Global Sovereign Debt Markets Are Blowing Up as Governments Run Huge Deficits, Which the Author Sees as...

According to the author, global sovereign debt markets are blowing up as governments across the world run huge deficits.
Governments are all competing for the same global capital, which is increasingly demanding higher yields. The author says none of these governments can afford them.
In the author's view, rising yields combined with an inability to pay them is bullish for gold, and the author believes investors do not own enough gold for what is coming.