Case Study # 5 – What is GGMF’s position regarding a prospective Country Member’s proven gold reserves, mined and unmined and the financial reserves of the Country Member?

It is GGMF’s position that unmined gold reserves do not have any impact on the “financial” reserves of a Country Member until they are extracted, refined and the “use of” such gold is either transferred to GGMF or an approved third party.

Therefore, the transfer of the ”use of” gold from the Country Member to GGMF or an approved Third Party, will increase the Country Member’s Reserves as set out in the Article entitled “How will gold be priced and use transferred to GGMF or any other party once the Gold Units are Legal Tender?