It comes to no surprise that our U.S dollar is facing challenges. Global reserve currencies last in cycles of 100 years as seen on the currency chart. Fiat currencies have an average life span of 27 yrs. The USD has been serving as a global reserve currency for over 90 years, 40 of which as a fiat global reserve currency. If history is telling us anything, the USD is fast approaching its “use by date”. It is little wonder that many are preparing not just for the inevitable loss of its reserve status but also the demise of the currency itself. Central Banks all across the world are purchasing outrageous amounts of gold. China, India and Europe are all purchasing hundred’s tons of gold. You would think Central banks would slow down in accumulating more gold since the US Stock market is getting record highs and gold prices dropping but it created frenzy and broke record highs in purchasing gold. Eastern Central banks have purchased a staggering 580 tons of physical gold in just 7 trading days in June 2013, this means Eastern Central banks just purchased a stunning 25% of the worlds annual gold mine production being the largest purchase of gold during a 7 trading day span in history.