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TeachMeFinance.com - explain Gold brick historic definition... Gold brick -- A colloquial term or synonym for swindle. The term is derived from the fraudulent operation in which a brick or bar of base metal covered with gold is sold as a brick or bar that is all gold. The expression "buying a gold brick" means buying something at a supposedly low price which as a fact is worthless. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.