This may have been posted before, but it caught my eye: [article by Brittany Stepniak in Wealth Daily] "...The 2012 Summer Olympics have come and gone, and you probably learned that true gold isn't easy to come by — even for the world's most celebrated athletes. A Gold Medal is only 6 grams gold — a measly 1.34%. Copper, silver, and other metals make up the rest. And Olympic Gold Medals aren't the only fakes out there..." ===== Here is an image of the infamous gold ingot(s) filled with tungsten; always been curious how they did that:
Just a guess but looks like tungsten rods were laid into a mold and then gold was poured into the mold.
The infamous tungston bars that I heard about was suppose to be 400 ounce LGD bars. Those pictured are much smaller than that.
olympic gold medal intrinsic value might be only few hundred dollars each. but if you try to buy from them. it might cost you several hundred thousand dollars. many might not for sell. so olympic gold medal is special and rare. only few hundred made per four year gap. compared to american eagle or buffalo gold coin. mintage which are very high. right?.
Yes. Right. But what's your point? Makes me wonder if there was EVER a time when the Olympics (gold) medals were coin fineness (0.900)?
Here are their respective compositions: Gold: 92.5% silver, 1.24% gold, and 6.26% copper. Silver: 92.5% silver, 7.5% copper Bronze: 97% copper, 0.5% tin, 2.5% zinc. At roughly today’s prices, that puts the value of each at (we’re assuming they weigh 400 grams): Gold: ~$576 Silver: ~$322 Bronze: ~$3 http://www.bargaineering.com/articles/london-2012-gold-medal-worth.html
Hmmm, 1912. The year before the Federal Reserve got in the driver's seat and started inflating our currency. Now coming up on a century of mismanagement, fraud, and sham economics...
