When Does "The New Gods" #7 (1971) Take Place?
"The New Gods" #7 v1 "The Pact!" is a fantasy comic-book written by Jack Kirby that released December 21st, 1971. So when is "The New Gods" #7 set?
It takes place on the fictional DC Comics Universe timeline roughly in the year:
We know this because while it is only labeled with free floating text that reads: “IN THE BEGINNING ~”, other issues refer to this story as having happened “1,000 years ago”, the previous and following issues of “The New Gods” clearly take place some time in the 20th century.
“The Young Gods of Supertown!”: "Vykin the Black!"
It takes place on the fictional DC Comics Universe timeline roughly in the year:
and then two reprint stories.

~950 AD
We know this because while it is only labeled with free floating text that reads: “IN THE BEGINNING ~”, other issues refer to this story as having happened “1,000 years ago”, the previous and following issues of “The New Gods” clearly take place some time in the 20th century.
~1950 - 1000 = ~950.
The issue ends “300 years ago” so:
~1950 - 300 = ~1650.
It is a chronologically early comic in the DC Comics Universe multiverse timeline (the chronological first comic to feature New Gods) and can be read at its timeline point, after the previous issue, "The New Gods" #6 v1 (197?) as an extended flashback.
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"The New Gods" #7 also includes the stories:
“The Young Gods of Supertown!”: "Vykin the Black!"
It takes place on the fictional DC Comics Universe timeline roughly in the year:
YEAR AD
and then two reprint stories.