20120415 Follow Me 339 All that glisters

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Podium values

All that glisters

How much is an Olympic gold medal worth?




THE gold medals that will be awarded in London this year will be the biggest and heaviest handed out at any summer Olympics. At 400 grams (14 ounces), the equivalent of having a large tin of baked beans hanging round your neck, they will be more than twice as heavy as the average of the previous five games, and almost 17 times heavier than at the 1912 Olympics in Stockholm.

On the other hand, the 1912 games were the last one where gold medals were made entirely of gold. Now they consist mainly of silver with a thin coat of gold. Winners in London are advised not to bite too hard on their medals, as they will have a gold content of only about 1.5%. Host cities’ organising committees decide the exact design and composition of medals but the International Olympic Committee sets certain rules: gold medals must have a 92.5% minimum silver content and contain at least six grams of gold. In London, copper will make up the rest.

Taking the current price of gold and silver, a London gold medal will be worth $706. Calculations by The Economist find that this is much more than the “podium value” of any previous gold medal (based on rough estimates of the composition of medals and bullion prices at the time of each games, adjusted for general inflation). This is partly because gold and silver prices are now historically high and partly because this year’s medal is so much heavier, even though the extra weight is silver rather than gold.

Indeed, for the first time ever, the silver in this year’s “gold” medal is actually worth more than its gold content. (This echoes the past in one way: at the first modern Olympics in 1896, winners got only a silver medal.) Moreover, if the metal content of earlier medals is valued at today’s bullion prices, the London gold is worth only just over half of those handed out in 1912 (see chart).

Medals are, of course, worth far more than their weight in gold. On March 29th Wladimir Klitschko, a Ukrainian world heavyweight-boxing champion, raised $1m for charity by auctioning off his 1996 gold medal.

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关键词：lister follow list That ERS 金牌 伦敦奥运会 equivalent previous average

Sofa! This is an interesting article!

But I'm confused if this means gold price rose more than inflation. I am really confused!

The paper is easy to understand. We can rich our knowledge by reading the topic.

The picture is very interesting.

翻译如下:
奖牌价值

所有发光的都是金子？

奥运会金牌值多少钱？

今年伦敦奥运会的金牌将是历届夏季奥运会中发放的金牌中最大最重的金牌。400克（14盎司）的金牌相当于在脖子上挂上一大瓶烤豆子的重量，这将是前五届奥运会金牌平均重量的两倍，而且几乎是1912年举办的斯德哥尔摩奥运会金牌重量的17倍。

另一方面，1912年奥运会是最后一次使用纯金打造金牌的奥运会。现在金牌是表层镀金，内部材质主要为白银。不建议奥运会金牌获得者用力咬他们的奖牌，因为金牌中的含金量仅为1.5%。主办城市的组委会委员们决定金牌的设计方案和成分含量，但是国际奥委会制定了以下规定：金牌中银含量至少为92.5%，金含量至少为6克。在伦敦奥运会中，金含量不足的部分将由铜补充。

就现在的金价和银价来计算，伦敦奥运会金牌的价值为706美元。通过观察《经济学人》收集的数据发现（对历届奥运会金牌成分分析和当时金价的粗略估计，经通胀调整，）伦敦奥运会金牌的价值超过了历届奥运会奖牌价值。这主要是由于金价和银价创下历史新高，还有一部分原因是今年奥运会的金牌重量较大，尽管多出来的重量是白银而非黄金。

这的确是首次“金”牌中白银的价值超过黄金的价值。（这种做法从某种方式上照应了过去，在1986年举办的第一届现代奥运会中，获胜者只能获得银质奖牌。）此外，如果以前奥运会的金牌用现在的金价来计算，伦敦奥运会的金牌仅仅比1912年发放的金牌价值的一半高一点儿。

金牌的价值当然比黄金本身的价值高。3月28日，乌克兰重量级拳击冠军小克里钦科为做慈善，将1996年获得的金牌拍卖，拍卖价值到达100万美元。

That is honor rather than a question of money

That can not be measured by money

I am confused about the method that is used to measure  the  value of an Olympic gold medal .
Too many factors should be taken into consideration.Price,weight,inflation~~~~~
To be honest , I am interested in processing data.It's a hard work.

this article is a little bit difficult for me to understand. Even if I know what aspects the article wanna say, but the concrete content is hard to get.
No matter how confusing it is, it is very interesting. Thank u for sharing.
with the graph, we can know better.

goodthx