{"id":16766,"date":"2024-07-31T01:53:09","date_gmt":"2024-07-31T01:53:09","guid":{"rendered":"https:\/\/www.vtmarkets.com\/blog\/?p=13289"},"modified":"2024-07-31T01:53:09","modified_gmt":"2024-07-31T01:53:09","slug":"athletes-are-eyeing-gold-at-the-paris-2024-olympics-so-should-you","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.net\/fr\/learn\/athletes-are-eyeing-gold-at-the-paris-2024-olympics-so-should-you\/","title":{"rendered":"Athletes are eyeing gold at the Paris 2024 Olympics. So should you."},"content":{"rendered":"\n<p><strong>Here\u2019s the twist: Not all that glitters are gold. You\u2019re about to find out what exactly goes into the 2024 Olympic gold medal and why it\u2019s worth examining the value of these precious metals.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/blog\/wp-content\/uploads\/sites\/11\/2024\/07\/shutterstock_2401874133-1-1024x576.jpg\" alt=\"Close-up image of the gold, silver, and bronze medals for the Paris 2024 Olympics placed on the official Paris 2024 logo background. Showcasing the Olympic spirit and the prestigious awards for athletic excellence, this image highlights the intricate design of the medals and the iconic Olympic rings.\" class=\"wp-image-13293\" style=\"width:1450px;height:auto\" \/><figcaption class=\"wp-element-caption\">2401874133<\/figcaption><\/figure>\n\n\n\n<p>After a century, the 2024 Summer Olympics will see the games return to Paris.<\/p>\n\n\n\n<p>All in for the win, the world\u2019s top athletes dedicated years to their sport.<a href=\"https:\/\/x.com\/jessfoxcanoe?lang=en\"> Olympic champion Jess Fox<\/a> is hoping to make it back-to-back gold this year and will be competing tirelessly to take home the ultimate symbol of glory\u2014the Olympic gold medal.<br><br>On Thursday 8 February,<a href=\"https:\/\/x.com\/TonyEstanguet\/status\/1755530654366757006\" target=\"_blank\" rel=\"noopener\" title=\" Tony Estanguet, President of the Paris 2024 Organising Committee\"> Tony Estanguet, President of the Paris 2024 Organising Committee<\/a> unveiled the medals of the upcoming Paris Olympic and Paralympics.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"fr\" dir=\"ltr\">Tr\u00e8s \u00e9mu de vous pr\u00e9senter les m\u00e9dailles des championnes et champions de Paris 2024 ! <a href=\"https:\/\/t.co\/vJUSejl8Ys\">pic.twitter.com\/vJUSejl8Ys<\/a><\/p>&mdash; Tony Estanguet &#8211; OLY (@TonyEstanguet) <a href=\"https:\/\/twitter.com\/TonyEstanguet\/status\/1755530654366757006?ref_src=twsrc%5Etfw\">February 8, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p> The Paris Mint is manufacturing 5,084 medals. Of this number about 2,600 are for the Olympics and 2,400 for the Paralympics.<\/p>\n\n\n\n<p>Each gold, silver, and bronze medal features an 18-gram hexagonal chunk of iron that was once part of the Eiffel Tower. The medals measure 85mm in diameter and 9.2mm in thickness.<\/p>\n\n\n\n<p>Unlike any medals awarded since Athens 1896, LVMH&#8217;s Chaumet has taken up the challenge of combining these precious metals. They have brought the vision of modern Olympic medals to life, incorporating a small piece of Paris into each design.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Breaking down the composition of the gold medal<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Silver gets the gold<\/strong><\/h3>\n\n\n\n<p>You\u2019d be forgiven thinking that the Olympics Paris 2024 gold medal is made of gold.<br>The fact is that it isn\u2019t made of gold at all. Only 6 grams are pure gold, used for plating.<br><br>95% of the Olympic gold medal is actually silver\u2014505 grams, to be exact.<br>The remaining 18 grams are iron.<br><br>The silver medal weighs 525 grams, with 507 grams of silver and 18 grams of iron. Based on the spot prices for silver and iron as of July 24, its value is around $486.<\/p>\n\n\n\n<p>Based on VT Markets\u2019 analysis, silver has been recognised as the top-performing commodity of 2024.<strong> <\/strong>Silver prices (Symbol: XAGUSD) have risen by 21% year-to-date in 2024, outperforming other metals like gold and copper, as well as the S&amp;P 500 index.