Tuesday, June 30, 2020

#0: SIXTH VALUN INCEPTION POINT REACHED

Price of Gold
PNG image showing the price of gold over the last 60 days.  This chart will change with the price of gold and will be updated by goldprice.org
Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.22 to $2.23
  
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.

That 5th inception didn't last long. Based on record retail demand for precious metals, today the price of gold has just closed above the 5th Valun inception point reached just yesterday.  All we're doing is following the rules for determining the lowest exchange rate for a proposed international standard value unit or Valun.     Therefore on 30 June, 2020, the price of gold closed above the close on 29 June, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 5rd inception period have now been raised 1 cent American to $2.23. Henceforth, no Valun will ever trade for anything less in US dollars and the half-Valun, the least denomination of proposed circulating V-Checks, rises to $1.12..  So far, from Valun's original inception back on 2 November, 2011, the lowest possible transfer of value has risen from $2.16 to $2.23. The new top is $4.46 which will never be reached because in that case gold would be worthless. We may see another inception point right after this one as we have seen.

Briefly recounting past inception points:

2 November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17
14 April, 2020 – Third inception – V1 = $2.20
23 June, 2020 – Fourth inception – V1 = $2.21
29 June, 2020 – Fifth inception – V1 = $2.22
30 June, 2020 – Sixth inception – V1 = $2.23

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.

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