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Austerity At The Olympics: Each "Gold" Medal Contains 1.34% Gold
As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter - almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and... 1.34 percent gold, with IOC rules specifying that it must contain 550 grams of high-quality silver and a whopping 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.
Size Matters...(via BBC)
Though Olympic gold is no longer 100 percent gold, a medal can still fetch big money. In 2010, a gold medal worn by Mark Wells, a member of the 1980 "Miracle on Ice" U.S. men's hockey team, was auctioned off for $310,700. Several years before that, Wells had sold his medal to cover medical expenses. Just before the auction, the medal was valued at $100,000 but it earned three times that amount. Heritage Auctions of Dallas identified the 2010 buyer as a rancher from the western U.S.
The question remains - with the minimum 103 medals expected to be won by US athletes, will Bernanke be forced to reduce the size of NEW QE as 'all that precious metal is horded and repatriated back to the USA'?
Source: Dillon Gage
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Man, think of all the Grade A pussy you can get with a gold medal though. You can't measure that in dollars.
Try Nevada. You can fix the price.
Its all the same old bullshit, the same people are still making all the money,,,,,but someone at NBC is getting fired tomorrow the womens beach volleyballers are in full suits, i mean they just lost 75% of male viewership NO AZZ Crack bitchez!!!!!!!!!!!
Put all the Bankers in a big pit with a bunch of hungry lions, that should help ratings!
Apparently, you do not need a medal to score at the Olympics..
http://www.forbes.com/sites/johnclarke/2012/07/16/who-will-win-the-sex-olympics/
Only bankers win real gold medals for Financial Gymnastics. Naturally, Barclays is a favorite for the floor routine in the LIBOR medley relay.
LOLympics..
Fine, but check if there's no tungsten bars inside and that the medal hasn't been promised to someone else.
The CEOs get the gold. The corporate acolytes get the silver. The employees of the month work their balls off and get the three buck bronze attaboy or attagirl. The rest are the forgotten, who should all be kowtowing everyday in thanks and gratitude that they even get the chance to work behind the company logo at all.
"The bankers in a pit" Now there's an Olympic event that I'd pay $5000 a seat for.
the better event would be to update the 1900 french pigeon shoot....were we release 300 bankers at a time, than count the bag...
I say reactivate the Colossium and throw them all to the lions. What a Pay-Per-View event that would be.
Bankers are merely the minions of Oligarchs. When the Lions are full, the Oligarchs will still be TPTB.
Exactly! And the lions will soon be fed....
Of what possible use would bankers be in a cashless society?
Point taken. Correct me if I'm wrong but for the very first Olympic Games back in 776 BC, the beach volleyballers competed in the nude.
Yeah, but back then they were also dudes. Eeewwww!
99.99% What a coincidence.... The Metals are provided by Rio Tinto - who for centuries have been controlled by majority ownership "The Grand Master Rothchild"..... Just like the banks. Look up Rio's history.
http://m.youtube.com/#/watch?v=20KDBELD20I
History...
http://www.riotinto.com/documents/ReportsPublications/Issue_82_-_Back_to...
Deceiving the public since Waterloo.....
Debasement Bitchez!
OFFICIAL FEDERAL RESERVE GOLD!!!
GET THEM WHILE THEY'RE STILL HOT!!!
at least there's still actuall gold in it...
Will they pay taxes on it, or must it be kept in an off shore account?
What did you expect? They don't have any freakin gold in England. The brilliant Gordon Browne already gave most of it away.
Pretty soon they will merely hand the Olympian a photo of a Gold Medal.
Now that's Barbaric!!
Especially if done with a polaroid camera or anything non-digital from kodak..
a GLD certificate
You all are totally wrong! My 'gold medal' is solid metal---spray p[ainted with gold paint.
There!
