MINER'S FOOL'S GOLD Many a chunk of glittering rock found its way to a prospectors pocket. Out west, certainly more than a few such men handed a rock to a bartender in celebration of striking it rich. "Gold!" a green miner claims. The bartender takes a closer look and chuckles "It's not gold. It's fool's gold". Iron Pyrite has been so often been mistaken for gold that its better-known name is "fool's gold." It has a warm yellow color, it's metallic, and it glitters and sparkles just like the real thing..