This masterful synthesis of rock and funk pioneered indie-dance and the re-mix dance craze of New Wave groups such as Primal Scream.
This song about greed originally debuted as the B-side to "What The World is Waiting For." It was flipped to the A-side for the single's second pressing due to public demand and was the biggest selling independent single of 1989 in the UK. It has charted in Britain on three separate occasions since, a 1992 re-issue peaked at #73, another re-issue in 1995 reached #25 and a 1999 re-mix again got to #25.
"Fools Gold" was built around a loop from James Brown's "Funky Drummer." It was guitarist John Squire who actually discovered the track. He recalled in Q magazine: "We were signing copies of our single, 'She Bangs The Drums,' in a Manchester record shop called Eastern Bloc. The owner said we could pick a couple of albums as a thank you and I picked out a breakbeats album because I liked the cover and I wanted to see what it was all about. That's where I heard the 'Funky Drummer' loop that we built 'Fools Gold' around."
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