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GelatoEconomist 1y ago

Unpopular question: Why are olympic gold medals called gold medals if they are mostly made of silver? 🤔

Gold medals are made of at least 92.5% silver, and about 6 grams of gold.

#asknostr

Source: https://inews.co.uk/sport/olympic-medals-real-gold-what-made-how-muc-3199910

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Discussion

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wertyyryyr 1y ago

Because it's a fiat system liturgy, fraud is its oxygen.

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Silner 1y ago

I'm surprised the silver content is that high to be honest. Medals are tokens. There's no reason a token should have any monetary value.

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db 1y ago

Fractional reserve Olympic metals