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With the Vancouver Winter Olympics well underway, curiosity turns to intrigue as to how much is an Olympic gold medal is really worth.
Surprisingly, gold medals are not required to be solid gold bullion. Ironically they start off as silver and are coated in gold, with only 6% of the medal required to be gold. The Vancouver Olympics are the largest medals yet, weighing around 500 grams, 100 mm in diameter and 6mm thick.
In today’s current climate, the 2010 Winter Olympic medals are valued around £320, making them the most expensive gold medals yet. But should medals be valued in monetary terms or just seen as a symbol of all the hard work and dedication the athlete has endured. As the price of gold continue to rise, as an investment, athletes should really see that to buy gold bullion would be a better financial option! |