goldbrick shares

Definition

A derogatory term used to describe stocks that seem to have value but are, in fact, almost worthless. An unethical company may advertise its shares as being a good investment based on surface appearances by presenting only positive information about the stock. This term comes from the ironic tale that features a "city slicker" painting a brick gold and selling it to a "hayseed" as a gold ingot.
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gold stock goldbug