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There is a lot of information about the Gold Bug 2 on this website at https://www.detectorprospector.com/magazine/steves-reviews/fisher-gold-bug-2-nugget-metal-detector/

Ken has you started. If you get frustrated with ground noises (hot rocks) or trash the iron disc setting will make the detector quieter but less sensitive. Even then the Gold Bug 2 is more sensitive than most detectors.

There is of course no setting just for gold. Even with the discrimination on you will dig plenty of lead and aluminum and some large steel items.

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