FAQ

General

What is the goal of launching Responsible Gold?

To offer consumers and investors a 99.99% pure gold product that has been tracked from mine to vault or market with the Responsible Gold Supply Chain Application and in conformance with the Responsible Gold Standards. Responsible Gold is Shariah compliant and the Responsible Gold ecosystem positively contributes to the United Nations Sustainable Development Goals.

General

What is Emergent Technology Ltd?

Emergent Technology Ltd (EmTech), founded in 2017, is a global privately held company headquartered in Houston, TX that operates in markets across North and Latin America, Asia Pacific, the Middle East and Africa. EmTech owns and operates G-Coin and provides ESG consulting services to the gold mining industry. Learn more at www.emergenttech.com or www.gcoin.com.

General

What is Responsible Gold Supply Chain LLC?

Responsible Gold Supply Chain LLC (RGSC), a Delaware limited liability company, is an affiliate of EmTech formed in 2020. RGSC is responsible for the licensing and marketing of the Responsible Gold Supply Chain Application.

General

What is Responsible Gold Investment Company Ltd?

Responsible Gold Investment Company Ltd (RGIC) is a private equity vehicle created to invest in new mines, late stage gold developers and restarted mining operations. RGIC may contract with EmTech to provide portfolio mines ESG consulting services.

General

I am a miner or developer interested in accessing capital. How can I find out more about Responsible Gold Investment Company?

Please email us at info@responsiblegold.com  to set up a call with Responsible Gold Investment Company.

General

What is XRG?

XRG is the ticker symbol for Responsible Gold kilobars on Bloomberg and Reuters.

General

What is XAU?

XAU is the acronym for over the counter, loco London unallocated gold.

Buyers

I am a jeweler or fabricator. How can I buy Responsible Gold?

Please email us at info@responsiblegold.com to discuss sourcing.

Buyers

Can an individual buy Responsible Gold?

Yes! Contact us at info@responsiblegold.com for information.

Supply chain

I am a miner, refiner or logistics provider. How can I join a Responsible Gold Supply Chain corridor?

Please email us at info@responsiblegold.com to learn more.

Supply chain

How do supply chain partners demonstrate compliance with the Responsible Gold Standards?

Miners and Refiners are required to provide annual independent ESG audit reports for compliance with the Responsible Gold Standards. Miners are expected to meet the World Gold Council’s Conflict-Free Gold Standards or in time the Responsible Gold Mining Principles. All miners are welcomed and encouraged to start tracking gold on the blockchain even though you may not be fully compliant. We will work with miners to achieve the required standards and ultimately stamp your gold as Responsible Gold.

Refiners are expected to meet the LBMA’s Responsible Gold Guidance. As a minimum, Logistics Providers and Vault Operators provide self-certifications.

Supply chain

For miners, how do the Responsible Gold Standards differ from the World Gold Council's Responsible Gold Mining Principles?

The Responsible Gold Standards incorporate the requirements of the Responsible Gold Mining Principles and other best practice gold mining standards. World Gold Council (WGC) miners meet the Responsible Gold Standards upon provision of an independent assurance report for the Responsible Gold Mining Principles. WGC members may use the Sustainability Toolkit to support their transition from the WGC Conflict-free Gold Standard to the Responsible Gold Mining Principles. Miners with additional ESG compliance requirements may use the Compliance Monitoring Tool to conduct gap assessments, identify common requirements, and streamline compliance and audit activities.

Supply chain

For refiners, how do the Responsible Gold Standards differ from the LBMA's Responsible Gold Guidance?

The Responsible Gold Standards incorporate the requirements of the Responsible Gold Guidance and other best practice sourcing and sustainability standards. LBMA refiners meet the Responsible Gold Standards upon provision of an independent assurance report for the Responsible Gold Guidance. LBMA refiners may use the Sustainability Toolkit to support their transition to version 8 of the LBMA Responsible Gold Guidance. Refiners with additional ESG compliance requirements may use the Compliance Monitoring Tool to conduct gap assessments, identify common requirements and streamline compliance and audit activities.

Supply chain

For supply chain partners, how do the Responsible Gold Standards differ from the Responsible Jewellery Council’s Code of Practices?

