Olympic medals are the focus
A total of 1017 medals are awarded to the best of the Olympics. In addition to their sentimental value, the coveted pieces also have other values. A gold medal is not made of pure gold, but of silver (550 grams) with a gold coating weighing about six grams. Based on a value of 50 euros for a gram of gold and 0.70 euros for a gram of silver, the medal is worth 685 euros.
A silver medal is made of silver and nothing else and weighs 550 grams. The composition of a bronze medal is also interesting: 95 percent copper, five percent zinc, together 450 grams. The raw material value of the silver medal is 385 euros, while the bronze medal is only 3.50 euros. In any case, all three types of medals are sustainable, because the raw materials they contain were made from old electrical appliances. Because already in 2017, the citizens of Japan were encouraged to donate electrical appliances that were no longer needed.
It was a long time ago that a gold medal consisting only of gold was awarded at an Olympic Games - it was in 1912. Many an Olympic medal was auctioned off, whether for a good cause or, as in the case of swimmer Sandra Völker, to reduce her own debts. Her silver medal, won in Atlanta in 1996, fetched 28,000 euros at auction.
Medals are certainly a nice thing to have, but to make a profit in commodities, you should stick with well-positioned commodity companies.
Take Osisko Gold Royalties - https://www.youtube.com/watch?v=9UIXZPerG-Y -, a precious metals royalty company with more than 150 royalty and precious metal sales in North America.
Caledonia Mining - https://www.youtube.com/watch?v=bkZ6UBXfBVQ - has been producing successfully for years at its Blanket gold mine in Zimbabwe with the participation of local investors.
Current corporate information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/) and Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/).
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