Thursday, August 2, 2012

London 2012 Olympics Medal Table - Team GB Tally

London 2012 Olympics Medal Table - Team GB Tally


As a follow up to the earlier Max Farquar post, about the London 2012 Olympics medal table, I thought we’d continue to keep a track of how things are going and how much each of the gold, silver and bronze medals are costing us pro rata, in relation to the £25 billion that we’ve had to fork out for the Seb Coe-Ca-Cola Sports days.

Well, I say gold, silver and bronze but thanks to a comment here, by George Silver, we can see what the London 2012 olympic medals are actually made of :
Gold Medal is 92.5% Silver, 6.16 % Copper, 1.34% Gold. Silver Medal is 92.5% Silver, 7.5% Copper. (It seems that coming second almost gets you the real medal.) Bronze Medal is 97% Copper, 2.5% Zinc, 0.5% Tin
Hmmm, anyway, we need some kind of rudimentary formula that we can use to convert the Team GB medal tally into a current cost per medal and thanks to a regular Max Farquar reader, Joe Public, we have one :
1 x Gold = 2 x Silver = 4 x Bronze medals
 So, here is the latest London 2012 Olympics medal table as of midnight 1st August ….
London 2012 Olympics Medal Table Team GB Medals Tally so far gold silver bronze count great britain northern ireland men women funny image
… and, using the formula, I make that a gold medal equivalent of 4.5 which means the cost per medal currently stands at £55,555,555.60p. That’s more than £55 billion each. WTF! Oh, but to be fair, David Cameron reckons the Olympics will bring in an extra £1 billion revenue over the next few years. A mere drop in an Olympic sized swimming pool … if you ask me.
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