How much does it cost to make the Olympic medals and who pays for them?
What is the manufacturing cost for the gold, silver, and bronze medals and who pays for them?
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The following exerpt from this article addresses the cost of the Gold medals (but not the bronze or silver), and implies that the host country bears the cost.
“Each Beijing Olympics gold medal weighs about 150 grams. The medal contains mostly silver, according to the Beijing Organizing Committee for the Games of the XXIX Olympiad…
The International Olympic Committee requires the gold medal to contain a minimum of six grams of gold. Huang Ping, vice president of Shanghai-based China Banknote Printing and Minting Corp., the producer of the medals, said in an interview with China Business News that the amount of gold in each medal was strictly controlled at 6.0 to 6.1 grams.
Despite an effort to reduce costs, record-high metals prices have meant that producing 6,000 gold, silver and bronze metals for the 2008 Olympics and the Paralympics is costing China millions of dollars.”
As if the Chinese didn’t just substitute lead….
Ooops, sorry, how rude of me.
I wonder if they all say “made in china” on the back…
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