The Gold, silver and Bronze medals are used to represent 1st, 2nd and 3rd place in a competition or race.

-Gold, represents 1st place because it is one of the most valubal things there are to man kind meaning the person wearing it is valubal for his/her abilities to win.

-Silver, represents 2nd place because it is not as valubal as gold is, but is still very special, meaning the person wearing it is not as good as the one wearing gold, but is still special for his/her abilities to come 2nd in a race or competition.

-Bronze, represents 3rd place because it isnt as valubal as gold, or as special as silver, but it is not the worst thing to man kind either, meaning the person wearing it has come 3rd.