Gold was cheap...not anymore

The colonial masters were in charge then and got gold very cheap, same reason their palaces were made of pure gold. Now Africans have taken charge of their gold and you can't easily see it hat way again.

brain54:
I want to think they were fewer people participating in the Olympics then...

So providing pure gold as medals wouldn't have cost so much.

On the other hand more participants in modern Olympics would require more logistics and the cost of providing pure gold as medals would be skyrocketing. Who would bear this cost. And can it even be afforded by the organizers?

The issue here is cost reduction.

A symbolic gold medal to me is enough.

Maybe athletes can be compensated or rewarded by the country's they represented and won medals for.

To reduce the cost burden on the organizers!

IOC and organizers have enough money to flex.
there's even plenty more to build missiles and wage wars..

its just intentional

brain54:
I want to think they were fewer people participating in the Olympics then...

So providing pure gold as medals wouldn't have cost so much.

On the other hand more participants in modern Olympics would require more logistics and the cost of providing pure gold as medals would be skyrocketing. Who would bear this cost. And can it even be afforded by the organizers?

The issue here is cost reduction.

A symbolic gold medal to me is enough.

Maybe athletes can be compensated or rewarded by the country's they represented and won medals for.

To reduce the cost burden on the organizers!

You said it right. More wisdom

Omoluabi16:
Olympics wey include break dance, that one na Olympics? Is it not preferable to include scrabble, chess or perhaps 1,2,3 salatu go?

good to know it wont feature in 2028

The old one na original
The new on na aba made

brain54:
I want to think they were fewer people participating in the Olympics then...

So providing pure gold as medals wouldn't have cost so much.

On the other hand more participants in modern Olympics would require more logistics and the cost of providing pure gold as medals would be skyrocketing. Who would bear this cost. And can it even be afforded by the organizers?

The issue here is cost reduction.

A symbolic gold medal to me is enough.

Maybe athletes can be compensated or rewarded by the country's they represented and won medals for.

To reduce the cost burden on the organizers!

That's not even the case. Medalist are rewarded with more cash currently than then.

And I myself would prefer a 1% gold medal and a cash reward of $50k than a 100% medal with zero cash reward. Reason being that I cannot sell the medal cos it's a trophy that my descendants would inherit. But I certainly can enjoy the cash.

By the way, when is the next Moscow Olympics?🧐🧐🧐

Make una nor complain, gold nor many for the world again.


All these billionaires don use almost all the gold do furniture/roof their mansions.

DevilsEqual:

According to Blaise Pascal "It is not only old and early impressions that deceive us; the charms of novelty have the same power too.”

So either u believe the old medal and the new one is more creative, Pascal already said you both are wrong

The world wanna move from Greek-Only to a Global competition, I guess.

Creativity does not reduce Quality .

You can be Creative and at the same time do it with Quality , Durability and Good Values .

They is a prize for winning any medal, the prize for winning gold medal in the just concluded olympics is $100,000, so why should the medal be pure gold when such money is given to the gold winner?

Now you can see that we are not physically fit. This no be goverment. We are not physically fit.
.

Among men we are not men.

arantess:

IOC and organizers have enough money to flex.
there's even plenty more to build missiles and wage wars..

its just intentional

its intentional, yes, but 100k dollars is given for the impure gold medal if u re a winner

A stark example of yesterday been better than today.

brain54:


Doesn't mean they have a limitless budget...

What other reason do you have to explain the reason from the change to 1% gold?

It's cost!

@NoahHadNoArk has said it all.
Your argument though valid but not substantiated enough (no offence). This is once every 4 years!

Why is the man on the old medal not wearing boxers and the two women braless. 100% gold is better than 1% gold sha

victory36:
This is more of greed on the IOCs part. Each medal weighs 412g on average, a 412g medal of pure gold should cost around $30k multiplied by the approximately 1500 medals gives $45m . Considering the IOC makes $5.7bn and $740m in sponsorship alone, that figure is not some thing to fret about as it's the Olympics we're talking about not some highschool interhouse sport.

If Nigeria hosts this tournament, I am sure the government will spend billions of dollars on the tournament, and the organizer will declare loss at the end of the day.

Lexusgs430:
Do you know the current cost of real gold......... 😁

Do you know that the IOC budget for the 2024 Olympics was $10b?

brain54:


Doesn't mean they have a limitless budget...

What other reason do you have to explain the reason from the change to 1% gold?

It's cost!

