#0: TWENTY-SECOND VALUN INCEPTION POINT REACHED

PNG image showing the price of gold over the last 6 months.  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 $2.55 to $2.59

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 6 August, 2020, the price of gold closed above the close on 5 August, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 21^st inception period have now been raised 4 cents American to $2.59. Henceforth, no Valun will ever trade for anything less in US dollars. 

A word about what the proposed Valun is. The proposed international standard value unit is like a unit of measurement, like an inch, a mile, a cubic centimeter, a fluid liter, an astronomical unit. The Valun measures value in a barter transaction; trade, for any and all goods and services, serving as the medium of exchange.

Since the Valun is a unit of purchasing power rather than the total of all Valuns that could be in existence or all Valuns that could be circulating as money, there is no speculation involved after the inception is determined by THEIR speculations. At THEIR whim, in all practical circumstances, THEY control the exchange rates and values in all exchanges involving THEIR brands of money. We simply choose the largest unit of purchasing power among gold and US dollars based on THEIR speculations. Except that ours go up and never come down. There wont be any depreciation of the purchasing power of the Valun. Never.

We're seeing the Half Valun, the most likely to circulate fraction of a Valun at $1.30 now. It will never be lower, ever. Why? Because once an inception is accepted, and another would have to be higher still, then when the prices of precious metals falls – oh yes they can – then the present value of the Valun in gold becomes more, actually increasing as the price of gold falls, as we say up to it's impossible height of twice inception in dollars. So, no matter, the Valun is always going to be up from here; it will get heavier, harder, will purchase more, will be taxed along with its value in THEIR money; dollars.

Hyperinflation? In the USA within the next six quarters? Maybe, but the last time we had that was the Carter administration and we all know what happened after that. It doesn't matter. We will follow the course of history as well as we can. 

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
6 August, 2020 – Twenty-second inception – V1 = $2.59

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.