#0: TWENTY-FIRST 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 $2.53 to $2.55

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 5 August, 2020, the price of gold closed above the close on 4 August, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 20^th inception period have now been raised 2 cents American to $2.55. 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 $5.10. This upper limit is always equivalent to two Valuns at inception.

The only centralizing piece of the proposal is for an International Valun Exchange Society – IVES – to post what the current exchange rate is for the Valun in gold, silver, US dollars, Canadian or Australian dollars, Euros, Russian rubles, Mexican pesos, etc. This is not all that IVES would be entrusted to do. We compute the exchanges between gold, silver and US dollars on most trading days. We include Sunday nights when the market reopens and take the highest trading points reached before Monday to make our determinations. A real IVES would be spotting what all these brands of THEIR money are doing and would report them perhaps in real time. Right now, we are relying on the COMEX / GLOBEX closes in New York for most of our determinations. Once an inception is chosen, we take the present value of it or accept a newer inception, always higher than the previous one. And once that piece of purchasing power is adopted, nothing smaller will ever be accepted. The Valun will NOT be arbitrarily devalued by ANY of THEIR brands of money.

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

5 August, 2020 – Twenty-first inception – V1 = $2.55

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.