About three months ago my GPP started to do the same thing. Once turned on, it would start falsing while I held it in the air and away from any object, metallic or otherwise. On the rare occasion it didn't false immediately after being turned on, as soon as I lowered it to the ground it would go off. It became increasingly worse to the point last week where it was completely unusable because it wouldn't stop beeping. I tried to troubleshoot by trying new and different brands of batteries but that had no effect. I also took it to about ten different locations to eliminate the possibility of EMI interference and / or ground mineralization. Again, no difference.
There were a few things I did notice about the device when it tended to false. First off, I noticed that when I was inside of my house it seemed to work ok. However, when I took it outside during my hunts it falsed like crazy. The hotter the outside temperature, the worse it was. Right now where I live it is hovering around the 100 degree mark, but anything over about 90 degrees would affect the amount of falsing. The other thing I noticed was that if I slightly shook the pinpointer, it too would affect how much it would false and the speed of the beeping.
I am by no means an electronics engineer, but I do have a basic knowledge of how electronics are made and work. Based on my observations, it appeared to me that the falsing problem was based on something other than a bad component, but instead it seemed like something was moving within the device and causing it to possibly short out. Again, it's just a theory based on how the pinpointer was acting. I ended up looking online and found a number of videos discussing this same problem. The focus of many of these videos was a flaw with the circuit board. There are three, very thin wires that are not fully insulated. These wires are looped on the circuit board and if they fall (or bend) and touch the board, it can cause a short that will result in the falsing. These videos show ways on how to remove the circuit board and then insulate the wires, which according to those who post the videos, resolves the falsing problem.
This very well could be the source of the falsing issue. The outside temperature heat could, in theory, cause the thin wires to become "less stiff" and slightly fall onto the circuit board, causing the short. Also, the falsing that occurred when the pinpointer is slightly shaken could be a result of these wires moving around and touching the circuit board.
Well I didn't want to pull apart my GPP in fear that I would void the warranty. I called Garrett and spoke with the representative who gave me a repair number and I sent it in. I have yet to receive it back, but if they give me an explanation as to what the problem was I will update my post.