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| 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 $2.39 to $2.43
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
27 July, 2020, the price of gold closed above the close on 26
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 14th inception period have now been raised 4 cents
American to $2.43. Henceforth, no Valun will ever trade for anything
less in US dollars.
Welcome
to the highest point gold has traded in US dollars. We already see
that this is not the end of the current rally in precious metals, so
we anticipate more inceptions to follow.
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
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
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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