The E. C. Riegel Blog: #0: SIXTH VALUN INCEPTION POINT REACHED

Tuesday, June 30, 2020

#0: SIXTH VALUN INCEPTION POINT REACHED

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 5^th 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 5^rd 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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Current Value of Proposed Valun

V1 = $2.89
7 May, 2021

$2.59 at 22nd Valun inception 6 August, 2020. The lowest price a proposed international standard value unit or Valun will ever trade in US dollars. If this 22nd inception point is exceeded by a rise in the price of gold in dollars, a 23rd inception point is chosen, always higher, never lower. In this way the Valun maintains and builds its purchasing power. Details in this blog.

Valuns are proposed as alternative currency, not "buy and hold" investments.

NOTE 4/25/21: For about the last week we have observed delays in reporting and closes when they come that seem to attempt to short the markets on gold and silver. Though this does go on all the time, the past week's performances have seemed manipulated. When or if this subsides, this note will be removed. We'll then resume the usual times posted for market daily closes.

SPECIAL NOTE: Each change in the Valun price is updated by hand. Between 5/10/21 and 5/24/21 regular Valun updates will not take place and will resume after that date.