Hi,
I rarely do anything to my Keychain.
Having said that it will sometimes keep old passwords liked to something when you change passwords and I have deleted the old versions after checking some time later.
It normally crops up when I want to remember a Yahoo account password or a MSN one and have to check the Keychain for it.
I would be hard pressed to state what you might have delete in the Keychain to cause issues with the Date and Time settings in System Preferences.
Glad to hear you have found a solution.
8:25 PM Thursday; February 28, 2013
Please, if posting Logs, do not post any Log info after the line "Binary Images for iChat"
iMac 2.5Ghz 5i 2011 (Mountain Lion 10.8.2)
G4/1GhzDual MDD (Leopard 10.5.8)
MacBookPro 2Gb (Snow Leopard 10.6.8)
Mac OS X (10.6.8),
Couple of iPhones and an iPad
"Limit the Logs to the Bits above Binary Images." No, Seriously