Gold Medal has little gold metal
Gold medal from 2006
Now that we are knee deep in Olympics coverage and gold is trading at or near all-time highs, I’m sure you’ve had that moment where you thought to yourself, “hey, are those REAL gold medals?!” Not exactly, although the medals were made out of the metals that you would have assumed back in 1912.1
Nowadays, that gold medal is mostly silver. The silver medal? Also mostly silver. Bronze? Yeah, those are bronze.
From About.com:
“The Olympic medals are designed especially for each individual Olympic Games by the host city’s organizing committee. Each medal must be at least three millimeters thick and 60 millimeters in diameter. Also, the gold and silver Olympic medals must be made out of 92.5 percent silver, with the gold medal covered in six grams of gold.”2
Now when you watch Shaun White or Lindsey Vonn atop a podium, you can safely tell people that the medals around their necks are worth much less than the sponsorship deals in the near futures.
(image above taken from: http://www.msnbc.msn.com/id/10740157/)
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