# 8 Turkey

Gold Consumed Worth (in 2011) - $7.26 billion

Total Gold Holdings in Central Bank - 240 tonnes

The relationship between turkey and gold coins is as old as 2,000 years.  World’s first gold coins were made in Lydia during 640 BC. With this long history, Turkey produced a great variety of gold coins, such as Sultani, Serifi, Yarim, Luk, Onluk, Altin, Mahbub, Cifte, Tek, Istanbul, Dort, Piastres and Lire.

# 7 Germany

Gold Consumed Worth (in 2011) - $8.17 billion

Total Gold Holdings in Central Bank - 3,396.3 tonnes

The largest economy in the Eurozone, Germany, has the largest reserve of gold after the United States. Since September 2011, Germany has sold 4.7 tonnes of gold under the Central Bank Gold Agreement, with the gold reserves of 3,396.3 tons. In November 2011, the IMF said that most of the gold was sold to the ministry of finance to imprint commemorative coins. Germany also refused to have its gold holdings to age boost the EFSF. The gold holdings values around €133 billion ($170 billion). During the Cold War Germany had moved some of its gold reserves abroad to protect them from a possible Soviet attack.