In this discussion with SBTV / Silver Bullion, I discuss the day fiat currency became worthless in India, when the government suddenly demonetized large-denomination rupee notes.

The conversation examines India’s demonetization, gold, fiat money, state power, capital controls, and the fragility of paper currency when trust in government policy disappears. It also shows why gold remains a refuge when political decisions destroy confidence in money overnight.

Watch the full discussion below:

Key Takeaways

• Why India’s demonetization shows the fragility of fiat currency
• How government policy can destroy confidence in money overnight
• Why gold remains a safe haven when trust in paper currency collapses
• What demonetization reveals about state power, capital controls, and financial repression
• Why investors must think seriously about monetary risk, political risk, and personal financial sovereignty