This, times the number of medals. So say, basketball would be 12 golds so 3 x 12 = 36 points. Gold medal in 4x100m relay would be 12 points , etc. Oh, and anything that requires a judge, is opinion, and therefore worth 1/3 of normal medal points.. Add that sh1t up, you have a winner.
mugs
Lifer
- Apr 29, 2003
- 48,920
- 46
- 91
This comes up every 2 years. It doesn't matter how you rank them, because any ranking of countries is meaningless. Rank them however you want. All of the options have their merits and flaws.
Because being 2nd or 3rd best in the world is pretty damn awesome.
Because being 2nd or 3rd best in the world is pretty damn awesome.
vailr
Diamond Member
- Oct 9, 1999
- 5,365
- 54
- 91
What are the weights and % purity of the 3 medals?
Convert the current "spot price" metal value to dollars.
The country with the most dollar value accumulated wins bragging rights.
Does each member of a team sport receive their own medal? If the USA men's basketball team wins, does that count (in the overall standings) as 1 gold medal, or as 12 gold medals?
Convert the current "spot price" metal value to dollars.
The country with the most dollar value accumulated wins bragging rights.
Does each member of a team sport receive their own medal? If the USA men's basketball team wins, does that count (in the overall standings) as 1 gold medal, or as 12 gold medals?
silverpig
Lifer
- Jul 29, 2001
- 27,703
- 12
- 81
It varies between olympics I think, but typically silver medals are pretty much all silver. Gold medals are mostly silver with a gold plating. Bronze medals are bronze (copper and tin).
Northern Lawn
Platinum Member
- May 15, 2008
- 2,231
- 2
- 0
WTF is wrong with that? Archery is more bad ass than either cycling or shitty basketball, those should be worth less actually
In the Hunger Games for sure, not to mention Ancient Warfare when the Greeks invented the Olympics.
IAteYourMother
Lifer
- Nov 3, 2004
- 10,491
- 22
- 81
MetalMat
Diamond Member
- Jun 14, 2004
- 9,687
- 36
- 91
Thats the formula I use
And why the Olympics don't use this simple and obvious system I have no idea.
Last edited:
because the olympics are not about what country is the best. its about what person is the best, and that person is also representing the country they came from in order to make commonfolks feel connected to the event.
MetalMat
Diamond Member
- Jun 14, 2004
- 9,687
- 36
- 91
Well last time in 2008 the media constantly had us on top on medal count knowing well that China was winning it. And isn't the whole point of the Olympics country based?
I much prefer the even simpler formula that they and almost everyone else uses: first sort by num of golds, then silver and then bronze.
1. There are team sports.
2. I read an article a couple days ago about R. Cochrane who's a Canadian swimmer. Apparently, he has a team of 40+ people that videotape him swimming and analyze his strokes, take care of nutrition and what-not. And they receive funding from some government program funded by Canadian tax-payers, so I think that connects them too. And it's hardly just about one single individual in this example.
And swimming is generally a proof that what country someone comes from is quite relevant - many of the successful nations put lots of money into olympic programs and it does bring results.
vailr
Diamond Member
- Oct 9, 1999
- 5,365
- 54
- 91
http://therealasset.co.uk/going-for-gold-or-silver/
Going for Gold… Or 92.5% Silver
Posted Jul 24 2012 by Jan Skoyles
The Olympics, an event that has spanned empires, continents and generations is something that we have all grown up with and participated in one way or another.
The London 2012 Games have left much of the city divided, and brought up many questions around the UK’s ability to manage such a global event. Ultimately, however, everyone’s eyes are on the prize – the 4,700 medals available for first, second and third place of each event.
Win the ‘gold’
Of course, what everyone competing and watching would really like is for themselves, or their fellow athletes, to win gold. And whilst it will do nothing to dampen the prestige of such a win, the sad truth is that the medals are no longer real gold.
The last time Olympic gold medals were made from solid gold was in 1912 for the Stockholm Olympics. They weighed 24g and at the time were worth $17.48. Today they would be worth $1,221.54.
Gold medals, today, are effectively silver medals dipped in gold. Regulations state they must be at least 92.5% silver and plated with a minimum of 6g of gold. Weighing nearly 400g in total this year’s medals are the heaviest yet and, for the first time in the history of the Olympic Games, the silver content of the medals will be worth more than their gold content.
The reason for abandoning pure gold medals is unclear. But it may well be down to cost. The problem is, the longer loose monetary policies continue, the more expensive gold and silver will appear to be. Will we see this reflected in the gold content percentage for medals at future Games?
