Sourced from the TEARA (New Zealand’s Encyclopedia) [Otago Gold Rushes].:
“… there were many rumours circulating about the doings of a digger named Fox, who was said to have “struck it rich” somewhere in the Otago interior. Fox had, indeed, found gold on the Arrow on 9 October 1862. He managed to keep the location of his discovery quiet for a short time, but persistent rumours of a rich “strike” attracted many diggers to the area. In November a further discovery in the Shotover Valley (near Queenstown) confirmed the existence of the Wakatipu field and by December there were 3,000 diggers working the two rivers. A month later there were 6,400 diggers in the district and several shanty towns had sprung into being.”
Whenever a new opportunity opens up, there are a quick few who exploit it, then word gets out of the amazing find and it’s a gold rush.
It’s hot, everyones chasing it, have you heard how much gold they got?!
Reality is that by the time the Gold Rush is happening the realistic chance of you reaping the rumoured rewards are tiny. Best to recognise a Gold Rush for what it is, the masses catching up with the innovators.