I miss those old days when the athletes competed nude, to celebrate the achievements of the human body. Now that females participate it would provide great viewer ratings and provide for a gender neutral celebration. Indeed, classic Greek olive oil could be used to great advantage to provide an appealing look, along with modern spotlight technology. The winner for best oiled body should be awarded a gold kilo bar to spur competition not only in the sports, but also in the body building arts.
Can we get a plot of gold content (in grams) since 1896? Has it increased or decreased?
http://www.coinweek.com/bullion-report/olympic-medals-are-still-made-of-...
Doesn't answer the question exactly but does show that 1904 to 1912 the gold medals were actually gold.
DavidC
In 1913 the Creature from Jekyll Island started swimming in an Olympic sized pool.
Now it's syncronized swimming with all other CB's...to the bottom of the deep end.
While the total gold content may be constant, it has been diluted over a greater number of so-called sports which are more akin to leisure activities that do not really belong in the olympics. Seriously, basketball, field hockey, table tennis, badminton are not "classic" olympic sports.
Considering that your average athlete contains about 50% hormone I would say it's a good deal.
Could be worse. Could be paper gold.
or like the oscars during the war made out of chalk painted gold.
Even in peacetime the Oscars are "dipped" ! The Stalinesque left doesn't want to compromise the athlete's "amateur" status .... but mainly leftists are cheap bastards!
Or tungsten.
Nah, that's awarded to the person who came in last!
Last place for PRK athletes gets you a lead medal!
or a Comex contract, here, you think you're so hot try take delivery
What a joke. At least the cheap cocksuckers coughed up a little Silver. Worlds best athletes are screwed by the elite,, big surprise.
It's disgusting.
The article mentions that the weight of the smallest medal in 2012 is 375g. If it was made of pure gold, it would weigh about 700g (22.5oz). It would be worth 36,000USD, considering one troy ounce of gold at 1,600USD.
I don't know how many medals are given in each edition of the Olympics, but this surely would make costs higher.
Using your 36,000$ quote - 302 gold medals at the 2012 Olympics: $10,872,000 budget for the gold medals if each of them were 3/2 pounders.
The total budget is at least 17 billions USD, so that the gold medals wouldn't even be 0.07% of the budget....
The medals were provided by JPM, who were choosen for their experience.
I wonder what the security cost is...
But it would motivate contestants in the more arcane events to try harder to win.
M&M's
Can someone answer this question for me...Why in the hell would Bernanke so overtly telegraph to the market that he is intent on doing QE? Having done that now the market has risen to a point where if he does it, it's priced in and the market probably sells the news. If he does not do it the market probably sells off hard. He can only play the game of saying he will do it without doing it for so long until his hand is forced and then it just looks useless.
Why telegraph it this way and take away and steal all of his own thunder?
Too much EFFEN vodka! Qe is borne out of area 51!
Also who is more useless, a bunch of equity analysts or a bunch of espn analysts?
I'd say Equity Analysts: at least everyone recognizes that ESPN analysts are clowns ...
I was thinking that too. The espn guys may convince you to plunk down a hundred bucks on a game. The equity guys will convince you to move a good chunk of your IRA to some momo stock and lose your ass for you. At least the espn guys seem to get recycled pretty frequently.
I agree with Veyron.
You did not know until now that Olympic Gold medals are not gold, since 1912
So we're celebrating the 100th year anniversary of COUNTERFEIT Olympic Metals...
I think "Cocksucker" is too nice a word for the COCKSUCKERS.
I concur
I'll buy one gold medal if I don't have to run or jump for it!
Stand in one spot price?
Inflation is a reduction in quality, so 'devaluation-fest' is correct.
Billions for the buildings .... pennies for the athletes ! Stalin would have approved ! Your talent are belongs to us ! The left is simply Stalinesque !
To bas Apmex isn't sponsoring the olympics...
The idiots used 92% silver for the Gold Medal?
LOLLOLOLOLOLOLOLOLOLOLOLOLOLLOLOLOLOLOLOLOL
Why not?!?!
In a few years, it will be as valuable as gold now!
