Why Finding a 50kg Gold Nugget Could Ruin Your Life

Every prospector has the daydream. So let me start by making it specific. At the time of writing, gold is sitting at around $5,000 AUD per troy ounce. A 50-kilogram nugget — one like the Welcome Stranger, the largest ever found — contains roughly 1,600 troy ounces of gold. Do the maths: you're looking at $8 million dollars sitting in a hole you just made with a hand pick.