The E. C. Riegel Blog: #0: THIRTEENTH VALUN INCEPTION POINT REACHED

Friday, July 24, 2020

#0: THIRTEENTH 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 $2.36 to $2.38

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 24 July, 2020, the price of gold closed above the close on 23 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 12^th inception period have now been raised 2 cents American to $2.38. Henceforth, no Valun will ever trade for anything less in US dollars.

So, right now, we are near the top of gold's price in US dollars. Will gold move higher? It's likely. Will we be ready for it? Of course. What if gold gets to $2,000? Then our bid is $2,500 and the Valun goes to $2.50 and never gets lower. What if gold reaches $3,000? Then our bid is $3,750 and the Valun goes to $3.75. How about $5,000? Our bid is $6,250 and the Valun goes to $6.25. From thence, it would never exchange for less. And then should the price of gold fall, the present value of that $6.25 is even higher since it takes more gold to exchange for a Valun. Such it is.

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

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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Current Value of Proposed Valun

V1 = $2.89
7 May, 2021

$2.59 at 22nd Valun inception 6 August, 2020. The lowest price a proposed international standard value unit or Valun will ever trade in US dollars. If this 22nd inception point is exceeded by a rise in the price of gold in dollars, a 23rd inception point is chosen, always higher, never lower. In this way the Valun maintains and builds its purchasing power. Details in this blog.

Valuns are proposed as alternative currency, not "buy and hold" investments.

NOTE 4/25/21: For about the last week we have observed delays in reporting and closes when they come that seem to attempt to short the markets on gold and silver. Though this does go on all the time, the past week's performances have seemed manipulated. When or if this subsides, this note will be removed. We'll then resume the usual times posted for market daily closes.

SPECIAL NOTE: Each change in the Valun price is updated by hand. Between 5/10/21 and 5/24/21 regular Valun updates will not take place and will resume after that date.