metal detectors would not be the favored equipment for those depths. Ground Penetrating Radar (GPR) is what you need.
Ground penetrating radar, at best, can go about 30-feet in sandy soils - and that's at low frequency, which of course also reduces resolution.
In highly cooperative soils, a GPR could get you down to 10-20 feet with enough usable resolution to detect something the size of a 400 troy ounce gold bar.
Of course, that's not without the very real possibility of some false positives. (Hope you like shovels!)
In clay soils, the distance can be significantly less, maybe even only a few feet.
The only way I know of to get down 50-feet, is to remove the first 45-feet or so of earth, and then use a metal detector.
That said, "Gold bars buried 50-feet" smacks of an archetypal paradigm because:
50-feet is such a nice, even number.
Bars are a nice, even shape.
Gold is a universally recognized valuable substance.
"Buried" implies "hidden, lost or otherwise available with effort", and yet we recognize that gold bars are far more likely to be located in a bank vault, or other secure location.
In short, a fairy tale.