News of the gold flakes discovered by James Marshall in the
American River at the base of the Sierra Nevada Mountains caused
such an influx of prospectors that the non-native population of
California rose from 1,000 to over 100,000 in less than 5 years.
Surprisingly (or perhaps not), there are limited accounts of where
successful gold miners went, and what they did, after the Gold
Rush.
ne might surmise that those who left California with any
significant wealth, headed for places which allowed them privacy,
freedom to multiply their fortunes without interference and a good
pipeline of opportunities to do so. Almost 200 years later,
entrepreneurial families who have mined gold in its various forms -
physical, paper or virtual – continue to seek the same
characteristics when choosing a jurisdiction from which to base
their future investment activities.