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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 $2.43 to $2.45
On 28 July, 2020, the price of gold closed above the close on 27 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 15th inception period have now been raised 2 cents American to $2.45. Henceforth, no Valun will ever trade for anything less in US dollars.
We are seeing some signs that the rally may be taking a pause from its almost vertical movement over the last few days. But the upward trend could just as easily continue. We remind our readers that this proposal is squarely aimed at small businesses, at entrepreneurs, at sole proprietorships, partnerships, those who understand the difference between free PRIVATE enterprise and capitalism, at those just starting out as well as all retired people everywhere. We don't know what THEY will do except to keep up THEIR facades for as long as possible. Will THEIR money and institutions fail? They have before for the very same reasons because some of the most conceited are actually the most stupid, who trust myths and legends and concoct plenty of mad science, literally anything that can be patented as owned by THEM. But THEY would rather you continue to think that THEIR money is your money when it never was and never will be because none of us issued any of it.
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
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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