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7. China

Value of reserves: $54.22 billion
Holdings total: 1,161.9 tons

At 1,161.9 tons, the world's most populated country has the world's seventh largest gold reserve. Expect it to be higher on the list? Well, bear in mind that China's gold only accounts for 1.8 percent of its foreign reserves. With a population of 1.34 billion, the country holds about $40.46 worth of gold per person, totaling $54.22 billion.

Source: World Gold Council, with conversions by CNBC | Photo: AP