#0: TWENTIETH 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 $2.48 to $2.53

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 4 August, 2020, the price of gold closed above the close on 2 August, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 19^th inception period have now been raised 5 cents American to $2.53. Henceforth, no Valun will ever trade for anything less in US dollars. The new potential high, never can be reached unless gold becomes worthless, is $5.06.

We already said that when the spot price for gold reaches $2,000 we would have our solution, and the Valun would emerge as among the hardest currencies on earth. How do you measure that? In exchange for all other of THEIR brands of money and for things of real value; goods and services. It seems quite likely that we will see more Valun inceptions. Then again, for THEIR reasons, we may be seeing the summit that gold will never reach again. We don't know, but the rules we have set forth in this blog support the actions taken in this experiment. All it requires is enough people to organize to proclaim its acceptance and then our own money becomes a closer reality.

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
29 July, 2020 – Seventeenth inception – V1 = $2.46
31 July, 2020 – Eighteenth inception – V1 = $2.47
2 August, 2020 – Nineteenth inception – V1 = $2.48
4 August, 2020 – Twentieth inception – V1 = $2.53

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.