#0: EIGHTEENTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 30 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 $2.46 to $2.47

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.

On 31 July, 2020, the price of gold closed above the close on 29 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 17^th inception period have now been raised 1 cent American to $2.47. Henceforth, no Valun will ever trade for anything less in US dollars. The new potential high, never can be reached unless gold becomes worthless, is $4.94.

The precious metals markets closed, and a newer larger piece of purchasing power is assumed by the Valun. This is all exactly according to the rules set forth in this blog's proposal. It satisfies all present law concerning alternative currencies, that no circulating token may be less than a dollar. Our proposed open account ½ Valun V-Check now stands at $1.24. It started at $1.08 so it has grown by 14.81% since April 9^th. Under the rules it can never be lower.  This rule actually makes sense for those contemplating doing business using Valuns, because the smallest part of every sale is going to be the taxes, which must be paid in THEIR money.  We want to get people used to the idea of two kinds of money, ours and THEIRS, and which kind gets used for what.

I encourage all readers with a genuine interest in this proposal to make copies of any or all of the contents of this blog, make printed copies and distribute them among your families and friends; anyone honestly interested in freedom, free PRIVATE enterprise, the right to express our will through the right to contract and the right to issue our own money, free of debt to anyone. A Valun based economy will not be based on the internet or rely on it, because as we have seen, the internet doesn't exactly belong to us either.  Our message has been consistent; if you really want something different, it must ultimately have as little to do with THEM as possible,   This proposal defeats USURY, compound interest, fractional reserve lending, deposit insurance, and many other concerns of average hard working honest people everywhere. It is getting closer all the time for us to begin organizing to make this proposal a reality.

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
7 July, 2020 – Seventh inception – V1 = $2.24
8 July, 2020 – Eighth inception – V1 = $2.26
20 July, 2020 – Ninth inception – V1 = $2.27
21 July, 2020 – Tenth inception – V1 = $2.30
22 July, 2020 – Eleventh inception – V1 = $2.34
23 July, 2020 – Twelfth inception – V1 = $2.36
24 July, 2020 – Thirteenth inception – V1 = $2.38
26 July, 2020 – Fourteenth inception – V1 = $2.39
27 July, 2020 – Fifteenth inception – V1 = $2.43
28 July, 2020 – Sixteenth inception – V1 = $2.45
29 July, 2020 – Seventeenth inception – V1 = $2.46
31 July, 2020 – Eighteenth inception – V1 = $2.47

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.