It is the ultimate reward for the greatest sporting event on the planet. More than 10,000 athletes will spend nearly three weeks competing for the chance to receive at least one of 302 Olympic Gold Medals that will be presented during the London 2012 Summer Olympic Games.
The "podium value" of the London gold medal is worth approximately $708, according to the World Gold Council, the market development organization of the gold industry. It is the highest value of any gold medal in the history of the modern games, primarily because of the record high prices for gold and silver.
Each gold medal is made up of 92.5% silver and 1.34% gold, with the remainder copper. The International Olympic Committee stipulates that each gold medal must have six grams of gold (as well as 92.5% silver).
If the London 2012 Games medals were made of solid gold, they would cost nearly $40 million to make, according to the WGC. This is why the last time pure gold medals were presented was in 1912. . .View Full Article