1700 A.D.

Isaac Newton: Buy gold at auThe discovery of gold is made in Brazil.  The country goes on to become the largest producer of gold by 1720 and is responsible, at this time, for nearly two-thirds of the world's output.

At the same time, Isaac Newton, who was Master of the Mint, fixed the price of gold in Great Britain.  In doing so, the gold price was established and this lasted for over 200 years.