"I'll Be Gone" or "Some Day I'll Have Money" is a song by Australian progressive rock group Spectrum released as their debut single by EMI on Harvest Records in January 1971. It peaked at #1 on the national singles chart, while it reached Top 5 in Melbourne, Sydney and Brisbane. The song was written by guitarist and vocalist Mike Rudd, and produced by Howard Gable. The B-side, "Launching Place Part Two" was written to promote a music festival. Spectrum never repeated the success of "I'll Be Gone".
Background
Spectrum was formed in Melbourne in 1969 by Mike Rudd, a New Zealand-born singer, songwriter and guitarist, together with bassist Bill Putt, organist Lee Neale, and drummerMark Kennedy. Spectrum played covers of Traffic, Soft Machine and Pink Floyd initially, they then developed their own style and wrote a set of original material. Just prior to being signed up by EMI, Spectrum cut a demo single which they hawked to record companies as a 7" acetate. One side was an early, folky version of "I'll Be Gone", according to rock historian Ian McFarlane, these acetates are now "impossibly rare" and only two or three copies are known to have survived. Once signed to EMI's progressive imprint Harvest Records, Spectrum went into the studio to make their first official recordings under producer Howard Gable, who had worked with The Masters Apprentices. They had a #1 Australian hit with their first single, "I'll Be Gone", which has become one of the most enduring Australian rock songs of that era. The B-side, "Launching Place Part Two" was written to promote a music festival. They released their debut LP Spectrum Part One in March 1971 but Rudd would not allow their hit single to appear on the album. Drummer Kennedy left just after it was recorded and was replaced by Ray Arnott. Ross Wilson, vocalist and guitarist, had been a founding member of The Party Machine with Rudd, they were later both members of Sons of the Vegetal Mother, Wilson formed Daddy Cool as a side-project while Rudd went on to form Spectrum. During their time in 'Vegetals' Rudd had started working on "I'll Be Gone" and Wilson approved of the song, "That's it, that's the one". Daddy Cool and Spectrum often toured together in their early years. Rudd described the development of the song: Although recorded in August 1970 the song was not released until January 1971 due to the 1970 radio ban, which was a dispute between radio stations and major record labels over payments for songs being broadcast. Chris Löfvén went on to direct the video for Daddy Cool's debut single "Eagle Rock" which also peaked at #1 later in 1971. The Launching Place Festival was a minor festival held on 31 December 1970 at Launching Place 60 km east of Melbourne, other acts included Wendy Saddington, Billy Thorpe & the Aztecs, Healing Force and King Harvest. Spectrum recorded "Launching Place Part One" and "Launching Place Part Two" to promote the festival.