<br><br>Read the full analysis here: <a href=\"https:\/\/www.vtmarkets.com\/market_analysis\/silver-shines-bright-as-the-best-performing-commodity-of-2024\/\">Silver shines bright as the best-performing commodity of 2024<br><br><\/a>The bronze medal weighs 455 grams, made up of 415.15 grams of copper, 21.85 grams of zinc, and 18 grams of iron. Its value is roughly $13.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key stats behind the Paris 2024 medals<\/strong><\/h2>\n\n\n\n<p><strong>529g: the weight of the gold medal<br><\/strong>Gold plating: 6 grams<br>Silver: 505 grams<br>Eiffel Tower iron: 18 grams<\/p>\n\n\n\n<p><strong>525g: the weight of the silver medal<br><\/strong>Silver: 507 grams<br>Eiffel Tower iron: 18 grams<\/p>\n\n\n\n<p><strong>455g: the weight of the bronze medal<br><\/strong>Copper: 415.15 grams<br>Zinc: 21.85 grams<br>Eiffel Tower iron: 18 grams<\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>How much is the metal of an Olympic medal worth?<\/strong><\/h1>\n\n\n\n<p>If these medals were made entirely of gold, they&#8217;d be worth around $41,161.50 each! That\u2019s why the last time they handed out pure gold medals was way back in 1912.<br>&nbsp;<br>While the monetary value of an Olympic medal is around $500, that doesn\u2019t mean athletes don\u2019t make money at all.<br><br>The payout for Olympic medalists varies by country\u2014 with Malaysia, Morocco, or Serbia receiving an upward of $200,000 from their country&#8217;s government or national Olympic committee for bringing home gold. The true value lies in its priceless pride of victory.<\/p>\n\n\n\n<div style=\"text-align: center\"> \n\n <\/div>\n\n\n\n<p class=\"has-text-align-center\"><em>Source:<a href=\"https:\/\/www.usatoday.com\/story\/sports\/olympics\/2024\/07\/15\/how-much-are-olympic-gold-medalists-paid\/74021022007\/\"> USA TODAY<\/a><\/em><\/p>\n\n\n\n<p>Medals with some history behind them have been sold for an excess of 1 million dollars on auction. The value of past gold medals has surged dramatically due to record gold prices. For example, one of Jesse Owens&#8217; medals from 1936 sold for approximately $1,470,000.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.instagram.com\/m_phelps00\/?hl=en\">US swimmer Michael Phelps<\/a> is the most decorated Olympian with 23 golds, 3 silvers, and 2 bronze, earning him the title of \u201cKing of medals\u201d in the Summer Olympics and an estimated net worth of $100 million.&nbsp;<\/p>\n\n\n\n<p>This significant wealth comes from his exceptional swimming career, smart business investments, and profitable brand endorsements.<\/p>\n\n\n\n<p>Hence, the 2024 Olympic medals not only symbolise athletic achievement but also reflect economic dynamics as metal prices continue to fluctuate.<br><br>On the topic of gold, you might be interested to discover <a href=\"https:\/\/www.vtmarkets.com\/blog\/education\/4-reasons-why-traders-flock-to-safe-haven-gold-during-global-political-tensions\/\">4 reasons why traders flock to safe-haven gold during global political tensions&nbsp;<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Our precious metals are made to compete<\/strong><\/h2>\n\n\n\n<p>This makes it an exciting time to examine the raw values of the commodities that make up the Olympic medals.<\/p>\n\n\n\n<p>Although various financial instruments like options, futures, and ETFs are available for trading gold and other precious metals, their performance can differ significantly, especially depending on the broker offering them.<\/p>\n\n\n\n<p>Much like a top Olympian, VT Markets&#8217; CFD precious metals\u2014gold (XAUUSD), silver (XAGUSD), and copper (CME)\u2014demonstrate a competitive edge in a highly dynamic market. Trading with VT Markets offers advantages like ultra-low spreads and flexible leverage options up to 500:1.<\/p>\n\n\n\n<p>With a diverse precious metals portfolio for you to choose from, it\u2019s easy to optimise your trading strategy and align them with your preference. In the same way athletes compete in multiple events to increase their chances of winning, trading various precious metals like gold, silver, and platinum helps diversify your portfolio, spreading out risk.