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Gold was discovered in Australia as early as the 1830s, but discoveries were kept secret, for fear of sparking off unrest among the convicts. The government did not want to give convicts motivation to escape. From the very early 1800s, escaped convicts had turned bushranger in order to survive, and there was already an escalating bushranger problem. The bushranging problem continued even after the cessation of transportation in the 1830s.
Also, the discoveries were usually made by farmers who did not want to subject their sheep and cattle runs to a sudden influx of prospectors and lawlessness that would inevitably follow. Early farmers and landowners did not want gold prospectors tramping over their land because their digging would destroy valuable pasture and croplands.
There was also more money to be made in the security of farming than in the dubious chance of finding more gold.
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