In this article for Acting-Man, I continue my analysis of India’s demonetization and the fear now gripping the bullion market.

Modi’s currency ban has thrown India’s economy into chaos. Cash has disappeared, banks and ATMs are failing to meet demand, small businesses are suffering, and ordinary Indians are being driven into desperation. Gold remains one of the few forms of wealth people still understand and trust, even as the state moves toward deeper financial repression and control.

Read the archived article at Acting-Man via the Wayback Machine →