#0: FOURTEENTH 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 $2.38 to $2.39

  

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 26 July, 2020, the price of gold closed above the close on 24 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 13^th inception period have now been raised 1 cent American to $2.39. Henceforth, no Valun will ever trade for anything less in US dollars.

Sure, it's a Sunday. There wasn't a market close today, but trading resumes every Sunday night anyway and the market sent the prices of gold above $1,915 an ounce and silver above $32 an ounce. Watch out for the “gold bugs” and their “sound money” arguments. What happens when there is no organized market, regardless of how crooked it has always been? Nobody knows then exactly what an ounce of gold or silver may bring in trade for something (whole barter) and those who believe that such would be better are delusional. Riegel was right; gold (and silver) may certainly be worth something. We're just not quite sure just what.

Yes, corrupt markets reach corrupt results, but we may be witnessing the death throws of these markets. Then what? You hear a lot about inflation. But deflation is far more certain. Sure, you would then have the potential of millions of tokens made of precious metals that could function as money floating around in various states of wear and who really knows what they're worth? A lot of people with more IDEALISM than common sense play right into the hands of the bankers and their oldest dialectic; either THEIR credit or THEIR gold. The Valun would be something independent of THEM in case THEIRS fails, because we would use the records we have of what the precious metals were worth to move forward. Besides which, whether the circulating tokens were silver or gold, money was always recorded in accounts that belonged to some king, some price, some potentate with the power to tax back the loaned money plus interest which would be money that was never issued. How has that always worked? Who benefited?

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

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.