Profitable the Olympics is priceless. However if you happen to needed to put a worth on it…
Reply: $2,170
The 2026 Gold medal is 500 grams whole, containing 6 grams of gold and 494 grams of silver.
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Questions:
- The “gold” medal is about 99% silver. Why do you assume Olympic organizers selected this mixture of metals?
- Do you assume an Olympic Gold Medal is value extra than simply the scrap steel worth? Why?
- Will this scrap steel worth change over time?
Listed below are the ready-to-go slides for this Query of the Day that you should use in your classroom.
Behind the Numbers (Forbes):
“To the athletes who earn them, these medals are priceless—the end result of years of dedication, sacrifice and singular focus. But past their emotional and symbolic significance, the medals additionally carry actual intrinsic worth, usually known as “podium worth.” And due to the dramatic rise in valuable steel costs over the previous 12 months, that worth has by no means been larger.
Over the past 12 months, the value of gold has climbed 67.02%, whereas silver has surged a rare 109.07% as of February 5. These features have pushed the fabric worth of the Milano Cortina medals to report ranges…
As valuable steel costs fluctuate, so does the worth of the medals. Primarily based on market costs on February 5—roughly $4,815 per troy ounce for gold and $77.25 per troy ounce for silver—the intrinsic worth of a Milano Cortina gold medal is at the moment about $2,170.”
About
the Writer
Kathryn Dawson
Kathryn (she/her) is worked up to hitch the NGPF crew after 9 years of expertise in training as a mentor, tutor, and particular training trainer. She is a graduate of Cornell College with a level in coverage evaluation and administration and has a grasp’s diploma in training from Brooklyn Faculty. Kathryn is wanting ahead to bringing her ardour for accessibility and academic justice into curriculum design at NGPF. Throughout her free time, Kathryn loves embarking on cooking tasks, strolling round her Seattle neighborhood along with her canine, or lounging in a hammock with a e book.
