It's really strange, considering that gold-smuggling has historically been the source of funding for assorted terrorist orgs.

Demonetization may turn out in hindsight to be a master stroke, but there are too many variables that are hidden.

There remains anonymous routes such as p-notes that are still open for "black-money" routing. Hawala is likely to be hit very hard by this. See Swamy's latest lecture,

https://www.youtube.com/watch?v=CMx1WtpAQ8Y