I spoke with Sunny Pannu of Minaurum Silver at PDAC in Toronto in March 2017 about the results of India’s demonetization scheme and what has happened since the policy was imposed.

We discuss the damage caused by demonetization, the continuing effects on ordinary Indians, gold demand in India and China, and my outlook on the precious metals sector.

Watch the full discussion below:

Key Takeaways

• What happened after India’s demonetization scheme was imposed.
• How demonetization affected ordinary Indians, small businesses, and the informal economy.
• Why India’s monetary policy exposed deeper cultural and institutional problems.
• How gold demand in India and China reflects trust, savings behavior, and fear of paper money.
• Why precious metals remain important in a world of monetary and political uncertainty.
• What investors should consider when looking at the precious metals sector.