these were solid gold. This actually hasn’t been the case since....1912! Since I was born slightly after 1912, I’ve been wrong the whole time!
6 grams of gold is currently worth: $251 USD
If you add the silver that makes up the “gold” medal, and the 6 grams of gold plating the total metal value is approx:
$551 USD
If this was a designer jewelry piece, it would be marked up at least 80%.
So the medal would cost about $1000 for less than 4% gold.
Now check out this Menē Round Frame necklace:
https://www.mene.com/jewelry/necklaces/round-frame-necklace-polished-gold
This is ACTUAL solid 100% pure 24 karat gold. It is currently $2,181.77 USD for a eye-popping 42.81 grams of gold.
About 7x more gold than in the Pyeongchang gold medal, but only 2x what you might pay for a ‘designer’ medal.
Now I know what you are all are thinking.
I am in no way taking away from the majestic symbolic beauty of winning a gold medal in the olympics. It is an incredible feat and should be celebrated. The years of toil and sacrifice an Olympian must endure to achieve this are beyond anything most of us could accomplish.
But.
We all labor and toil to make a living. We spend much of our lives working to survive and pay rent, the mortgage, feed ourselves and our families.
We should be storing the sum of this labor in something that retains its value. There is only one form of money that achieves this for you consistently over time.
Gold.
We have ALL earned a gold medal. Not for our athleticism or competitive spirit, but our every day life. Cooperating with others and providing on a daily basis for ourselves and our loved ones.
In the game of life, we are all Olympians.
Retain and protect your wealth. You have earned it. You deserve it.
Buy some gold to protect your hard earned savings.
And the winner will be....
You.
For Menē 24k investment jewelry: http://Mene.com/invite/JrT26p
Thanks for reading everyone,
Goldmatters
Bounty: https://steemit.com/contest/@goldmatters/bounty-up-to-20-sbd-up-for-grabs
For Menē 24k investment jewelry: http://Mene.com/invite/JrT26p
To find out more about what Menē 24 karat gold and platinum investment jewelry is from your fellow Steemians :
https://steemit.com/steemit/@goldmatters/what-in-the-world-is-mene24k-35-well-researched-blog-style-essays-contest-winners
Or
https://steemit.com/mene24k/@goldmatters/what-is-mene-24-karat-platinum-and-gold-jewelry-valentine-s-day-gift-winner
To find out more about what Goldmoney is from your fellow Steemians : https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-winners
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
For Menē 24k investment jewelry here: http://Mene.com/invite/JrT26p
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
Read more about Goldmoney: https://steemit.com/@goldmatters
Your article got me into looking on ebay for an olympic silver medal now. Although there's still hope for all of us if we can make a curling team.
Awesome! Thanks for reading :)
I'm surprised the silver metal is actually silver. They should bring back the real gold medals from the past! I think Mrs. Goldmatters deserves one of those gold medals from Mene. But wait, I hope I didn't spoil you Olympic-sized Valentine's Day surprise. After all the recent Mene gifts to her it is going to be hard to top yourself!! Resteemed to my 6800 Olympic spectators all around the world.
Lol thanks for the awesome support paul :)
Great post. "We are all Olympians". True that.
Thank you :)
Thanks for sharing this one ! i was impressed to see someone who is very fanatic with gold that almost all your posts were referring to gold and as your name says "@goldmatters" . well i agree with you in buying gold jewelries as a form of long term investment. Due to the fact that gold is scarce , every year the value goes up due to it's supply and demand. A lot of people were using savings account in their savings bank but the difference is . it was accumulating a little or even none of what you stashed there.
Oh well i just shared my side here . Good thing i browsed on some Hot section and i found this one
Keep it up , maybe in the next few days im still be able to see myself spying in one of your posts again :D
Cheers !
Thank you for reading :)
always welcome . Im still gaining exposure here in steemit as im still in my puberty stage here. Well i need to fill up my feed with good stories so i am collecting and following some of the steemers here that i might be interested. I bet if you were given a chance , you would go to have a site visit in Gold Vault in New York :D
Anyways Have a good day !
Awesome to find out about the silver metal but yea I'm a little disappointed about the gold as well.
Right? It’s surprisingly depressing!
U r so crazy about gold that you kept your name as gold matters 😛😂
Haha. 😎 cool!!
You are so right about that! I’m completely nuts!
Hahaha !! It’s fantastic!! It’s so important to be nuts in this SERIOUS world !!
OT the design of these medals look so.... for lack of a better term, second class. What they can't afford to do a shinny polished finish now.
They should have had Menē design them !
That is depressing that they dont have crap for gold or silver in them.
Yeah I was disappointed to learn that
A medal for being the best in the world deserves to be all gold IMO.
Great medal, gold medal is wonderful, thank for great post
Thanks for reading
Wow too much weight the silver medal and 6grs for a gold medal it's ok because the price for each grs of gold it's too expensive, now i have a good topic to talk with coworkers. Regards
Thanks for reading my blog