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Post Info TOPIC: What Olympic GOLD Medals are worth around the World


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What Olympic GOLD Medals are worth around the World
 
 


  • Singapore   - $800,000 (£515,000)
  • Kazakhstan - $250,000 (£160,000)
  • Kyrgyzstan  - $200,000 (£130,000)
  • Uzbekistan  - $150,000 (£95,000)
  • Russia         - $135,000 (£90,000)
  • Tajikistan    - $63,000 (£40,000)
  • US              - $25,000 (£16,000)
  • Australia      - $20,000 (£13,000) plus face on a stamp
  • UK              - No money - but their face on a stamp


-- Edited by Hunter on Friday 3rd of August 2012 03:55:11 AM

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Now I completely understand the dire performance of the British everytime the Olympics roll around. It's their lack of incentive!

For all their Olympic effort, they don't get paid for it. I wonder for what reason the British are only awarded postal stamp recognition and nothing else.

As for the rest - It makes the Olympics a great investment if your are playing for Singapore as well as the Russians, LOL.



-- Edited by Hunter on Friday 3rd of August 2012 04:19:36 AM

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Hang on, do you mean if the athletes sell off their medals or are these payouts to every medal recipient per country?

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Good Question, LOL.

No - It is how much the Gold Medal Winners of listed Countries get paid by their Government for winning a Gold Medal at the Olympics.  As far as I am aware - Singapore has always paid their Gold Medal Winners the most out of any other Country in the World.



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Oh man, I had a feeling most athletes were paid an incentive for GOLD, but never knew for certain lol. Thanks for the breakdown, I think the US could do better but because it wins so much GOLD - any more would run its economy DRY, and it's half way there already lol.

The UK makes me sick. Aren't they one of the earliest Olympic participants? what a pity. If I was British I would try and change nationality before entering the Olympics lol.



-- Edited by Fanau Niu Sila on Friday 3rd of August 2012 04:23:53 AM

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I'm really interested as to what guiding principles the British are operating under so as not to pay their Athletes for the Gold Medals they win.

Maybe the money that could have gone to their Olympic Athletes are allocated to Charities instead, LOL.



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I mean seriously, you're training for years and you get your bloody photo on a twenty cent stamp after winning GOLD? you have to wonder how those English minds work lol.

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They are far too charitable in my mind.  Show me the money please or else I will retire to a Tropical Island instead of breaking sweat over a medal, LOL.



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I would never compete for my face on postage stamps lol. I would rather cash in my British citizenship for something more worthwhile, Singapore sounds good hehe.

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Me too!



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Samoa - WST100,000 (£27,000)

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terry wrote:

Samoa - WST100,000 (£27,000)


 It's more than what U.S and Australia offer their Olympics Athletes - Awesome!

In saying the above; the reason I believe for the U.S & Australia offer for Olympic Gold Medals is that the majority of their Athetes are paid regular salaries right throughout the Season.  The Olympics is a 'Bonus'.



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The US Gold Medal Recipients are also snapped up for corporate sponsorship deals and PR programmes on their return. They can rake up millions more if they know how to play their cards properly when they get home.

They're also used as pawns when it comes to elections for judges and politicians for example. An endorsement from a hot shot American Olympian can still move mountains.

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Yep - Very good points FNS.  Add to that also the fact that the majority of U.S and Australian Olympic Athletes are Professionals and not Amateurs.  Examples include Swimmers; Tennis Players and Basketballers.  It's not as if they have other Jobs in addition to training/playing - their Sport is their Job fulltime.



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I saw a news report today claiming that the US gold medal payout was actually taxed, as are a number of other country payouts lol. This changes everything.

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Hunter wrote:

Yep - Very good points FNS.  Add to that also the fact that the majority of U.S and Australian Olympic Athletes are Professionals and not Amateurs.  Examples include Swimmers; Tennis Players and Basketballers.  It's not as if they have other Jobs in addition to training/playing - their Sport is their Job fulltime.


Exactly!!

Once again, it brings out the classic OLYMPIC EQUALITY debate. Americans win more GOLD than any other country because they enter more professional athletes who have had years to build up their performances on a full-time training cycle.

Olympians from the developing world have no such luxury to fall back on, many training over night while balancing employment or study during the day.

This is why when Olympians from developing countries win medals I'm usually more encouraged by the victory. It means a whole lot more behind the scenes. 



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Fanau Niu Sila wrote:



They're also used as pawns when it comes to elections for judges and politicians for example. An endorsement from a hot shot American Olympian can still move mountains.


Not really.



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LOL,

I would have to agree with Daywalker on the above point.

Maybe Mohammed Ali in His heyday would have been a sure force on the U.S Presidential campaign trail; however in this day and age; it mostly lies with the Hollywood Elite.



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Hunter wrote:

Yep - Very good points FNS.  Add to that also the fact that the majority of U.S and Australian Olympic Athletes are Professionals and not Amateurs.  Examples include Swimmers; Tennis Players and Basketballers.  It's not as if they have other Jobs in addition to training/playing - their Sport is their Job fulltime.


 I think most US olympians have regular - but accommodating - jobs. Only the absolute elites (very few) get the megasponsorship deals.



-- Edited by Daywalker on Saturday 4th of August 2012 09:24:22 PM

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thier college programmes are also second to none..

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Daywalker wrote:
 I think most US olympians have regular - but accommodating - jobs. Only the absolute elites (very few) get the megasponsorship deals.

 

Yep - right on.

The Sporting Fulltimers would lie with the likes of Tennis Players, Boxers and Basketballers.

Mega Sponsorship Deals would be handed to the likes of Michael Phelps and the Top Guns produced from Track and Field.

The rest will have 'accommodating' Jobs in addition to their Sport.



-- Edited by Hunter on Saturday 4th of August 2012 09:32:51 PM

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just read that Phelps coach has a PhD in hydrodynamics..which includes the science of moving solid objects through water..how the fark are we going to compete with that?

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terry wrote:

thier college programmes are also second to none..


Swimming in Australia is a Fulltime Job.  Eight hours per day - 5 to 7 days a week spent swimming.  That is what Aussie Swimmers do.

In the U.S - it's a side dish to College so you will find a lot of U.S Swimmers are Medical and Law Students.



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terry wrote:

just read that Phelps coach has a PhD in hydrodynamics..which includes the science of moving solid objects through water..how the fark are we going to compete with that?


Exactly.

U.S Swimmers are generally Academics.



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terry wrote:

thier college programmes are also second to none..


And also some top highschool and private youth programs. If a kid has talent here ...they have opportunity - and incentive -  to take it further.

 

Something to keep in mind is the US is also like the 3rd most populous nation.

 

Plus we got some good genes of various euro and, west and central african ancestries.

 



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