10 Highest Gold Consuming Nations
# 4 Europe
Gold Consumed Worth (in 2011) - $19.18 billion
Total Gold Holdings in Central Bank - 15,784.1 tonnes
Like the other world coins, European coins are a promising sector of the present gold market. Minted during the days back in 1935, theses classic gold coins offers all kinds’ benefits of trading in this modern era like financial privacy, higher premiums. Because of its rareness and scarcity you can expect extra premium during the period of peak demand.
# 3 China
Gold Consumed Worth (in 2011) - $38.7 billion
Total Gold Holdings in Central Bank - 1,054.1 tonnes
According to the Analysts, China bought as much as 490 tons of gold in 2011, double the estimated 245 tons in 2010. “The thing that’s caught people’s minds is the massive increase in Chinese buying,” remarked Ross Norman of Sharps Pixley, a London gold brokerage, as quoted by Forbes. Its gold holdings are worth about $63 billion but it has more than $3 trillion in U.S. dollars in its reserve.
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