Membership Benefits
Global Gold Monetary Fund is proud to offer its members all the following benefits:
Gold Collateral
GGMF will segregate and apportion a vast pool of safely and securely stored allocated gold bars (a gift of God) having a purity of 92% to 96% (doré bars) or 99.95% to 99.99% gold bars as the case may be, to each member in the form of trust certificates (“Gold Certificates”) that will have a fifty-year validity (the God-defined period of Jubilee) and may be renewed for equal periods based on mutual agreement.
In accordance with the terms and conditions of a bailment agreement (“Agreement”) which only conveys the “use”, not “ownership” of the Gold Certificate and the units which derivate therefrom, GGMF, through its Master Trust (as “Bailor”) will assign a pre-agreed quantity of physical gold to a unit trust (each a “Bailee”) established for the benefit of a country based on pre-established algorithms that calculates the long-term needs of a country defined in terms of locally created gold units needed to safely and securely transition the local economy from a fiat currency to units of gold.
During the Term of bailment, and unless a Bailee violates some term of the Agreement, Bailee’s interest in the Gold Certificate is superior to that of all others, including the Bailor. The Agreement gives a Bailee the legal right to use the Gold Certificate to secure the issuance of Gold Units by the GGMF, subject to potential licensing of the local distribution of such branded Gold Units, so long as all terms and conditions of use between trade counterparties comply with those of the master bailment.
GGMF does not charge a fee for its services, but it does require that each member state adheres to the terms and conditions of the Articles of Agreement of the Global Gold Monetary Fund.
The FAQs include key Articles on:
The Debt Forgiveness Program
Based on the terms and conditions of Section 21 of the Articles of Agreement, more specifically, Section 21.02 entitled “Debt Conversion & Forgiveness Program”, GGMF will assume the liabilities of each country member and the local government where such liability involves a properly documented, valid and outstanding local and/or foreign currency exposure of the debtor nation. The debt forgiveness program offered to each member state by the local GGMF Trust works as follows:
- Stage 1: GGMF creates, transfers, and assigns a Gold Certificate for allocated gold that represents a fractional beneficial interest in the gold assets of the Master Trust (as “Bailor”). The Gold Certificate is used to capitalize the Country Trust (“as Bailee”) and create redeemable, tradable, and exchangeable units of the trust that are each worth one unit of gold (“Gold Units”).
- Stage 2: GGMF assumes all of a nation’s local and/or foreign currency indebtedness and receives in exchange a full settlement of the country’s indebtedness payable in local currency and government debt obligations denominated in local currency. The exchange is done on a one-to-one (1:1) basis based on the current foreign exchange rates.
- Stage 3: GGMF’s local Country Trust uses the local pool of fiat currency to locally settle and finance the transition from fiat to gold and to sustain the economy of the country during that time.
- Stage 4: As soon as the local government has officially and irrevocably made the Gold Units of its Country Trust legal tender, the trust will swap one unit of the old local currency it holds as an asset of the Trust for one Gold Unit.
- Stage 5: If there is compliance with the terms and conditions of GGMF’s Articles of Agreement, the Country Trust will be authorized to forgive the debts of the country by a write-off of its fiat currency assets.
The FAQs include a key Article on:
The New Monetary System
The GGMF platform incorporates the following operational features:
- A global platform in which every member nation has its own unit trust, Bailment Agreement, and start-up allocation of gold Certificates convertible into Gold Units which can then be distributed throughout the local economy;
- A fixed exchange rate mechanism to allow the Gold Units of each of 250+ nations to have an exchange rate against the Gold Units of every other country, thus making Gold Units portable, usable, and freely transferable throughout the world;
- The allocation of a BIN number to each Country Trust through which all transactions in gold units clear and settle;
- The clearing and settlement of all transactions, whether in local currency or Gold Units, during the transition period;
- A proprietary global payment processing technology, complete with a system of read/write debit, prepaid, debit, and gift cards; and,
- The legal and compliance framework.
The FAQs include several key Articles on Membership Benefits as follows:
Contact us
Get in touch with us at GGMF for all inquiries.