Olympic closure

So, we probably don’t want the Olympics to end. After posting a record 14 Gold Medals (that's right... fourteen), I believe that we, Canada, won the Olympics.
I mean, I’m probably biased... but just think, when the total medal table comes up, the U.S. appears right on top. Voila:

Country Gold Silver Bronze Total
United States 9 15 13 37
Germany 10 13 7 30
Canada 14 7 5 26
Norway 9 8 6 23

And I suppose that is fair, considering they won 37 medals, more than any other nation. But how many gold medals did they win? Pfft... only nine. That is a number so small that I, as a journalist, am obligated to write out.
Bronze is great... the podium certainly means something, especially to the individual athlete. But to the country, what would it mean if Canada won a silver medal in Men’s Hockey rather than a gold? I’m sure it would taste like dirt. Let’s be serious... a gold is way more important than a silver.
The rapper Nelly puts it this way in his song, “#1”: “I am number one... cuz two is not a winner, and three nobody remembers.” Despite using a rap song central to professing my argument, his point is absolutely true, is it not?
Here’s what I am proposing... now, to appear beside the total heading of the medal count be this simple formula: Number of gold medals (X 5) + number of silver medals (X 2) + number of bronze medals = total, which we’ll call “The Weighted Total”.
Here is the medal table again, this time using the new formula I have pondered aloud:
Country Gold Silver Bronze Weighted Total
Canada 70 14 5 99
United States 45 32 13 90
Germany 50 26 7 83
Norway 45 16 6 67

I don’t know, maybe I’m just patriotic... but this seems a little more in proportion.
And maybe the Olympics aren’t supposed to be about who won, but then why doesn’t the International Olympic Committee hand out participation ribbons?
My concluding argument provides some more food for thought, isn’t gold supposed to weigh more than silver?