Business Brief: A market for the metals in the medals

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Another way to take the measure of Olympic victory

Stronger. Faster. Higher. Shinier. Today, as many athletes pack their luggage with newly acquired Olympic hardware, we melt down these medals, these priceless representations of human accomplishment, passion, and perseverance – and coldly consider them as commodities against a fraught financial backdrop.

The expected sustainability of gold can partly be chalked up to rising geopolitical tensions and a tight U.S. presidential election.its appetite for gold had its limits after a prolonged spending spree, analysts expect the country’s central bank to bounce back in if the price lowers.there is “strong evidence” to suggest that holding gold as part of a diversified investment portfolio will make that portfolio more resilient in response to the effects of climate change.

But where gold is stored in banks, under beds or around Summer McIntosh’s neck, the vast majority of silver production ends up in landfills. That could prove a sticking point over time.Close to 90 per cent of bronze is copper. It’s the cheapest of the three materials under our microscope, but don’t mistake that for insignificance.

 

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