The precious medals of the 2024 Olympic Games in Paris

The precious medals of the 2024 Olympic Games in Paris

The coveted Olympic medals contain gold, silver, bronze and a piece of the Eiffel Tower.

The medals contain a piece of French history, as each piece contains 18 grams of original iron from the Eiffel Tower. When part of the original iron was removed during renovation work in the 20th century, it was carefully preserved. The original iron has now found a new home. This is the first time that the medals have been designed by a jewelry company. They have a symbolic value and the iron of the Eiffel Tower.

Calculations of the value of the medals are based on the precious metal prices on July 24. An ounce of gold cost around 2,400 and an ounce of silver around 29 US dollars. An Olympic gold medal weighs 529 grams this year. Of this, 18 grams are iron, six grams are gold and 505 grams are silver. This amounts to a value of around 932 US dollars. The silver medal is worth around 471 US dollars. The bronze medal consists mainly of copper and some zinc, which means that it has only a minimal intrinsic value if you only look at the raw materials that were used. The medals for the Olympic Games in Tokyo in 2020 were also something special, as recycled electronic devices, especially cell phones, were used to produce them in order to focus on sustainability.

Medals have their own special value. Gold and silver coins delight investors. But the values of gold companies are also ideal for a portfolio, which should always consist of several different components. Unlike coins or bars, there is no storage issue with shares and they generally react with leverage to rising precious metal prices. Gold and silver will never go out of fashion. Central banks are also increasingly using gold as a hedge. They currently own a total of almost 38,000 tons of gold, which is more than 17 percent of all gold ever mined. Promising candidates among the gold companies include OceanaGold and Fortuna Mining.

OceanaGold - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ - is a successful producer. Its gold mines are located in the USA, the Philippines and New Zealand. OceanaGold also has strategic investments and shareholdings.

Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - (formerly Fortuna Silver Mines) produces gold and silver. The projects are located in Mexico, Peru, Burkina Faso, Argentina and the Ivory Coast.

Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/de/unternehmen/fortuna-mining-corp/ -) and OceanaGold (- https://www.resource-capital.ch/de/unternehmen/oceanagold-corp/ -).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

 Disclaimer: The information provided does not constitute a recommendation or advice. Attention is expressly drawn to the risks involved in securities trading. No liability can be accepted for damages arising from the use of this blog. I would like to point out that shares and in particular warrant investments are always associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of all content. Despite the utmost care, I expressly reserve the right to make errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but in no way claims to be accurate or complete. Due to court rulings, the contents of linked external pages are also to be answered for (e.g. Hamburg Regional Court, in the ruling of May 12, 1998 - 312 O 85/98), as long as no explicit dissociation from these is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/.