All that glitters is not gold

Posted by Jee-an on March 13, 2003

Hi everyone, I am a foreigner to english.

I have just seen the meaning of 'All that glitters is not gold' which is 'a showy article may not nessarily be valuable.' To me that means some showy articles are valuable. So in other words, some objetcs that glitter are gold.

Now my question is if my understanding of that is acceptable, then what is the difference, if there is, between 'All that glitters is not gold', and 'Not all that glitters is gold'?

Thank you.