How many gold medals should have won the Italians to repay the debt?

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.

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