- Joined
- Jun 16, 2023
- Messages
- 123
- Reaction score
- 11
- Points
- 18
- School name
- Universal
The Olympic gold medals are not entirely composed of gold; they consist of a minimum of 95% silver with a minimum of 6 grams of gold incorporated. Gold is considerably more costly than silver. However, thanks to this clever blend of metals, a gold medal is valued at approximately $550, while a silver medal is valued at around $300.
Considering that gold is roughly 100 times more expensive than silver, a medal made entirely of gold would be priced at $30,000! Consequently, only a sufficient amount of gold is added to achieve the distinct golden hue of the medal.
In contrast, a bronze medal, which is crafted from inexpensive copper and zinc, is only worth $2.
Chemical composition of Olympic medals. Credit to Visualcapitalist
Considering that gold is roughly 100 times more expensive than silver, a medal made entirely of gold would be priced at $30,000! Consequently, only a sufficient amount of gold is added to achieve the distinct golden hue of the medal.
In contrast, a bronze medal, which is crafted from inexpensive copper and zinc, is only worth $2.
Chemical composition of Olympic medals. Credit to Visualcapitalist