 |
| 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 $2.30 to $2.34
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
22 July, 2020, the price of gold closed above the close on 21
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 10th inception period have now been raised 4 cents
American to $2.34. Henceforth, no Valun will ever trade for anything
less in US dollars.
With
each succeeding inception, the proposed international standard value
unit or Valun increases its purchasing power, never to be devalued.
If or when the price of gold falls, the Valun, representing a unit of
purchasing power, not a commodity, just gets harder because it takes
more gold at lower prices to buy one. As we say, money is not solely
the circulating tokens. It's the accounting that matters.
BTW, it has never been anything else extending back thousands of
years. Anyone who belabors what the circulating tokens are made of
or how many there happen to be circulating at any instant, are plain
ignorant of what the real insiders have always known about money.
So, it's time to relinquish the rubbish taught in most schools and
get with basic common sense. Money is rational, it's about time more
people understood it in accounting terms, where it has always
resided.
Briefly
recounting past inception points:
2
November, 2011 – First inception – V1 = $2.16
9 April, 2020 – Second inception – V1 = $2.17
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
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.
No comments:
Post a Comment