Matthew Russell, fixed income team M & G Investments has enjoyed calculate how many gold medals each Italian should win to pay off our national debt, which now totals 1.9 trillion euros. Matthew has estimated the cost of the Olympic Games in 9 billion pounds, considered the national debt of the United States (15.8 trillion), and the quantitative easing: 375 billion pounds. Enormous sums of money. At this point he decided to contextualize these figures by taking the debt of each of the countries of peripheral and calculating how many gold medals in each of these countries should win to repay its debt. Of the approximately 412 grams of a gold medal in London in 2012, about 6 grams are gold, 381 silver and the remaining 25 grams are copper. Consider the current market price of around $ 700 the table below shows how many gold medals each country should take home to bring its budget out of the red:
Gold medals necessary
Portugal
273,728,118
Ireland
220,449,211
Italy
3445899490
Greece
627,153,707
Spain
1295304783
This means that every citizen of these nations should win many gold medals as many listed in the table below:
Gold medals per capita necessary
Portugal
26th
Ireland
48th
Italy
57th
Greece
56th
Spain
28th
The fact that only 302 of the total competitions that award a gold medal this makes depressing reading for European citizens, especially if we think of each country where is located the medal. Perhaps it may make you feel better to know that each American citizen should win 73 gold medals to settle the debt of the United States.