From the gold standard to silver medals
There are some timely parallels to be drawn with the date of the last gold medal and the change in the economic system. A mere two years after the last pure gold medal was won, the Classical Gold Standard came to end. Although gold medals have lost some of their market value, it is thrown into perspective when compared with what has happened to many sovereign currencies.
Since the end of the Classical Gold Standard, both the US Dollar and the British pound have lost over 90% of their value. In contrast, both gold and silver have reached record highs and are likely to continue to climb in price as the devaluation of our paper money continues.
A year after the last gold medal was awarded, the US Congress enacted the Federal Reserve Act and in 1914, Britain found themselves in what became World War I. As a result of both of these factors, each government implemented money supply policies with greater elasticity and in turn excessive debt creation and money debasement.
As a result of WWI, the 1916 Olympic Games were also cancelled.
Accordingly, as the Olympic Games were revived and continue to this day with great levels of success and development, the gold standard in its various forms has been abandoned.
Weight in gold
What we must not forget is the true value of these medals far out shines their actual weight in gold. In 2004 a medal won by Polish swimmer, Otylia Jedrzejczak, was auctioned for charity and sold for $82,999. Gold may be the ultimate form of wealth preservation and fiat, but nothing can make you feel quite as wealthy as winning the most historical and highest accolade in the sporting world.
The Real Asset Company would like to wish the all the Olympic athletes the best of luck for London 2012.
Going for Gold… Or 92.5% Silver
Posted Jul 24 2012 by Jan Skoyles
The Olympics, an event that has spanned empires, continents and generations is something that we have all grown up with and participated in one way or another.
The London 2012 Games have left much of the city divided, and brought up many questions around the UK’s ability to manage such a global event. Ultimately, however, everyone’s eyes are on the prize – the 4,700 medals available for first, second and third place of each event.
Win the ‘gold’
Of course, what everyone competing and watching would really like is for themselves, or their fellow athletes, to win gold. And whilst it will do nothing to dampen the prestige of such a win, the sad truth is that the medals are no longer real gold.
The last time Olympic gold medals were made from solid gold was in 1912 for the Stockholm Olympics. They weighed 24g and at the time were worth $17.48. Today they would be worth $1,221.54.
Gold medals, today, are effectively silver medals dipped in gold. Regulations state they must be at least 92.5% silver and plated with a minimum of 6g of gold. Weighing nearly 400g in total this year’s medals are the heaviest yet and, for the first time in the history of the Olympic Games, the silver content of the medals will be worth more than their gold content.
The reason for abandoning pure gold medals is unclear. But it may well be down to cost. The problem is, the longer loose monetary policies continue, the more expensive gold and silver will appear to be. Will we see this reflected in the gold content percentage for medals at future Games?
From the gold standard to silver medals
There are some timely parallels to be drawn with the date of the last gold medal and the change in the economic system. A mere two years after the last pure gold medal was won, the Classical Gold Standard came to end. Although gold medals have lost some of their market value, it is thrown into perspective when compared with what has happened to many sovereign currencies.
Since the end of the Classical Gold Standard, both the US Dollar and the British pound have lost over 90% of their value. In contrast, both gold and silver have reached record highs and are likely to continue to climb in price as the devaluation of our paper money continues.
A year after the last gold medal was awarded, the US Congress enacted the Federal Reserve Act and in 1914, Britain found themselves in what became World War I. As a result of both of these factors, each government implemented money supply policies with greater elasticity and in turn excessive debt creation and money debasement.
As a result of WWI, the 1916 Olympic Games were also cancelled.
Accordingly, as the Olympic Games were revived and continue to this day with great levels of success and development, the gold standard in its various forms has been abandoned.
Weight in gold
What we must not forget is the true value of these medals far out shines their actual weight in gold. In 2004 a medal won by Polish swimmer, Otylia Jedrzejczak, was auctioned for charity and sold for $82,999. Gold may be the ultimate form of wealth preservation and fiat, but nothing can make you feel quite as wealthy as winning the most historical and highest accolade in the sporting world.
The Real Asset Company would like to wish the all the Olympic athletes the best of luck for London 2012.
Rumpltzer
Diamond Member
- Jun 7, 2003
- 4,815
- 33
- 91
Honestly I go by golds. Which is unfortunate since China is kicking the US's ass right now in that department.
Resolve that by normalizing over the population of each country. China is over 4x larger in population.
But then the US has 6.5x the population of S. Korea and nearly 5x the population of France...
North Korean Twitter feed states that they've won every gold medal so far. They're doing well!
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 24K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes Discussion Threads
- Started by Tigerick
- Replies: 20K
-
-
-
Facebook
Twitter