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 of the recent discovery and was paid of handsomely when he struck gold.

The Australian gold rush at this stage was gaining momentum as gold buyers and gold sellers from everywhere started pouring into Australia to try their hand at getting in the golden commerce of the precious metal trade. In August 9 of the same year gold was again discovered in Ballarat. This finding in Ballarat is the starting point of the Ballarat Gold rush.

The Ballarat gold rush lasted for almost a decade and it is also the site where the worlds biggest golden nugget was discovered and aptly named the ‘Welcome Stranger’ that was found merely 2 inches below the surface on the ‘first shovel scoop’ the gold found in Bendigo soon after around Bendigo Creek at Golden Square by two women from Ravenswood Run, Margaret Kennedy and Julia Farrell only fueled the rush further.

From that point onwards a few other ‘major findings’ led to the influx of foreigners into Australia and it was not a convicts land anymore. It transformed into a land of opportunity, as more gold was found and refined, local businesses and industry boomed as the ‘mother land’ of England began to buy gold bullion in Melbourne in exchange for premium goods and services from throughout the empire. The wealth of the people and the government grew rapidly, as more and more gold was found throughout the late seventeenth century including the gold find in Cape River goldfield in North Queensland by Richard Daintree followed by in 1867 when James Nash stumbles upon gold in Gympie, Queensland.

Five years later in 1872 workers of the Australian Overland Telegraph Line discovered gold while they were boring holes into the ground to place the telegraph poles. The final and quite significant discovery of gold that transferred the attention from Ballarat to Queensland instead was when gold was found in Charters Towers.

The gold here however was controlled by the British Empire that used the gold for converting them into Gold Bullion and Gold Bars that were used to enrich the empire.