Daddy why not make use of the Google

Imagine winning 10 Olympic golds and everything is pure gold and you display them in your house. Then you will start worrying about security again.

Also the temptation of selling them.

If 100k dollars will be given to the winners.
Then 1% gold is better than 100% gold.

My opinion tho

brain54:


Okay greed is also a tenable reason...

But also remember that asides "printing" those gold bars. They are also other logistic costs to be taken care of. Also won't it mean them having to issue real silver and bronze medals as well?

All of these will add to costs. Including other logistics as I mentioned earlier.

Plus I won't expect them to expend everything they made on a single Olympics... Still 4 years to plan, execute and organize another Olympics ahead.

We really don't know how much money they make and how much they budget so we can only speculate figures.

But the truth is however we look at it... It will still all boil down to cost reduction.

And by the way the last Olympics at Tokyo had 11000 participants... While the just ended one in Paris had about 10,500 participants.

I don't know how many of them won medals though... But imagine the logistic cost of taking care of 11000 people!

....99% of funds the organizers of the Olympics get to execute this Olympic events are gotten from the private sector..partners and companies sponsor and support the Olympics events and media and TV rights

brain54:


Okay greed is also a tenable reason...

But also remember that asides "printing" those gold bars. They are also other logistic costs to be taken care of. Also won't it mean them having to issue real silver and bronze medals as well?

All of these will add to costs. Including other logistics as I mentioned earlier.

Plus I won't expect them to expend everything they made on a single Olympics... Still 4 years to plan, execute and organize another Olympics ahead.

We really don't know how much money they make and how much they budget so we can only speculate figures.

But the truth is however we look at it... It will still all boil down to cost reduction.

And by the way the last Olympics at Tokyo had 11000 participants... While the just ended one in Paris had about 10,500 participants.

I don't know how many of them won medals though... But imagine the logistic cost of taking care of 11000 people!

You are just talking quite narrowly making untenable arguments defending the obvious avarice of the Olympic organizers.
Without the athlete and competetors who put themselves on the line to train and sacrifice and colorize the event, the Olympic has no place nor value. The Olympics is simply celebrating hardwork, competition bravery, skill, talents, culture, uniqueness and respect for every nation, which are all priceless human virtue and values.

Now trying to downplay the value ought to be attached to their medal for their various nationalistic and heroic performance is like trying to downplay the symbolic value of the Olympics itself. Everything goes together.
The arguments of cost should not even come in at all, because since we are talking about a worldwide competition, then money or logistics consideration and its limitations should lose its relevance, considering the experience of a global and timeless symbolism of Olympics is priceless! That's what makes it Olympics..the biggest human event in the world
The least that should be done is to make the medal price commensurate in value or quality to what an Olympics represent..... symbolic price is not enough for such event! Considering how much can be generated for such event....
Cost arguments is the most whack argument. Theres enough abundance in the universe to dignify, glamorize and decorate an event of such global magnitude.

.

This is the reason why we didn't perform well in the Olympics

brain54:
I want to think they were fewer people participating in the Olympics then...

So providing pure gold as medals wouldn't have cost so much.

On the other hand more participants in modern Olympics would require more logistics and the cost of providing pure gold as medals would be skyrocketing. Who would bear this cost. And can it even be afforded by the organizers?

The issue here is cost reduction.

A symbolic gold medal to me is enough.

Maybe athletes can be compensated or rewarded by the country's they represented and won medals for.

To reduce the cost burden on the organizers!

I'm so glad that I didn't have to scroll down too much to find a sensible comment.

OriOko88:

How oyinbos used their mythology and legends to influence the world is staggering.

Their believe that a certain messanger ran from a town called Marathon to Athens,in Greece to announce a victorious war against the Persian is just conspicuous. How can a man ran a whooping 40km non stop. Hmm

I Wonder why the same Europeans will not accept our own Yoruba legends and mythology. Interesting!

Even our own people do not accept it. But you package it the way they packaged their own, then they will start accepting it

What are were you guys expecting when the likes of Tinubu and APC are the one in charge of IOC?

DevilsEqual:

According to Blaise Pascal "It is not only old and early impressions that deceive us; the charms of novelty have the same power too.”

So either u believe the old medal or the new one is more creative, Pascal already said you both are wrong

The world wanna move from Greek-Only to a Global competition, I guess.

no matter how the world wants to move but the Olympics is a Greek competition and will always be remembered as such

1% Gold!?! , yeh!!!

It's symbolic of the level to which humanity has degraded. Humans have degraded in so many things. E.g Homosexuality.