10 Highest Gold Consuming Nations


# 6 USA

Gold Consumed Worth (in 2011) - $9.97 billion

Total Gold Holdings in Central Bank - 8,133.5 tonnes

For the first time gold mining had taken place in United States at the Reed farm in North Carolina in 1799. US gold production increased rapidly during the 1980s, due to rise in gold price and the use of heap leaching to recover gold from deposits in Nevada and other states.United States produced 240 tonnes of gold, in 2007 and turned to be the fourth-largest gold-producing nation, after Australia, South Africa, and China. It is the net exporter of gold.

# 5 Middle East

Gold Consumed Worth (in 2011) - $10.01 billion

According to market observes Tehran has been one of the biggest buyers of gold ingots in the past decades after china, Russia and India. It is also among the 20 largest owners of gold reserves in the world, as reported by Business Insider.Com. Middle East consists of the Western Asia and partial North Africa. The Middle East is also the historical origin of major religions such as Judaism, Christianity, and Islam.

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