To receive an Olympic medal, especially gold, an athlete has to devote there entire life to that medal, so when Twitter account @CaucasianJames exposed the real truth of the value of the metal used to create the medals social media was shocked.
an olympic gold medal wouldn’t even cover my rent pic.twitter.com/niiLzbhdED
— James (@CaucasianJames) July 28, 2021
The gold medal which is actually made of 550g of sterling silver and 6g of gold coating is only worth around €635 when melted down . Even more surprisingly the bronze medal which is made out of copper and zinc is only worth under €5 when melted down. A medal when not melted and not a replica though, is worth way more than the bullion value (real value of metal). The record for the most expensive medal ever is the gold medal won by Wladimir Klitschko in 1996 which was sold for £720,000 and immediately was entered into the Klitschko Brothers Foundation, Wladimir’s charity. The medal didn’t stay with the buyer for a long time as it was given back to the boxer out of respect.
The fact that an Olympic medal’s actual value is less than an Iphone 11, yes 11 not 12, is quite shocking but at least we now know that Olympic medals are achievable to most of us albeit without all the hard work.
#MaltaDaily