Australian gold rushes 5000 ounces (57 kg). In January 1851, before Hargraves' find of gold in February 1851 at Ophir near Orange in New South Wales which started the first Australian gold rush, George Hermann Bruhn had left Melbourne to explore the mineral resources of the countryside of Victoria. On his trek Bruhn found, on a date unknown, indications of gold in quartz about 2 miles (3 km) from Edward Stone Parker's station at Franklinford (between Castlemaine and Daylesford). After leaving Parker's station Bruhn arrived at Donald Cameron's station at Clunes in April 1851. Cameron showed Bruhn samples of the gold that had
California Gold Rush even prefabricated houses arrived from China. The return of large amounts of California gold to pay for these goods raised prices and stimulated investment and the creation of jobs around the world. Australian prospector Edward Hargraves, noting similarities between the geography of California and his home country, returned to Australia to discover gold and spark the Australian gold rushes. Preceding the Gold Rush, the United States was on a bi-metallic standard, but the sudden increase in physical gold supply increased the relative value of physical silver and drove silver money from circulation. The increase in gold supply also created a