<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2009-01-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000319671</issuerCik>
        <issuerName>GLOBAL GOLD CORP</issuerName>
        <issuerTradingSymbol>GBGD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001453077</rptOwnerCik>
            <rptOwnerName>Hirsch Daniel J.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FARALLON CAPITAL MANAGEMENT, L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE MARITIME PLAZA, SUITE 2100</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Member of Group Owning 10%</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001453076</rptOwnerCik>
            <rptOwnerName>Voon Richard H.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FARALLON CAPITAL MANAGEMENT, L.L.C.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE MARITIME PLAZA, SUITE 2100</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Member of Group Owning 10%</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4935830</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4935830</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The amount of securities shown in this row is owned directly by Farallon Capital Partners, L.P., Farallon Capital Institutional Partners, L.P., Farallon Capital Institutional Partners II, L.P., Farallon Capital Institutional Partners III, L.P. and Farallon Offshore Investors II, L.P. (collectively, the &quot;Partnerships&quot;). As the general partner to each of the Partnerships, Farallon Partners, L.L.C. (&quot;FPLLC&quot;) may be deemed to be the beneficial owner of the Issuer's securities held by each of the Partnerships.</footnote>
        <footnote id="F2">Effective as of January 1, 2009, Daniel J. Hirsch (&quot;Hirsch&quot;) became a managing member of FPLLC, and, as a result, may be deemed to be the beneficial owner of the Issuer's securities held by the Partnerships.</footnote>
        <footnote id="F3">Effective as of January 1, 2009, Richard H. Voon (&quot;Voon&quot;) became a managing member of FPLLC, and, as a result, may be deemed to be the beneficial owner of the Issuer's securities held by the Partnerships.</footnote>
        <footnote id="F4">All of such securities of the Issuer have been previously reported by the Partnerships and other related individuals, if applicable, on the Form 3s filed on April 12, 2006 and the Form 4s filed on September 12, 2007, May 29, 2008 and November 26, 2008 (amending the Form 4s filed on November 25, 2008). There have been no transactions in such securities by any such entities or individuals since such forms were filed.</footnote>
        <footnote id="F5">Hirsch, Voon and the other individuals identified in the prior Form 3s disclaim any beneficial ownership of any of the Issuer's securities reported or referred to herein for purposes of Section 16 under the Securities Exchange Act of 1934, as amended (the &quot;'34 Act&quot;), or otherwise, except to the extent of their pecuniary context, if any.  FPLLC disclaims any beneficial ownership of any of the Issuer's securities reported or referred to herein for purposes of Rule 16a-1(a) under the '34 Act or otherwise, except as to securities representing FPLLC's pro rata interest in, and interest in the profits of, the Partnerships.</footnote>
        <footnote id="F6">Each of Hirsch and Voon, together with the entities identified in footnote (1) of this Form 3 and the individuals identified in the prior Form 3s, may be deemed members of a group holding equity securities of the Issuer.  The filing of this Form 3 shall not be deemed to be an admission that such entities and individuals are members of such group.</footnote>
        <footnote id="F7">The warrants exercisable for Common Stock of the Issuer reported by the reporting persons in prior Form 3s and Form 4s expired on December 31, 2008, unexercised.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Monica R. Landry, as Attorney-in-Fact for each of Daniel J.  Hirsch and Richard H. Voon</signatureName>
        <signatureDate>2009-01-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>.</signatureName>
        <signatureDate>2009-01-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
