At the London Olympics, for the first time, the silver inside a gold medal is worth more than the gold plating.
THE gold medals at the London games will be 17 times heavier than the ones awarded at the 1912 Olympics in Stockholm.
The 1912 games were the last one where gold medals were made entirely of gold.
The London medal will have a gold content of only about 1.5%, and at current prices will be worth $706, much more than the value of any previous gold medal (based on estimates of the composition of medals and bullion prices at the time, adjusted for inflation).
For the first time, the silver in this year’s gold medal is actually worth more than its gold content.
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