What percentage of an Olympic gold medal is made of gold?

Study for the Wits and Wagers Test. Utilize flashcards, multiple choice questions, and detailed explanations. Get ready to ace your exam!

The correct answer indicates that the percentage of pure gold in an Olympic gold medal is approximately 1.34%. It's important to note that Olympic gold medals are primarily composed of silver, with only a thin layer of gold plated on the outside. The actual gold content is minimal compared to the overall weight of the medal, which is why 1.34% is the correct estimate.

The gold medal's primary value comes from its symbolism and the prestige associated with winning the Olympics rather than its material worth. In reality, Olympic gold medals contain 6 grams of pure gold, while the remainder is made up of silver, which is why options suggesting higher percentages, such as 10% or 5%, are not suitable. This reinforces the unique nature of Olympic medals and their interpretation in terms of value and composition.

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