# What Global Gold Is Not

Global Gold is intentionally designed to avoid the structural failures of existing gold and silver products. It is important to clarify what Global Gold is not.

**Global Gold is not a stablecoin –** It does not reference, peg to, or seek price stability relative to any fiat currency, nor does it issue a fiat-denominated monetary instrument.

**Global Gold is not a wrapped token or synthetic commodity –** It does not represent a derivative, swap, or synthetic exposure. Tokens are issued only pursuant to standardized physical collateral under defined custody and legal arrangements.

**Global Gold is not a custodial gold product –** The protocol does not take custody of metal, control vault operations, or take possession of user assets; custody and compliance remain with independent vault operators.

**Global Gold is not an ETF or pooled gold vehicle –**There is no commingled fund structure, no pooled investor vehicle, no discretionary redemption policy, and no issuer balance-sheet liability.

**Global Gold is not a centralized exchange or issuer of IOUs –**The protocol does not operate a centralized exchange, act as a broker or dealer, or issue IOUs; trading and delivery are facilitated through independent marketplaces and executed by participating vaults and counterparties.

Instead, Global Gold is a standards-based infrastructure framework that enables enforceable asset claims, standardized liquidity mechanisms, and cross-jurisdictional transfer of physical precious metals through independent participants, without introducing custodial or issuer risk.

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