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Olympic Gold Medals are mostly Silver - Melt Value $494

 
five golden rings
User ID: 3767410
New Zealand
07/12/2012 04:51 PM
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Olympic Gold Medals are mostly Silver - Melt Value $494
First place Olympic Gold Medal: It is composed of 550 grams of silver (at least 925–1000 grade) covered with 6 grams of pure gold (worth approximately $494).

Olympic Athletes - Don't be fooled by Gold plated silver medals this year in London.
Anonymous Coward
User ID: 19515666
Belarus
07/12/2012 04:53 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
they dont even have the money for pure gold

the world is really weird place
Anonymous Coward
User ID: 1280210
Czech Republic
07/12/2012 06:23 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
550g silver = $480
6g gold = $303

Total intrinsic value = $783

Personal value = A lifetime of work and preparation
Anonymous Coward
User ID: 18652578
United States
07/12/2012 06:41 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
550g silver = $480
6g gold = $303

Total intrinsic value = $783

Personal value = A lifetime of work and preparation
 Quoting: Anonymous Coward 1280210


cheersapplause
Anonymous Coward
User ID: 19614455
Mexico
07/12/2012 06:50 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
550g silver = $480
6g gold = $303

Total intrinsic value = $783

Personal value = A lifetime of work and preparation
 Quoting: Anonymous Coward 1280210


I prefer my 6 figures (dlls) job than a Gold Medal !!

ana
Anonymous Coward
User ID: 16518282
United States
07/12/2012 07:09 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
Well shit screw that I guess I won't be competing this year, fuckin' trained all my life to learn that it's a fucking rip off...
Anonymous Coward
User ID: 17114980
Canada
07/12/2012 07:11 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
they dont even have the money for pure gold

the world is really weird place
 Quoting: Anonymous Coward 19515666


pure 24K gold would cost almost $30,000 per medal. Seems like peanuts in a world of "Who wants to be a millionaire" or "Fear Factor" prizes.
Anonymous Coward
User ID: 18414782
United States
07/12/2012 07:13 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
Well shit screw that I guess I won't be competing this year, fuckin' trained all my life to learn that it's a fucking rip off...
 Quoting: Anonymous Coward 16518282


Actually, depending on what sports, gold medal will get you millions in endorsements in USA. Not sure about other countries.
Anonymous Coward
User ID: 19642319
07/12/2012 07:22 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
they dont even have the money for pure gold

the world is really weird place
 Quoting: Anonymous Coward 19515666


pure 24K gold would cost almost $30,000 per medal. Seems like peanuts in a world of "Who wants to be a millionaire" or "Fear Factor" prizes.
 Quoting: Anonymous Coward 17114980


too expensive,thats about $9,060,000
Anonymous Coward
User ID: 11333543
United States
07/12/2012 08:04 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
figuring silver is in such short supply, i wouldnt mind taking the silver medal
Anonymous Coward
User ID: 13914072
Sweden
07/12/2012 08:40 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
First place Olympic Gold Medal: It is composed of 550 grams of silver (at least 925–1000 grade) covered with 6 grams of pure gold (worth approximately $494).

Olympic Athletes - Don't be fooled by Gold plated silver medals this year in London.
 Quoting: five golden rings 3767410


Considering that just 1 (one) ticket to sports that otherwise have to herd spectators with a cattleprod, is around $1000... (And no free tickets for relatives of the athletes either)

I'd say it's a fucking rip-off...
Anonymous Coward
User ID: 19636811
New Zealand
07/12/2012 09:51 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
Seems like an awful waste of silver if they are just going to cover it up with plating.
Anonymous Coward
User ID: 1410299
United States
07/12/2012 09:53 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
link or you stink
Anonymous Coward (OP)
User ID: 3767410
New Zealand
07/12/2012 09:54 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
link or you stink
 Quoting: Anonymous Coward 1410299


you callin' me a liar?
CHL2T
Handle it Man!