That's why it's so funny. They were trying to be cheap!
Better to put it into medals than missiles I guess?
pods
.
There could be no more concise, graphic, and just-for-fun ironic evidence of what (truly) ails us.
As in, collectively.
Bunch of "no-shows"
http://www.telegraph.co.uk/sport/olympics/london-2012/9434744/London-2012-Olympics-Empty-seats-on-the-opening-day-prompts-investigation.html
Hard to say what is more imbecilic, giving tickets to special groups or investigating their absence. Both results smack of the fascism enveloping all western nations.
Thank goodness they "security" contractor "underestimated" their needs so the military could fill in the gaps.
The greatest insult is that all those corporate seats are an entertainment tax-writeoff.
They don't show, don't pay anyway, and the unwashed masses gets stuck in the cheap seats.
Empty hotels and unsold tickets....
http://www.theweek.co.uk/business/london-2012/47722/empty-hotels-and-unsold-tickets-raise-fears-london-2012-flop#ixzz224cQupDO
Back in the seventies I had horrific arguments with leftist Jews about amateur status ! I simply stated that your profession was irrelelvant .... the only thing that mattered was "are you any good ?" at your sport ! The Olympics should be a competition of the best athletes .... period ! My thoughts prevailed and the free world's athletes are no longer discrimminated against by the "Olympic Party Organ" ! Athlete's should be able to compete without representing any fucking socialist country .... too !
100 yr Anniversary of counterfeit Olympic Metals, It's time to hang all the Bankers, so that they can have real metals for crying out fucking loud
Everywhere one turns you run smack into another fraud.
Gold medal my ass!
Isn't there anything thats real anymore?
Maybe. If you find it, hold on to it.
Suspect that Heavy Metal still is a Music form,thats real!
Somewhere, somehow, a JPM bot is trying to short medals.
I remember when Arthur Ashe got a solid gold tennis ball back in the 1970's for winning Wimbeldon when inflation was getting nasty.
Best. Trophy. Ever.
francis_sawyer won a golf tournament once & got a 1kg ingot of pure silver... Which was then lost in a boating accident...
Dirty rotten shame, that. Chinese boat, no doubt. We got rid of all those lousy jobs too.
My aunts brothers cousins daughter got $18,000 from her computer at home.
Bitchez.
The athletes are lucky they get what they do. The medal thing is a fairly modern development. It used to be they only got a wreath for their head, water for their horse and a few figs to chew on.
I was wondering why they did not specify Tungsten as the filler for the gold medal? At least it would have felt like it was worth something.
In ancient times, only one winner.
Earned a lot though: right to marry anyone he wished, pension for life, a house...
The Olympic anthem should be changed to: http://trololololololololololo.com or to the "Happy Wanderer"
I can get 100% real gold bars from my favorite precious metals dealer without competing in games or wearing those gay ass US uniforms. Fuck the beret.
The medals are fake................just like everything else about the Olympics!
Dont think,these socalled athlets suffer.
One,football player, has a salery of 3million reais a Month,and a Goldman CEO has one of his shirts,and in his contry,the minimum vage is???Gues my name game,aint Charlie Waterfall!
640 Reais.Contra 3 millions,dont cry for me, Argensil,Brasitina!
This Olympic show is for Pro,s!
With sponsors any Mortal,could only dream of.
Was it not,the idea, the spirit,innocent me,to be a part of the game,no not the economical debacel,the other one!
I'm not sure of all that you said.... but good handle, good Avatar and good enthusiasm !
Humble thanks!
well that is still more % of gold than is in Fort Knox
here's the 3rd installment in my 'You Didn't Build That' film series starring our President and Alec Guinness:
http://www.youtube.com/watch?v=p6Nt8Jf0moM
ENJOY
Not surprising, considering Gordon Brown gave away all the Uk's gold.
London 2012: Gold-plated Olympics
Tungsten, bitchez.
Don't swim with that medal.
