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Australia’s Greatest Gold Scams – Lies, Greed & Lost Fortune in the WA Goldfields “All that glitters is not gold.” Four hundred years after Shakespeare’s warning, Australia ignored it completely — and paid the price. From the earliest days of European settlement to the modern era of corporate mining, gold has attracted not just prospectors, but some of the most audacious scammers in Australian history. This video uncovers the true stories of Western Australia’s most infamous gold frauds, where greed, desperation, and blind belief created perfect conditions for deception. From fake nuggets and planted gold dust to forged geological reports and 69 kilograms of missing Perth Mint gold, this is a journey through 200 years of lies driven by gold fever. 🪙 What You’ll Learn in This Video ✔️ Australia’s first recorded gold scam in 1788 ✔️ How fake gold specimens fooled colonial officers ✔️ The Albany Gold Panic of 1867 and the power of media hype ✔️ The Denmark gold hoax and the rise of scientific debunking ✔️ The infamous Sacred Nugget that drew 10,000 people to Kanowna ✔️ How priests, prospectors, and newspapers fueled gold hysteria ✔️ The evolution from crude scams to corporate geological fraud ✔️ The Lake Eva oil hoax and industrial-scale deception ✔️ The Mickelberg Brothers and the Yellow Rose of Texas ✔️ The Perth Mint gold swindle — and why 69kg of gold is still missing This is not just history — it’s a warning about how easily gold can override logic, even among experts. ⚠️ Why This Matters to Prospectors Today Gold scams didn’t disappear — they evolved. Understanding how fraudsters: Manipulated geological data Exploited confirmation bias Used authority, science, and spectacle Took advantage of gold fever psychology …helps modern prospectors, investors, and collectors avoid repeating the same mistakes. The techniques may be older — but the psychology is timeless. 📚 Historical References & Further Reading These events are well-documented in Australian historical and government archives: The Albany Gold Panic (1867) – National Library of Australia https://trove.nla.gov.au The Sacred Nugget & Kanowna gold rush – State Library of WA https://slwa.wa.gov.au Perth Mint history and security reforms https://www.perthmint.com/company/his... Mickelberg Brothers case summary – Australian legal archives https://www.austlii.edu.au 🔎 Terms People Use to Find Us gold prospecting australia gold scams australia gold fraud western australia gold rush history australia perth mint gold scandal missing perth mint gold mickelberg brothers gold nugget scams fake gold nuggets gold detecting australia gold prospecting history wa goldfields history gold mining fraud historic gold scams gold fever psychology gold hoaxes australia Somewhere in Western Australia, 69 kilograms of stolen Perth Mint gold may still be hidden. If you enjoyed this deep dive into gold’s darker history, hit Like, Subscribe, and share it with someone who believes every shiny rock tells the truth. 00:00 Introduction: The Allure of Gold and Scams 01:11 The First Gold Scam: James Dailey's Deception 03:04 The Albany Gold Panic of 1867 04:25 The Denmark Hoax: A Turning Point 05:49 Father Dennis Paul Long's Sacred Nugget Hoax 07:48 Corporate Deception: The Great Fingal Scandal 09:18 The Lake Eva Oil Hoax of 1923 10:35 The Mickelberg Brothers and the Yellow Rose of Texas 12:06 The Perth Mint Swindle of 1982 13:18 Conclusion: The End of an Era