Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Bits of Australia’s Gold history

IMG Auteur
 
 
From the Archives : Originally published February 14th, 2010
413 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating  
0
Send
0
comment
Our Newsletter...

 

 

 

 

Although gold had been rumoured to have been found in Australia as early as 1814, the first gold fields did not appear until thirty years later. Gold discoveries were not considered blessings in the pre 1850’s Australian convict society as the authorities believed gold fever could potentially cause anarchy in the small fledgling British colonies.


How things have changed since those days.  The gold rushes in the second half of the 19th century would completely change the face of Australia. Before 1851, Australia’s combined white population was approximately 77,000. Most of those had been convicts sent by ship over the previous seventy years.

The gold rush completely changed that however. In the two years that followed Edward Hargraves’ discovery at Bathurst, Australia’s population increased to over 540,000. 370,000 immigrants arrived in Australia’s ports during the year 1852 alone.  That is right, gold is the very reason Australia grew as a nation.


The flow of convicts to Australia’s shores stopped. It suddenly seemed like a foolish idea (and indeed no longer a punishment) to give a free boat ride to Australia’s rich gold fields to anyone who had committed a crime in the UK.


The incredible wealth that poured out of Victoria was unthinkable. When the ships returned to England carrying eight tonnes of Australia gold, the London Times declared in 1852: “…this is California all over again, but, it would appear, California on a larger scale…” 


Incredibly, Victoria alone produced more than a third of the world’s gold produced in the 1850's. By 1871 the population of Australia had increased from 540,000 to a whopping 1.7 million.


Victoria was not the only State in Australia to see massive gold interest.  Gold was initially reported to have been discovered in Western Australia at Fly Flat near Coolgardie in 1892 by Arthur Bailey and William Ford.  Bailey reported that he had mined 554 oz of gold on that day and received a “reward claim” of 20 acres of mining lease. 


The Kalgoorlie gold rush began in June 1893 with the discovery of rich alluvial gold deposits near Mount Charlotte. This distracted prospectors away from Coolgardie in a similar fashion to other discoveries in the Eastern States a few decades earlier. 


From an historical perspective, the Coolgardie gold find proved to be one of immense national significance. During the 1890’s, Eastern Australia experienced a severe depression and people flocked to the areas of Coolgardie in the hope of a better life.

,

 

Neil Charnock

Editor, Goldoz.com.au

 

 

 

 

 

 

Companies Mentionned : Gold Fields | Gold Fields |
Data and Statistics for these countries : Australia | Hong Kong | Singapore | All
Gold and Silver Prices for these countries : Australia | Hong Kong | Singapore | All
<< Previous article
Rate : Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Is the gold price manipulated?
28 Julkeith95
... if one takes the dumping of an usually high tonnage of gold at an illiquid time in the gold market aka the Monday one week ago - then such 'b...
Gold Reserves and GDP: China is ...
20:32William Tan
Shakespeare was right; "The world is a stage." Unfortunately we have all the bad actors acting at once.
Iran Agreement Boosts Peace, Def...
28 Julsonora69
You have a point. The 2003 Iraq invasion is mostly now considered an ill-advised and unjustified destabilization, with regional & political consequ...
Why we should abandon the State
28 Julovertheedge
What a gigantic pile of horse excrement. Cherry pick everything that has gone wrong. Completely discount the hard fact that the author and ...
Iran Agreement Boosts Peace, Def...
26 Julkeith95
How about the US invading Afghanistan in 2001, Iraq in 2003 ... leading to the current unrest in the middle east while supporting the 'Saudi's' ......
Take Possession of IRA Metals We...
24 Julericgolub
Internal Revenue Code 4975 language suggests that whether the gold is held directly by the IRA or by an IRA LLC (which is nonetheless still subject...
Gold Miners Nearing Rebound
24 Julsonora69
Silver has already made a 50 cent down and up round trip as of 3:30. This is happening on a Friday, with the stock markets failing to make an advan...
Why Pensions Are A (Big) Black Swan
25 JulS W.1
No (pensions) are not a black swan, which is totally random unforeseen event.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Mawson Res.(Au-Ur)MAW.TO
Restarts Drilling at the Palokas Gold Prospect in Finland
CA$ 0.16-5.88%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
Achieves Record Quarterly Gold Production; Updates 2015 Cost Guidance
CA$ 16.48-1.26%Trend Power :
Production
Claude Resources(Au-Cu-Ngas)CRJ.TO
Provides Date for Q2 Results and Conference Call
CA$ 0.63+5.00%Trend Power :
Corporate news
Richmond Min.(Ur-Au-Gems)RMD.V
- Exploration Update
CA$ 0.09+0.00%Trend Power :
Corporate news
Arianne Phosphate(Ur-Mo-Ti)DAN.V
Extends the Term of Warrants
CA$ 0.85+1.19%Trend Power :
Financings
Anaconda Min.(Au)ANX.TO
Reports 12.83 g/t Gold Over 4.38 Metres and 8.55 g/t Gold Over 4.97 Metres from Channel Sampl
CA$ 0.04-20.00%Trend Power :
Corporate news
Capstone Mining(Ag-Au-Cu)CS.TO
Second Quarter 2015 Financial Results
CA$ 0.91-4.21%Trend Power :
Financials
Taseko(Au-Cu-Mo)TKO.TO
and Soda Creek Indian Band Sign Participation and Cooperation Agreement
CA$ 0.63-5.97%Trend Power :
Corporate news
Tinka Resources(Ag)TK.V
commences 10,000 metre drill program at Ayawilca zinc project, announces new IP results & tar
CA$ 0.18+2.94%Trend Power :
Corporate news
Sandstorm Gold(Cu-Mo-Au)SSL.V
Files Early Warning Report
CA$ 3.15-1.56%Trend Power :
Corporate news
Comments closed