In my opinion, fools gold looks absolutely nothing like the real thing, which is probably how it got its name. The scientific name for fools gold is iron pyrite, which is an iron sulfide. Although its name is widespread today, the mineral’s uses are somewhat limited.
Centuries ago, fools gold was used as ignition in firearms, but that use has long been antiquated. In the early 20th century, iron pyrite was used in radio receivers, although the vacuum tube eventually overtook it. There is some hope for a pragmatic use of fools gold however; researchers are experimenting with the mineral to see if the cost efficient material can be utilized in photovoltaic solar panels.
In the 19th century, America’s obsession with Westward expansion was combined with the promise of gold in the California hills. Needless to say, this led many young entrepreneurs to strike out on their own, traveling across the continent to pan for gold in hopes of securing vast wealth. Some of these miners were disappointed to discover that their treasures were actually fool’s gold.
Iron pyrite proves the adage that “all that glistens is not gold.” But that’s not to say that fool’s gold isn’t desirable in its own right. As a decorative piece, iron pyrite has a way of drawing admiring eyes. It makes for an interesting conversation piece as well, especially if the owner can trick his guests into believing it’s a lump of pure gold.
