In Australia, local and global treasure hunters get gold fever as prices skyrocket

After Plumridge dug the nugget out of the shallow dirt with a plastic trowel, ‍a guide estimated it was around 0.2 of a gram of gold, worth about A$40 (US$26.58).

“But to me, it’s worth a million dollars,” said the 63-year-old, who had bought the detector only a few days before. “My heart is singing.”

Plumridge’s story is becoming more common, as hobbyists flock to Australia’s 9,600 sq km (3,706 square miles) “golden triangle” in the heart of Victoria state, known as one of the world’s most prospective regions for gold nuggets. Prospectors have been spurred on by record gold prices, social media, the success of the TV show Aussie Gold Hunters and a love for ⁠the outdoors, according to interviews with a dozen gold hunters.

Plumridge’s detector, Minelab’s Gold Monster 2000, which she bought for A$2,999, sold out across the country within weeks of its October 20 launch, according to Leanne Kamp, joint owner of Lucky Strike Gold, a prospecting shop in Geelong.

“It’s a great price point and we have seen a big jump in sales this year, partly because the gold price has got everyone’s interest,” Kamp, who has led prospecting tours since 2007, said.