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The best gold detector out there????????:

And what sort of budget do you have and how serious are you about hunting for gold.
If money was no object, you buy a Minelab gold detector that are made just for hunting gold.

If it's a hobby thing and you would like to do some coinshooting and relic hunting a Tesoro Lob ST will do the job.

I had a White's MXT and would only find a 1/8" gold nugget air testing about 3"
Some vintage Fisher 550d and Garrett Groundhog VLF/TR detectors with a small coil I had would air test in VLF about 4-5"
Most detectors I have owned over the years would only pick up (air testing) the 1/8" gold in all metal
no more than 3-5"

Throw in mineralized ground and you may not even pick up the nugget more than 1" deep.

I also had the Garrett Gold Scorpion and Fisher Gold Bug II, not impressed, sold the Garrett soon after I got it.
The Gold Bug I put in about 30 hours at various beaches hunting for man-made micro gold. Didn't find any, just piles
of aluminum foil and man will it locate the tiniest pcs. of foil I ever saw.

Check out these links:
Nugget Hunting

MORE LINKS

Good luck with your quest for a gold detector.
 
For the hobbyist it would probably be the Compadre due to the fact that you can lower the disc to below iron or match the ground minerals to allow you to find the tiny gold or gold chains.
 
There is no "best" gold detector. It depends on the gold size you want to hunt for, area, soil mineralization and other factors. In a VLF detector a dedicated nugget detector is best. ( Lobo ST, GMT, MXT, Gold Bug, Eureka , Scorpion) To hear the faint whispers on sub grain size gold you need a detector with a threshold based all metal mode. .For a pulse induction detector there are the Minelab SD&GP series, Whites TDI and the Garrett Infinium, Ml is the most popular. In general a VLF is more sensitive to small gold and a PI will go deeper in magnetite infested ground on larger gold.
 
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