Australian gold rushes been found on his station at Clunes in March 1850. Bruhn also explored the countryside and found quartz reefs in the vicinity. "This information he promulgated through the country in the course of his journey." One of the people to whom Bruhn communicated this information was James Esmond who was at that time engaged in erecting a building on James Hodgkinson's station "Woodstock" at Lexton about 16 miles (25 km) to the west of Clunes. This then indirectly led to the first gold rush in Victoria from Esmond's subsequent discovery of payable gold at Clunes in July 1851. Bruhn also
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