The Responsible Gold Standards incorporate the requirements of the Code of Practices and other best practice sustainability standards. Responsible Jewellery Council’s upstream members meet the Responsible Gold Standards upon provision of an independent certification report for the Code of Practices. Responsible Jewellery Council members may use the Sustainability Toolkit to support their adoption of the Code of Practices. Members with additional ESG compliance requirements may use the Compliance Monitoring Tool to conduct gap assessments, identify common requirements and streamline compliance and audit activities.

Supply chain

Do refiners require segregated batch processing for Responsible Gold?

If volumes are sufficient, refiners can segregate feedstock from one Responsible Gold mine during processing. Otherwise they can batch refine feedstock from multiple Responsible Gold mines. ERP integration tracks asset transformation. For electrolytic refining, the electrolyte is made from Responsible Gold to avoid contamination with other sources.

Supply chain

What are the security requirements for Responsible Gold vaults?

Vaults must be Class 3 or insured by Lloyds of London, or both. Class 3, a UL (Underwriters Laboratories) Standard, is the highest security class of doors and modular panels used in vaults. However, vaults that were built before the UL standards were issued, and that have passed the proprietary assessment to be insured by Lloyds of London, may also be considered.

Supply chain

Can a fabricator join the Responsible Gold Supply Chain?

Yes. Responsible Gold Operations works on a bespoke basis to integrate tracking of  Responsible Gold through a manufacturing facility, allowing the fabricator to sell exclusive Responsible Gold  products to jewelers and other clients.

Technology

What is blockchain technology?

Blockchain is a shared, tamper-proof digital ledger which stores transactions in a public or private peer-to-peer channel. Each party is distributed a copy of the ledger, and has access to a consecutive chain of cryptographic blocks. A single block contains multiple data bytes, with a unique cryptographic key to encrypt information. Every record in the distributed system has its own identifier, an encryption key, and a precise timestamp. Since each block includes hashed information connected to the previous one, altering or eliminating information is impossible. Visibility into private blockchain events is access-controlled and contextual.

Technology

What is the fabric of the Responsible Gold blockchain platform?

The Responsible Gold Supply Chain Application runs on top of the QOS Blockchain platform. The QOS platform is a version of the blockchain based on Quorum, an enterprise version of Ethereum.

Technology

What is cryptographic technology?

Cryptography is the process of protecting private data by creating protocols that prevent third parties from reading it. Cryptography forms the basis for distributed ledger technology that in turn is the underlying principle behind the blockchain.

Technology

What is a cryptoseal?

A cryptographic seal or “cryptoseal” is a blockchain-compatible, tamper-proof seal with an embedded NFC (near-field communication) chip attached to the packaging of Responsible Gold. It is used to record digital asset creation and custody transfer data. A cryptographic seal establishes a link between physical gold  and the digital assets on the blockchain.The seal ensures that the gold is not tampered with as it moves through the supply chain.

Technology

How is a cryptoseal “tamper-proof”?

Two types of cryptoseals are used to manage the custody transfers of gold as it moves through the supply chain. In both cases, NFC technology is used to establish connectivity between the physical gold and the Goldfinger application. Cryptoseals applied to doré containers are lightweight cable seals. When the container is opened the seal is broken. Seals applied to finished Responsible Gold products are specially designed. The seals are applied to finished product containers and the NFC connectivity is broken when the containers are opened. All seals are proprietary and supplied by Emergent Technology; they are not available for purchase by unauthorized parties. The system is tamper-proof as data cannot be recorded from broken seals. Should seals be broken unofficially, the app cannot transfer or accept custody transfers and blockchain records will stop. When gold needs to be officially resealed into containers, a new seal must be registered, an action which is recorded on the blockchain and added to the bar’s provenance records.

Technology

What is a G-Coin token?

A G-Coin token is a digital title to one gram of a Responsible Gold kilobar stored in a licensed vault. G-Coin “wallets” are used to save, send and spend gold. Peer-to-peer transfers are frictionless; value is transferred instantly at zero cost, without intermediaries. Learn more at g-coin.com.

Technology

What is the Sustainability Toolkit?

The Sustainability Toolkit comprises the ESG Control Cards, the Compliance Monitoring Tool and a Document Reference Guide. See the Responsible Gold Standards brochure for more detail.