Victorian gold rush in the Melbourne "Argus" on 8 September 1851, leading to a rush to the Mount Alexander or Forest Creek diggings, centred on present-day Castlemaine, claimed as the richest shallow alluvial goldfield in the world. These discoveries were soon surpassed by Ballarat and Bendigo. Further discoveries including Beechworth in 1852, Bright, Omeo, Chiltern (1858–59) and Walhalla followed. The population of Melbourne grew swiftly as the gold fever took hold. The total number of people in Victoria also rose. By 1851 it was 75,000 people. Ten years later this rose to over 500,000. Surface alluvial gold was the first to be exploited.
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