 |
| 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 $2.27 to $2.30
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
21 July, 2020, the price of gold closed above the close on 20
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 9th inception period have now been raised 3 cents
American to $2.30. Henceforth, no Valun will ever trade for anything
less in US dollars.
In
2 days, the proposed Valun has gained 4 cents American, we expect
more within days. The surge in precious metals prices sees no sign
of ending soon. Of course, this blog's experiment is not being
watched, nobody is paying attention, but it is proving itself
nonetheless.
I
always make reference to contracts that would be in force during
various inception periods because I'm referring to contracts that
would be made between members and their local exchanges that would
reference these dates. When reading the other posts in this blog,
for some people; anyone who has been receiving any public or private
pensions since Valun inception at 2 November, 2011, the proposal
intends to award them 100% of their received pensions as rights to
issue the equivalent value in Valuns. There's no taxes involved
because these rights to issue Valuns belong to the individual will of
each member. Only Valuns received as income are subject to taxation
in THEIR money. That's why we keep records of where the Valun has
been since 2011.
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
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