The Ancient Egyptians are origin of the oldest known gold mine.  Gold was so noteworthy to the Egyptians that this gold mine is listed on one of our earliest examples of a map, ever. Egypt has an expansive history with gold, and as early as 2600 BC some scripts even say that it was “more plentiful than dirt.”


Coins of gold were minted into coins.  The Croesus Stater, produced in Lydia (modern-day Turkey) in the middle of the sixth century BCE, was the world's first minted gold coin.


USA created a new US Dollar that was backed by gold at a ratio of 1.5 grams of gold per $1. Interesting side note is that the silver to gold ratio was 16 ounces of silver to one ounce of gold.  By doing this, every time the country wanted to expand the number of dollars in circulation they had to have the gold to back it. This stopped them from the excesses that are so prevalent today in all western European countries. 


The Royal Canadian Mint Founded on January 2, 1908, in Ottawa initially minted 18 million gold sovereigns and 270 million other gold coins to ease the gold rush demand. This action signaled Canada's growing economic independence from the United Kingdom.


From 1834 until April 1935, Americans could walk into a bank and exchange their dollars for gold. But in 1935, President Franklin Roosevelt used a recently amended Emergency Banking Act to make it illegal to own gold and forced all citizens to return their gold or face hefty fines and/or jail. His rational for passing the Gold Reserve Act of 1934 was to help the United States recover from the Great Depression. 


In 1944, post World War 2, 730 delegates from 44 Allied Nations gathered at Bretton Woods, New Hampshire to establish a financial system that would foster growth for all nations. During the war the nations competed for growth through manipulation of their currencies and sought a solution to prevent currency wars from persisting. The decision was to accept the United States Dollar as the world's reserve currency backed as it had a long history of being fully backed to gold.


The exchange of US Dollars for gold ended in 1971 when Nixon took the US off the gold standard ending the agreement made in Bretton Woods in 1944.


Owning gold remained illegal in the US until 1974. 


Switzerland takes the Swiss Franc of the gold standard.  The Franc would be the last currency in the world to be tied to the gold standard.


The Royal Canadian Mint, minted the world's first 100 kg, 99.999% pure gold bullion coin in 2007, valued at  1 million CAD, emphasizing its leading position in high-purity bullion production.


BRICS Nations form an economic pack to promote trade amongst its partners.  Founding Members are; Brazil, Russia, India, China and South Africa.  Combined, the BRICS members encompass about 30% of the world’s land surface and 45% of the world population.  A combined GDP of $28 Trillion USD (about 27% of the world’s gross world product).  


Gold becomes a tier one reserve asset in 2021, according to the Bank of International Settlements (BIS) in Basel, Switzerland1. This means that gold is now considered a risk-free asset, alongside U.S. dollars in treasuries. 


BRICS Nations settles on using gold as the basis of a planned new international currency system separate from the US dollar and euro.