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Is fools gold worth money

Updated: 9/22/2023
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9y ago

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It depends. Pyrite (or "fool's gold) is a mineral that can contain 0.25 percent or more of gold. If a pyrite sample contains this amount, and assuming the price of gold is $1500 per troy ounce, then one ton of pyrite would be worth a little over $100,000.

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9y ago
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