A Magic Satchel

I noticed that this gnome has a black satchel. I wonder what he carries in this satchel. There are so many possibilities that could be that mysterious bag. There could be magical dust from his pixie friends that flutter around dreams of small children. He could be carrying tools crafted by the profoundly skilled hands of the trolls lurking in the highest peaks of the mountain tops. Maybe he's got the most precious gems found in the deepest of all the mines, they shine in a miraculous way when exposed to sunlight. Could he be carrying magic seeds that grow healing plants that will settle an upset stomach or heal a broken bone? Perhaps all he is really carrying is the memories of places and people come and gone? I suppose his bag will forever remain a bag of secrets to human eyes.