Man finds 12-pound gold nugget, worth $300,000

January 18, 2013 12:00:00 AM PST
An amateur prospector unearthed a gold nugget weighing 12-pounds (5.5-kilogram) just outside the town of Ballarat, Australia, on Wednesday.

With the price of gold skyrocketing to over $1,680 an ounce, the nugget could sell for more than $300,000. He made the discovery using a $6,000 metal detector, a wise investment, if you ask us.

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