Fool's Gold
What Does Fool's Gold Mean?
A gold-colored mineral that is often mistaken for real gold. Also known as Iron Pyrite.
Investopedia explains Fool's Gold
During historical periods of gold rushes, many less-than-knowledgeable miners would frequently believe that they hit the motherload upon finding a huge cache of fool's gold. Unfortunately, unlike the real stuff, fool's gold is relatively worthless.
Related Links
- Online Investment Scams Tutorial - To bamboozle someone out of their money is an age-old ruse. Learn about some of the gimmicks modern-day swindlers use and avoid becoming a statistic.
- The Gold Standard Revisited - Think the value of gold is unshakable? Read this chronicle of its rise and fall.
- What Is Wrong With Gold? - Despite its historic and symbolic appeal, this metal is simply a commodity. Here we explore its meaning as an investment.