#0: EIGHTH 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 $2.24 to $2.26

  

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.

Just as predicted, on 8 July, 2020, the price of gold closed above the close on 7 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 7^th inception period have now been raised 2 cents American to $2.26. Henceforth, no Valun will ever trade for anything less in US dollars. We never go back, always forward, and the proposal is working out just fine.

So now, in one day, the bottom for the Valun is raised by 2 cents American. From the Valun's original inception back on 2 November, 2011, the lowest possible transfer of value has now risen from $2.16 to $2.26. That's a modest 4.63% in a little less than nine years, so it's still negligible. The new top is $4.52. We expect further inception points to be reached, reminding everyone that at the highest ever price for gold back in 2011, had the Valun begun at that point, we'd be dealing with a bottom at $2.37 and a corresponding high, like a limit that can never be reached, at $4.74.

Notice that the Valun, being immune to speculation regarding its exchange value in some of THEIR money, doesn't have the ability to skyrocket to the thousands of dollars per “coin” that typify all cryptocurrencies. That's because cryptocurrencies are nothing but a false scarcity, exactly the same as betting on the values of scarce shares of stock or more copious amounts of debt instruments, etc. The Valun was never intended as a “buy and hold” investment, but designed to guarantee to preserve purchasing power over time against ALL of THEIR brands of money.

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

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.