8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                                   May 1, 2003
                                   -----------
                        (Date of earliest event reported)


                             GLOBAL GOLD CORPORATION
                             -----------------------
             (Exact name of registrant as specified in its charter)


         Delaware                       02-69494                13-3025550
         --------                       --------                ----------
(State or other jurisdiction          (Commission                  (IRS
      of incorporation)               File Number)           Identification No.)


                    104 Field Point Road, Greenwich, CT 06830
                    -----------------------------------------
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code (203) 422-2300
                                                           --------------


ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

Effective May 1, 2003, Global Gold Corporation, a Delaware corporation (the
"Registrant"), dismissed Grassi & Co. CPAs, P.C. ("Grassi") as Registrant's
independent accountants, which action was approved by Registrant's Board of
Directors on May 1, 2003.

(a)(1) Feldman Sherb & Co., P.C., a professional corporation of certified public
accountants ("Feldman") was the independent accounting firm for the Registrant,
for the year ended December 31, 2001 and through the period ended April 17,
2002. Feldman was merged into Grassi on April 17, 2002 with Grassi as the
successor firm.

Except as described in the following sentence, the reports of Grassi and Feldman
on the financial statements of Registrant for either of the past two fiscal
years did not contain any adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles.
The report of Grassi on the financial statements of Registrant for the year
ended December 31, 2002 and the report of Feldman on the financial statements of
Registrant for the fiscal year ended December 31, 2001 does, however, contain an
expression of substantial doubt regarding Registrant's ability to continue as a
going concern.

In addition, during Registrant's two most recent fiscal years and through May 1,
2003, there was no disagreement with Grassi or Feldman on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure.

Registrant has requested that Grassi furnish it with a letter addressed to the
Securities and Exchange Commission stating whether or not it agrees with the
statements in this Item 4. A copy of the response received by Registrant from
Grassi is attached as exhibit 16.1 to this filing.

(a)(2) On May 1, 2003 Marcum & Kliegman LLP ("MKLLP") was engaged as the
Registrant's new independent accountants, commencing with the review of the
Registrant's financial statements for the quarter ended March 31, 2003. During
the two most recent fiscal years and the interim period preceding the engagement
of MKLLP, Registrant had not consulted with MKLLP regarding either: (i) the
application of accounting principles to a specified transaction, either
completed or proposed; or the type of audit opinion that might be rendered on
Registrant's financial statements, and neither a written report nor oral advice
was provided to the Company by MKLLP that MKLLP concluded was an important
factor considered by the Company in reaching a decision as to the accounting,
auditing, or financial reporting issue; or (ii) any matter that was either the
subject of a "disagreement" or event identified in response to paragraph
(a)(1)(iv) of Item 304, as those terms are used in Item 304(a)(1)(iv) of
Regulations S-B and S-K and the related instructions to Item 304 of Regulations
S-B and S-K.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       GLOBAL GOLD CORPORATION


Date: September 22, 2003               /s/Drury J. Gallagher
                                       ---------------------
                                       Drury J. Gallagher,
                                       Chairman, Chief
                                       Executive Officer and
                                       Treasurer




                                  EXHIBIT INDEX


Exhibit No.       Description
- -----------       -----------

   16.1           Letter from Grassi & Co. CPAs, P.C. dated September 22, 2003.

EX-16

EXHIBIT 16.1

                            GRASSI & CO., CPAs, P.C.


September 22, 2003

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Dear Sirs:

We have read the statements made by Global Gold Corporation, which we understand
will be filed with the Commission pursuant to Item 4 on Form 8-K, as part of the
Company's Report on the Form 8-K dated September 22, 2003.

Please note that this Form 8-K was received by us on September 22, 2003. Despite
the delay in receiving this Form 8-K from Global Gold Corporation, we agree with
the statements concerning our firm in said Form 8-K.

Very truly yours,

GRASSI & CO., CPAs, P.C.

/s/ Louis C. Grassi, CPA, CFE
    Managing Partner



cc: Stephen R. Field, Esq.

HEADQUARTERS


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