Genesis of Gold in Australia

This Australia Kangaroo Gold Coin was shot on a black background and held with a white glove.
This Australia Kangaroo Gold Coin was shot on a black background and held with a white glove.

In January 1851, Edward Austin was trekking in Bathurst hunting fowl. He did manage to hunt a few but after the hunt on his way back to Sydney; Edward Austin found a gold nugget. He brought it to Sydney to get cash for gold that he had found. When he took it to a gold buyer, it was valued at thirty five pounds. That was only the tip of the iceberg as another gold discovery in Anderson’s creek was about to happen in the same year.

While fishing in Anderson’s creek which was in Warrandite, Victoria, Louise Michael discovered a gold nugget which was officially declared Australia’s first golden discovery which put Australia on the ‘Golden Atlas’ – Immediately Tomas Hiscock a self-proclaimed prospector decided to prospect for gold a few kilometers west …

China and Silver

Large gold nugget ring and 24.60 troy ounce silver bullion bar (poured ingot)
Large gold nugget ring and 24.60 troy ounce silver bullion bar (poured ingot)

One of the most interesting facts about silver stems from China. The world most populated nation has a strong bond towards silver in terms of commerce. The history of China and silver goes way back for thousands of years. According to historical facts between 1500 and 1800, Mexico and Peru produced almost 85 percent of the world’s silver which was what made these countries a viable trade option partner as the amount of precious metals produced by them were immense. At the same moment the trail of all the silver that was being produced by these two nations led to china.

Nearly all of all that silver was being directed towards China. This was sole due to 3 commodities that china had in vast amounts and were being traded for silver from the European communities. These …