47 votes

Austerity at The Olympics: Each "Gold" Medal Contains 1.34% Gold

As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter - almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and... 1.34 percent gold, with IOC rules specifying that it must contain 550 grams of high-quality silver and a whopping 6 grams of gold. The resulting medallion is worth about $500. For the silver medal, the gold is replaced with more copper, for a $260 bill of materials. The bronze medal is 97 percent copper, 2.5 percent zinc and 0.5 percent tin. Valued at about $3, you might be able to trade one for a bag of chips in Olympic park if you skip the fish.

http://www.zerohedge.com/news/austerity-olympics-each-gold-m...

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Sad

Just sad...All the billions spent, and they couldn't provide real gold to the winners.

If I won

A false gold metal, I would be ticked.

I wonder if they use alluminum foil for the Silver Star. That fraud would be just like our government and a continuation of the lies that got us in wars in the first place.

what a fraud -how can they call them gold?

The British are well known for being skin flints

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007

hmm how much were gold medals when Rom ran the winter games?

would be interested to know how the best in the world get screwed

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007

It is not about the gold, right?

It is about being at the top of your game!

Gotta love facts..

What a joke it is to call them "gold medals". LMAO

BTW.. here is an other "joke":

They like to talk about this:

http://en.wikipedia.org/wiki/Olympic_Flame

But the facts are a bit sick:

http://en.wikipedia.org/wiki/Olympic_torch_relay

Still wonder who is in charge of the "world"?

www.youtube.com/truefictions

I try to change people every day. Do You?

Please consider...

Assisting in the effort to convert some of the RNC delegates to support RP. Details can be found in the linked thread.

http://www.dailypaul.com/246735/the-most-important-thing-we-...

Ron Paul convert from the Heart of Dixie

What a fuc#king disgrace...I personally boycott The Olympics

Screw Romulan and his god damn Olympics...The last time I watched the olympics was when John Carlos and Tommy Smith raised their fists in defiance...

They needed all

the gold medal money for their satanic opening ceremony

http://imgur.com/MKZg2

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift

isnt the olympics enough of a

isnt the olympics enough of a cash cow that they could afford to make 1oz medallions at $1600 a pop for gold, $40 a pop for silver, and peanuts for bronze?

maybe they should do away with some of the nonsensical "olympic sports" to par down the number of medals and they could do that

23

I wanna know where the gold is at

http://youtu.be/bZfyrIPw3wY

I couldn't resist. Give me da give me da give me da gold

lmfao

Technically, shouldn't the gold medal

Technically, shouldn't the "gold medal" actually be called the sterling silver medal?

per wiki:

"Sterling silver is an alloy of silver containing 92.5% by mass of silver and 7.5% by mass of other metals, usually copper."

Call it what you like.

Calling items by their well accepted names of bygone eras may be well intended. Sure to draw confusion.

The gold metal morphed into the silver metal.
The silver metal morphed into the copper metal.
The bronze metal morphed into the zinc metal.

The Olympic Committee metallurgy has dropped the value of their metal awards.

Similarly, the US Mint metallurgy has dropped the value of their coin.

Gold coin clipped into gold color (copper sandwich is it?).
Silver coin clipped into nickel color (copper sandwich).
Nickel coin 25% nickel, 75% copper (alloy worth about a 5¢).
Copper coin clipped into copper color (zinc washed w/ copper coat)

Coin worth in weight, see: http://www.CoInfalation.com/

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

the brass medal

"The bronze metal morphed into the zinc metal."

Very generally speaking, copper alloyed with mostly zinc is called brass (whereas copper alloyed with mostly tin is called bronze).

Historically, though, a whole lot of stuff has been called "bronze" so the term has no precise meaning.

Thank you. Indeed I wrestled w/ how to write w/ fewest words.

The various coins are part alloy, sandwich, & wash.

Quarter is sandwich. Nickel is alloy. Penny is zinc bathed in copper (leaving a thin copper coat).

Was perplexed about the gold colored dollars. I wrote nothing.

Wish for a simple monetary system that requires no help counting a man's wage. Knowing weight & purity of a metal would allow a man assess its value w/o government edict. Wish coin was not denominated by fiat.

Regards,

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Makes all that training worth it!!

Years of sacrifice and hard training...and if you somehow do well, you'd better sign a deal to get your smiling face on a Wheaties box or you'll be a lifeguard at the public pool til you're 65.

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

Swimming like a lifeguard will help you keep in good shape.

Smiling on a Wheaties cereal box won't.

Combining talent as a smiling lifeguard might work out OK.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul