California's Gold Rush Is A Historical Topic Many US Gold Bureau Fans Love

in Gold

Because it is one of the defining moments in the history of the United States, it should come as no surprise that many US Gold Bureau investors find the California Gold Rush to be a thrilling historical topic. This was a time of grand excitement in the Old West because it represented more than one shift. In January of 1848, the first bit of gold was discovered in California near the settlement known as San Francisco. As many United States Gold Bureau fans know, at this time Mexico had not yet ceded the territory of California to the US. That would happen just nine days after that initial discovery and actually be disappointing to the man who confirmed the discovery.

John Sutter, the man in question, had hoped that what his employee, James W. Marshall, had discovered would not be gold because he wanted to farm in California and feared gold would cause land prices to skyrocket. His fears certainly ended up being well founded.Next, everything began to shift as word of the discovery started to spread. Investors of US Gold Bureau may be aware that the Treaty of Guadalupe Hidalgo, signed by Mexico and the US, is what put an end to the Mexican-American War in 1848. The gold became a focal point of California's population quickly thanks to Samuel Brennan who published the story in his newspaper. Even back then, the media had the power to move people and as many U.S. Gold Bureau fans will know, people came pouring out of San Francisco to start prospecting for gold.

All sorts of issues cropped up due to the territory of California technically being public land and the fact that it did not even become a full fledged state until 1850. By August of 1848, word of the gold discovered out West reached the mass of the US population located on the East Coast. This, United States Gold Bureau aficionados know, is when Gold Fever started to kick in. The term 49er's refers to the people who poured into California from all over the country. Statistics state that some came from as far as 1,500 miles away and, in all, over a quarter of a million people had arrived by 1855. San Francisco itself exploded in population, growing 2,500% by the end of 1850.

In truth, most miners would not get rich, but the merchants who served them certainly did not have this problem. For those who buy gold at sites like the U.S. Gold Bureau today, understanding the impact this precious metal had on those seeking it in the mid 1800's helps them further appreciate its power as an investment. These days, its prices in the precious metals markets are followed with a passion near that level, but less recklessness. Once the late crop of miners began to lose money due to not finding gold, the Gold Rush came to an end. While it remains a major historical event, it also offers a lot of lessons on how those who first act on opportunities end up profiting the most, in the end.

Author Box
Ophelia Romero has 14 articles online

James Dereaux publishes a popular precious metals blog and finds sites like US Gold Bureau to be real tools for modern investors. When not studying history, he enjoys board games with his six children.

Add New Comment

California's Gold Rush Is A Historical Topic Many US Gold Bureau Fans Love

Log in or Create Account to post a comment.
     
*
*
Security Code: Captcha Image Change Image
Related searches:

California's Gold Rush Is A Historical Topic Many US Gold Bureau Fans Love

This article was published on 2012/05/25