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Pyrite is a powerful protection stone that shields and protects against all forms of negative vibrations and/or energy, working on the physical, etheric, and emotional levels. It stimulates the intellect and enhances memory, helping to recall relevant information when needed.The raw pyrite, or iron pyrite, also known as fool's gold, is an iron sulfide with the chemical formula FeS?. Pyrite is the most abundant sulfide mineral. Pyrite's metallic luster and pale brass-yellow hue give it a superficial resemblance to gold, hence the well-known nickname of fool's gold.