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Dr. Peter Warburton, director of Economic Perspectives outlined last fall the three bear threats to the global economy and financial markets. He joins Silver Doctors to give us an update. While two have subsided for the moment, one remains unavoidable.
Warburton says the threat of a bond yield spike which would halt the economic recovery has subsided. While no longer an immediate threat, if inflation picks up, then so could bond yields.
There is a threat to the economy that is unavoidable. Rising interest rates is causing a refinancing cycle. Debt default cycles are coming, Warburton says.
In the midst of all this, Warburton says gold is going to be seen as a safer place to be. He discusses how the rise in the gold price could impact gold mining stocks.