How about that 007 / God shat the Queen / NHS / kids nighmares / Mary fuckin' Poppins / Chariots of Fire / Bieber (global) nation opening?
No wonder security is so tight.
"I don't know if that's cute or creepy"- Matt Lauer
It's deinitely creepy, you fuck.
Speaking of Scary and Mary, watch this.
You can bring it here if you don't like it.
http://youtu.be/clt8_Kt_rzY
there goes 31 seconds of my life...
Don't feel bad.
I had to spend 48 hours in London (Ontario) once.
It's funny how the gold medal is really a sterling silver medal.
Sadly we are in a fiat world where very little is what it seems. Everything has a coating of value but an inner of deceit and cheapness.
My gold medal goes to gold and my silver medal goes to silver. Everything else is just a pretender.
BTW those medals where minted in China
There are a lot of wealthy, successful Olympic Athletes who agree with me -- because they want to give something back. They know they didn't -- look, if you've won a medal, you didn't earn it on your own. You didn't earn it on your own. I'm always struck by athletes who think, well, it must be because I dedicated my life and trained so hard. There are a lot of world class elite athletes out there. It must be because I worked harder than everybody else. Let me tell you something -- there are a whole bunch of hardworking athletes out there. (Applause.)
If you won a metal, somebody along the line gave you some help. There was a great coach somewhere in your life. Somebody helped to create this unbelievable Olympic system that we have that allowed you to thrive. Somebody invested in Training Facilities and Olympic Villages. If you won a medal -- you didn't earn that. Somebody else made that happen. The Olympics didn't get invented on its own. Government research created the Olympics so that all the companies could make money off the Games
http://www.theblaze.com/stories/president-obama-if-youve-got-a-business-...
+1.1
I LOLed while reading that... +1 for ya.
Yeah, but even the nastiest pusher pimps leave more to their hoes ....
Don't forget about the great pharmaceuticals that really put you over the top.
There's also lots of poor, unsuccessful olympic athletes who disagree -- because they never wanted to give anything back. They think they could do it all by themselves -- look, if you didn't win a medal, it's because you tried to do it on your own. You can't do it on your own. I'm always struck by athletes who think, well, it was my own dedication. There are lots of really bad athletes out there who suck real bad. You may think that you lost because you did not train enough. Let me tell you something -- there's lots of real bad sucky athletes out there who can't even throw a stone over their neighbor's fence. (Applause)
If you didn't win a medal, it's because the government couldn't be there didn't give you a helping hand. Because those athletes thought they were smarter than the public school teachers and wanted to learn on your own and take private lessons. The government has invested heavily to prevent you from doing that. If you didn't win a medal -- it's because you rejected the collective and put yourself first. Real athletes never do that. If you want something, someone must give it to you, and if you don't do what you can to grab what is offered from officials that know what is best for you, you truly deserve to lose.
thats ok the performance enhanced athletes are fake too.
To reflect the times, gold medal should've been paper, silver - a bunch of digits in a computer and bronze - an IOU.
I think the athletes should be able to choose between receiving a medal or a futures contract of said precious metal.
Ain't so bad. They Super-sized it for ya.
Fits with the skill set of the people in charge (of everything).
next up: gold silver and bronze as a baclays etf
Are u kidding ? That's bloody embarrassing! They can afford all that billshit. But they cannot afford some real goldI? What a joke.
Do you guys honestly believe the banksters would hand out real gold to meat-heads?
Bread and Circuses for the peasants. Save the gold for the Kings.
Ratfucken Bankster Pricks
Going for the gold no longer has true meaning. It's bullshit. Might as well skip the games. Who cares?
Fish, penises, and now olympic medals; sheesh.
My ding-a-ling is SO BIG....
Societal disease. Bigger medals and bodies, smaller hearts and minds.
Hey IOC - YOU CHEAP FUCKS.
Gold means GOLD
Silver means SILVER
Bronze means BRONZE
Make the fucking medals out of the actual metal.
