Gold and silver prices help turn Olympic medals into the most valuable in modern Games' historyok [CNBC]
Virtus Investment Partners, Inc. (VRTS)
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Source: CNBC
Olympic gold medal to roughly $2,300 to $2,500, more than double its value at the 2024 Paris Olympic Games. Silver prices have surged about 164% since Paris, lifting the intrinsic value of silver medals to roughly $1,400. Investors have poured into precious metals amid geopolitical tensions, inflation concerns and economic uncertainty, driving one of the strongest bullion rallies in decades. In this article It isn't solid gold — but it's never been worth more. Athletes stepping onto the Winter Olympic podium in Italy this month are being draped in the most valuable medals in the Games' modern history thanks to near record-high precious metal prices. Since the Paris Summer Olympics started on July 26, 2024, spot gold prices have jumped roughly 110% to about $5,000 per ounce, while spot silver has surged about 180% hovering near $78 an ounce, according to FactSet data. At current prices, the intrinsic or “melt value” of an Olympic gold medal — value based solely on the met
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