PNG image showing the price of gold over the last 6 months. This chart will change with the price of gold and will be updated by goldprice.org |
NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.
At or near inception, the two highest points on the chart above show the 2nd and 3rd inception points for the Valun, however the chart will be updated as the price of gold changes. The price of gold has just closed above the 2nd Valun inception point a few days ago on 9 April, 2020. At 14 April, 2020, the third inception exchange rate for the Valun was set at $2.20. No Valun will trade for anything lower from now on.
What will gold continue to do? If it marches on higher yet, a fourth inception comes into force. We will watch and see what happens. Of course should gold resume lower trading ranges, the present value of that piece of purchasing power at inception becomes even heavier in dollars. A new top exchange rate for the Valun is also set at $4.40, a limit that will not be reached because gold will never be worthless.
It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver. We note that silver did rise above the level it had at 2nd inception, but this is a gold based alternative value measurement, not one based on silver, although we would take silver as well as gold in exchange for Valuns when they eventually come into being.