Turkey, perhaps better than anywhere else, illustrates the broad role gold can play in modern society. At an average of 181 tonnes (t) per annum over the past 10 years, Turkey is the world’s fourth largest consumer of gold accounting for around 6% of global consumer demand, and we estimate that Turkish households have accumulated at least 3,500t of gold “under-the-pillow”.

Our report, Turkey: gold in action, explores the role gold plays across the entire value chain, and assesses gold’s economic contribution to Turkey.