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<p>[QUOTE=&quot;desertgem, post: 2604022, member: 15199&quot;]Too much is being read into this ( surprise!) India is following what many nations have done, declare old bills worthless after a certain date. Either to change the wording or to revalue, yet keep the difference obscure, so the uninformed might get caught. True they are declaring current 100 and 500&nbsp; rupee cancelled at a certain date and replacing with new 500&nbsp; and 2000 Rupee notes. The ones with a slight problem are those who have bales of such notes and no documentation as to their origin , as well as counterfeit bills that wouldn&#039;t be accepted.&nbsp; </p><p><br /></p><p>&nbsp;&nbsp; Absolutely no reason I see to enter it as a factor to buy or sell precious metals.</p><p><a href="http://www.wsj.com/articles/india-to-phase-out-current-500-and-1000-rupee-bank-notes-1478619693" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.wsj.com/articles/india-to-phase-out-current-500-and-1000-rupee-bank-notes-1478619693" rel="nofollow">http://www.wsj.com/articles/india-to-phase-out-current-500-and-1000-rupee-bank-notes-1478619693</a>[/QUOTE]</p><p><br /></p>

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