Medal winners at the Paris 2024 Olympic Games surely don't care about the monetary value of their awards because in their minds they're priceless.
Olympians who've earned gold medals at the Summer Games likely couldn't care less about what we're going to tell you: They're not, technically, monetarily, worth that much.However, if you had to put a price tag on the grandaddy of them all, a gold medal, it's not that impressive -- even though the effort to win one definitely is.According to International Olympic Committee regulations, the Olympic gold medals, which weigh 529 grams, must be made out of at least 95.4% silver .
But not just any old iron. No sir. Iron from the Eiffel Tower. You read that right. You can read more about that So, according to Oxford Economics which factored in the current prices of gold, silver and iron, the top Paris Olympic prize is worth ... drumroll ... $1,027. Gold prices are at an all-time high — and so is the value of an Olympic gold medal. But they may not be worth as much as you think.But that's all relative when you finish first, second or third in the world for your specific sport.1) If the gold medal was made of pure gold, it would be valued at approximately $41,161.50.
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