Saturday, February 19, 2022

Enjoyable on Friday: Tremendous Bowl Silver or Olympic Gold?

February 18, 2022  by SchiffGold  0   0 You’ve got a alternative. Do you are taking an Olympic gold medal? Or the Lombardi Trophy?…

By Staff , in Gold , at February 19, 2022

  by SchiffGold  0   0

You’ve got a alternative. Do you are taking an Olympic gold medal? Or the Lombardi Trophy?

Don’t make a hasty resolution that you simply may remorse.

Take out of the equation whether or not you’ll slightly compete within the Olympics or the Tremendous Bowl. Primarily based purely on their worth, which might you select?

My impulse can be to go for gold. In spite of everything, it’s gold. And gold is extra priceless than silver, proper?

Not so quick.

Sure. It presently takes about 78 ounces of silver to purchase one ounce of gold. Gold is way more costly. However there’s an issue with Olympic gold.

It’s largely not gold.

Gold medals are primarily made out of silver. They’re silver medals lined with about 6 grams of gold plating. The worth of the steel in a 556-gram Olympic medal is slightly over $800. That’s nothing to sneeze at. But when it was made fully from gold, it will be valued at over $35,000 (calculated with gold at $1,800). This in all probability explains why the medals aren’t stable gold.

Then again, the Lombardi Trophy is estimated to be value about $10,000. That’s nothing to sneeze at both. The Lombardi Trophy is almost 2-feet tall and produced from sterling silver. By the way in which, sterling is an alloy of silver containing 92.5% by weight of silver and seven.5% by weight of different metals, normally copper.

Right here’s an attention-grabbing tidbit. Gamers should buy a precise reproduction of the Lombardi Trophy. In truth, there are a lot of Lombardi Trophies on the market.

So, in case your choosing primarily based merely on worth, you should get your fingers on a Lombardi Trophy.

After all, successful Olympic gold can be fairly darn cool too.

One other historic tidbit: based on Olympic data, the one time gold medals have been purely product of gold was throughout the St. Louis video games in 1904 and the London video games in 1908. The medals have been a lot smaller. And the common worth of gold in 1904 was a mere $18.96 per ounce.

So, what concerning the bronze medal winners? They could as effectively not even trouble. These medals are shaped of about 90% copper and 10% zinc. They weigh slightly below 500 grams every. The bronze medal is just about the penny of Olympic medals. However hey – what do you anticipate to get whenever you’re the second loser?

Enjoyable on Friday is a weekly SchiffGold function. I dig up a few of the off-the-wall and off-beat tales referring to valuable metals (nevertheless loosely) and share them with you – with tongue firmly planted in cheek. The opinions expressed are my very own. They’re 100% right – however not essentially shared by anyone else right here – together with Peter Schiff. Click on right here to learn different posts on this sequence.

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