#0: TWELFTH VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 10 years.  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 $2.34 to $2.36

  

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 23 July, 2020, the price of gold closed above the close on 22 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 11^th inception period have now been raised 2 cents American to $2.36. Henceforth, no Valun will ever trade for anything less in US dollars.

Let's say that instead of all the inception points reached to date, we had decided to go with the all time record price for gold. On 22 August, 2011, gold hit it's all time record price in US dollars. On that date, gold hit a spot price of $1,917.90. Our bid price would have been 25% higher at $2,367.38, which means we would expect to see exchanges pay $2,367.38 for gold, and get at least an ounce of gold bullion, which would then have backed 1,000 Valuns at that price. The inception value of a Valun would have been $2.37. Notice that we're almost there right now.

So what are the advantages of doing it the way we did? Recall I mentioned contracts that would extend back into time to first Valun inception. These contracts, which affect how many Valuns certain categories of A members would be able to issue, would reference any time congruent within the range of the Valun, from first inception right up to the present. The difference in doing it the way we have is that these people would get a few more Valuns to issue and as we are seeing, Valuns are increasing in purchasing power.

Now, all of this remains hypothetical because this proposal requires massive grass-roots organizing. How many people have any idea that anything like this might be possible? Very very few, and who talks about it among friends? Are you kidding me? With masks and social distancing disrupting society? How about all the meaningless, irrelevant and clueless references to one of THEIR brands of economics? More rubbish intended to prevent the simple from ascertaining the reality of money, finance, work, wealth, income, everything.

This proposal is for free PRIVATE enterprise. In the process, it would help eliminate poverty and eventually war itself. There is nothing like it because an alternative monetary system that doesn't rely on “commodity theories of money” and gaming to attain price stability is outside THEIR purview. THEY place a reliance on scarcity rather than seeing the world as abundant and capable of satisfying the needs of billions of people. But stupid people merely rely on something that never worked but might be relied upon to work correctly in the future instead of thinking differently. Really? Yeah. So, if this is you, don't bother critiquing anything on this blog. It's not that I'm more than ready to counter what you say, it's that I'd rather not even bother. Figure it our for yourself then. Unfortunately, it is far easier to fool someone than to convince one they have already been fooled. There will be an answer. Let it be, at least for now.

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

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.