This feature has been removed from the game.
The Gold Axe was one of the most illustrious tools for processing Wood in Lumber Tycoon 2. This axe has the highest hit damage to trees, and is capable of chopping down almost all trees in a single hit due to its 50 damage count. The only user that was permitted to use this axe was Defaultio for testing purposes. However, on June 11, 2017, the Gold Axe was removed from the game.
The axe's handle and steel head are made out of what is likely plastic, with some reflectance and the ROBLOX color "Gold". The box of the axe is brown and plastic, along with the "IT'S GOLD" decal.
Somewhere between October and November 2017, exploiters found a way to import the Gold Axe into the game. Soon after, Defaultio removed the Gold Axe completely to prevent this from continuing.