<\/p>\n\n\n\n<p><strong>Unleash your athletic spirit<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\"><img decoding=\"async\" src=\"https:\/\/vtmarketsc1dev.wpenginepowered.com\/wp-content\/uploads\/2024\/07\/BeATradingAthlete-Facebook-851x315px_1x.jpg\" alt=\"\" class=\"wp-image-13291\" style=\"width:1450px;height:auto\" \/><\/a><\/figure>\n\n\n\n<p>In celebration of the 2024 Paris Olympics, VT Markets is running a once-in-four-years campaign where you could win up to USD 14,000 from our prize pool by trading with us. Complete simple daily missions to earn rewards and stay in the race to maximise your gains.<\/p>\n\n\n\n<p><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\"><strong>Download the app now to get started<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlike any medals awarded since Athens 1896, LVMH&#8217;s Chaumet has taken up the challenge of combining these precious metals. They have brought the vision of modern Olympic medals to life, incorporating a small piece of Paris into each design.<\/p>\n","protected":false},"author":2,"featured_media":16763,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7,27],"tags":[11],"class_list":["post-16766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","category-trading-tips","tag-trading"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.8.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Unlike any medals awarded since Athens 1896, LVMH&#039;s Chaumet has taken up the challenge of combining these precious metals. 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So should you. - VT Markets","og:description":"Unlike any medals awarded since Athens 1896, LVMH's Chaumet has taken up the challenge of combining these precious metals. They have brought the vision of modern Olympic medals to life, incorporating a small piece of Paris into each design.","og:url":"https:\/\/www.vtmarkets.net\/fr\/learn\/athletes-are-eyeing-gold-at-the-paris-2024-olympics-so-should-you\/","article:published_time":"2024-07-31T01:53:09+00:00","article:modified_time":"2024-07-31T01:53:09+00:00","twitter:card":"summary_large_image","twitter:title":"Athletes are eyeing gold at the Paris 2024 Olympics. So should you. - VT Markets","twitter:description":"Unlike any medals awarded since Athens 1896, LVMH's Chaumet has taken up the challenge of combining these precious metals. They have brought the vision of modern Olympic medals to life, incorporating a small piece of Paris into each design."},"aioseo_meta_data":{"post_id":"16766","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"seo_analyzer_scan_date":"2025-08-15 01:21:33","breadcrumb_settings":null,"limit_modified_date":false,"reviewed_by":null,"open_ai":null,"ai":null,"created":"2025-02-16 08:25:30","updated":"2025-08-15 01:21:33"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.net\/fr\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.net\/fr\/category\/learn\/\" title=\"Learn\">Learn<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\tAthletes are eyeing gold at the Paris 2024 Olympics. So should you.\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.vtmarkets.net\/fr"},{"label":"Learn","link":"https:\/\/www.vtmarkets.net\/fr\/category\/learn\/"},{"label":"Athletes are eyeing gold at the Paris 2024 Olympics. So should you.","link":"https:\/\/www.vtmarkets.net\/fr\/learn\/athletes-are-eyeing-gold-at-the-paris-2024-olympics-so-should-you\/"}],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/posts\/16766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/comments?post=16766"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/posts\/16766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/media\/16763"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/media?parent=16766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/categories?post=16766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/tags?post=16766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}