JESUS these assholes are ..............ASSHOLES!
so its
1st = silver medal
2nd = large copper medal
3rd = small copper medal
HAHAHAHAHAHA.
Seriously though, that's messed up.
"Look I'll just take this wheel of cheese and go my way instead?"
"I can has cheeze?"
"You get drones. Move it along."
That is disgusted and typical of the UK to make the medals bigger but devalue them. All fakery and degrades the tremendous effort the athletes put in.
For a bronze medal to not even be worth a bag of fish and chips......
Makes me think back to day when aluminium cans just came out. The big joke was to ask someone to say tin can 10 times. After doing so you asked them what a soda can was made out of, they always responded with tin, that's when you told them no, it made of aluminium.
Wtf? Shows you what respect they have for the athletes.
That is a very good US citizen decision.
Consider, the chinese are again on the path of loading up gold medals.
Less gold transfered to Chinese.
You know, with US citizens, it is all a matter of turning tables.
Gold, was good when US citizen nations were the only gold medals winners.
Less good now...
China = The Small Coqs
It aint shocking theirs were smaller....
The whole opening ceremony was a zionist's dream... The logo spells ZION http://imgur.com/JMoaz
The games begin on a day within the Jewish Holiday, Tisha B'av, which commemorates the destruction of the Jerusalem Temple.
The stadium set is called 'A Green and Pleasant Land" http://youtu.be/DipDfhY2FIo
The phrase "A Green and Pleasant Land" comes from the poem, Jerusalem, by William Blake, which was put to music years ago and played at the ceremony
And did those feet in ancient time.
Walk upon Englands mountains green:
And was the holy Lamb of God,
On Englands pleasant pastures seen!
And did the Countenance Divine,
Shine forth upon our clouded hills?
And was Jerusalem builded here,
Among these dark Satanic Mills?
Bring me my Bow of burning gold;
Bring me my Arrows of desire:
Bring me my Spear: O clouds unfold!
Bring me my Chariot of fire!
I will not cease from Mental Fight,
Nor shall my Sword sleep in my hand:
Till we have built Jerusalem,
In Englands green & pleasant Land
Then this freaky dead baby, scene.... http://imgur.com/VipUQ
The opening ceremony ends with "Hey Jude" by the Beatles. The Olympic games weill end coincidentally on the date that William Blake died.
William Blake is a prominent name in illuminati lore, he claimed to have had actual conversations with Lucifer.
The Olympic atheletes are the labor class of this institution.
The labor class NEVER gets proper compensation.
That is the capitalistic rule.
The handlers/rentiers make all the bread.
like a northern twatter boyle
empty of charms just more rothshield mossad trouble,
soon to release a hell broth soup of bio hue.
zombie mason man directs the spreading rage virus below
a vague gay hague says syrian,iranian terror will not stand
while israel laughs and sits it out again
hail to the energy harvesting from life and death.
hail mighty little mason boyle
hail virgin blood
hail slow depleted uranium and bio death
sieg hail satan
building jerusalem anew
Crony capitalism ruins the Olympics anyway. The faux gold medals are just a symptom of government involvement:
http://www.policymic.com/articles/11970/crony-capitalism-big-government-and-tsa-security-ruin-the-olympic-games
"quality beats quantity" ... Very true. Very true.
As a whole, the olyimpics is essential a away to say my region of the world has excelled more than your race.
"The last time the Olympic Games handed out solid gold medals was a hundred years ago at the 1912 Summer Games in Stockholm, Sweden."
Also the last olympics before the federal reserve act enacted. Probably just a coincidence.
Wonder how much further our society will fall before we see real, life & death gladiatorial battles in our arenas again.
2020 medals
paper mache with gold, silver and copper paint
They will use left over $100 dollar bills
.
"Troops, students and teachers are being drafted in to help end the embarrassing spectacle of empty seats at Olympic venues."
The new metal is known as Gilper.