Governance
GFC governance is intended to be strong without becoming unnecessarily bureaucratic. Golden Fig operates the system. Independent professionals verify, value, custody, reconcile and manage.
No single participant should be able to create, verify, value, custody and report the same Reserve asset alone.
The credibility of GFC should not depend upon holders simply trusting Golden Fig's own statements. It should increasingly depend upon independently produced evidence, identifiable custody, transparent records and consistent reconciliation.
The GFC monetary system
One currency. Qualifying gold. Protected Reserve.
Selective relationships — not a corporate organisation chart.
Lean operating core
Coordinates / administers
Independent institutional functions
Qualifying assets / production
Verification
Economic assessment
Physical Reserve safeguarding
Reconciliation / assurance
Permitted Reserve management
Economic beneficiaries of the protected Reserve
Currency ownership, use, and economic benefit of the protected Reserve
01
Operates the GFC system
Establishes and operates the currency, sources and structures qualifying transactions, administers issuance, coordinates independent professional functions, and develops circulation.
02
Oversees the operating company
Golden Fig is intended to operate within the GFC Monetary Constitution. Appointments and final mandates will be disclosed as the institutional architecture is completed.
03
Verify mineral facts
Establish and update the relevant Mineral Resource and Mineral Reserve information under recognised professional standards. Golden Fig does not determine its own geological facts.
04
Assess economics
Assess the economic characteristics of the precious-metal participation GFC is actually acquiring. Geological quantity is not economic value.
05
Safeguard metal
Safeguard allocated physical precious metals. Custody is institutionally separate from Reserve investment management.
06
Verify records
Verify relevant records so that issued GFC, qualifying interests and physical metal can be independently reconciled.
07
Manages Reserve investments
Manages authorised Reserve investments under an approved mandate. Golden Fig may appoint, evaluate and replace the manager. Individual investment decisions are made independently.
08
Support lawful operation
Public launch and market access will require appropriate AML, KYC, sanctions, monitoring and record-keeping controls to the extent required by applicable law.
Golden Fig coordinates and operates the GFC system. It identifies and structures opportunities, maintains infrastructure and communicates information to holders. It should not be the sole party creating, verifying, valuing, holding and reporting the same Reserve asset.
White Paper 2.0 — 12 · Transparency, Reserve Register & Governance