User ID: 989605
United States
07/12/2012 09:55 PM

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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
I'd be interested to know if thhe medals have always been faux or if this is a recent development.....
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Anonymous Coward
User ID: 19557030
United States
07/12/2012 10:00 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
link or you stink
 Quoting: Anonymous Coward 1410299


you callin' me a liar?
 Quoting: Anonymous Coward 3767410


I'm just saying prove it. seal goldtards ride.
Anonymous Coward
User ID: 16645909
Canada
07/12/2012 10:00 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
Might as well make them chocolate in the middle with a gold foil wrapper.
willrocks

User ID: 2815100
Australia
07/12/2012 10:02 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
The look on the athlete's face when they're poor and go to sell/pawn their gold Olympic medals = Priceless

What about the silver medals? are they silver plated bronze?
Anonymous Coward
User ID: 18922283
Spain
07/12/2012 10:10 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
The look on the athlete's face when they're poor and go to sell/pawn their gold Olympic medals = Priceless

What about the silver medals? are they silver plated bronze?
 Quoting: willrocks


Yea, i heard silver medals are actually tin plated lead.
Anonymous Coward
User ID: 10924528
United States
07/12/2012 10:12 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
you sure it's not tungsten?
Anonymous Coward
User ID: 18922283
Spain
07/12/2012 10:12 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
Might as well make them chocolate in the middle with a gold foil wrapper.
 Quoting: Anonymous Coward 16645909


Nice idea, could also save more money by buying out of date chocalates for cheap, like grandma does.
Anonymous Coward
User ID: 8410120
United States
07/12/2012 10:14 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
They skimped on the gold cuz they went heavy on the troops and rocket launchers.
Anonymous Coward
User ID: 19015236
United Kingdom
07/12/2012 10:15 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
iF i WON A GOLD MEDAL IN THE oLYMPICS i WOULD PRETEND TO THRow IT IN THE hoofman CREW IN aLaSKA IN gold rush to give them some hope of hitting gold. dasbier
Anonymous Coward
User ID: 16133418
United States
07/12/2012 10:18 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
I'd be interested to know if thhe medals have always been faux or if this is a recent development.....
 Quoting: CHL2T


Me too!

This thread has important implications that aren't immediately obvious to many...but obvious to me..
Anonymous Coward
User ID: 9977516
Australia
07/12/2012 11:06 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
So the Olympics themselves cost BILLIONS to stage and yet the one thing that both the athletes and the crowd are most interested in - the medals - are cheap imitations....

I honestly thought that they would have factored in the $9M for the cost of the medals into the Billion dollar budget.
Anonymous Coward
User ID: 5750219
Australia
07/12/2012 11:08 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
First place Olympic Gold Medal: It is composed of 550 grams of silver (at least 925–1000 grade) covered with 6 grams of pure gold (worth approximately $494).

Olympic Athletes - Don't be fooled by Gold plated silver medals this year in London.
 Quoting: five golden rings 3767410


By your logic, the value is in the object's material value. Hence, in your world, the value of the Mona Lisa would be zero.
ExpertOfSound

User ID: 1779676
United States
07/12/2012 11:11 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
Well shit screw that I guess I won't be competing this year, fuckin' trained all my life to learn that it's a fucking rip off...
 Quoting: Anonymous Coward 16518282


Actually, depending on what sports, gold medal will get you millions in endorsements in USA. Not sure about other countries.
 Quoting: Anonymous Coward 18414782


Thats the truth! Gold medal is just an eye candy piece.
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CharlieMurphy

User ID: 8396450
United States
07/12/2012 11:26 PM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
With all the money they make there...

Look up the price of tickets to the final event of the 100m dash, its insane.
Fuck Yea!
Anonymous Coward
User ID: 17420748
United States
07/13/2012 12:00 AM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
You'd think they could make the metals from about 3 oz of pure gold. With all the TV coverage hoopla, ticket sales, big sponsor money etc. they could scape up enough cash for some real gold metals. Maybe they want the metals to be oversized though for TV coverage.
Anonymous Coward
User ID: 19659238
China
07/13/2012 12:34 AM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
They probably have tungsten innards.
Coward
User ID: 10886954
United States
07/13/2012 07:48 AM
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Re: Olympic Gold Medals are mostly Silver - Melt Value $494
OP is right, haven't been real for a century

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