Here's what to know about the Olympic medals before the 2024 Paris Olympics.
Hundreds of gold medals will be awarded during the Paris Olympics and Paralympics to the highest-performing athletes in the world in their respective sports.
"It turns out that gold medal is pretty much a silver medal with a gold plating on top," Pandey said."It's not common knowledge, but there's only six grams of gold in a gold medal that weighs about 500 grams or about a pound. It's not a solid gold piece. The gold medals are about 92.5% silver." "It would eventually, of course, change, and first place would get the gold, second would get silver, and third would get bronze, as we know it today. So now, just think about it. The price of gold has been teetering on record highs these days. They are over $2400 for an ounce of gold, which is about 28 or so grams. So now if the Olympic Committee were to make all gold medals in pure gold, each medal would cost about $40,000.
"Even more perspective here. Take the world population of about eight billion people. Then take Hamilton County, Texas, a population of 16,500 people, and they are wearing a blue hat and a blue shirt. The chances of you finding one of them are pretty low. That's the same type of challenge we face when mining certain minerals," Pandey said.
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