Austerity At The Olympics: Each "Gold" Medal Contains 1.34% Gold
By Steve Branson|July 29, 2012|11:56 am

Categories: Copper, Gold, Medal

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What Williams does have: two Olympic gold medals in doubles competition, which she won in 2000 and most recently in 2008 at the Beijing Games with her sister Venus.

However, just as equally well known is that quality beats quantity and that is where the current global austerity, coin clipping, devaluation fest begins.

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 bronze medal is 97 percent copper, 2.5 percent zinc and 0.5 percent tin.

She was on both the 2004 and 2008 Olympic gold medal winning teams and has been in the WNBA since she was drafted third overall in 2001.

She participated in the gold medal winning 2002 U 20 team, the 2003 U 21 team and the 2010 FIBA World Championship team.

Several years before that, Wells had sold his medal to cover medical expenses.

Heritage Auctions of Dallas identified the 2010 buyer as a rancher from the western USThe question remains – with the minimum 103 medals expected to be won by US athletes, will Bernanke be forced to reduce the size of NEW QE as ‘all that precious metal is horded and repatriated back to the USA’.

Steve Branson is a business journalist based in London, UK. Steve has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Steve spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.



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