Fool's gold at the Olympics

The dollar isn't the only thing that's been debased in today's global farce of an economy.

There is only 1.34% gold content in 2012 Olympic gold medals.  That's six grams of gold, less than 1/5 of a troy ounce.

The U.S. is expected to win around 38 gold medals.  That means you can go to your local coin shop tomorrow, pick up eight gold coins for about $13,000, and you'll have more gold than the entire U.S. Olympic team.  That's less than the price of a low-end new car.  England spent billions on hosting the Olympics, and they can't even honor the winners with real gold?

For that matter, if you don't already have more gold than the U.S. Olympic team, you're way behind schedule.  What the heck have you been doing all these years you've been reading W.C. Varones?

Do you have your share?

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Happy Super Tuesday!