The David Lin Report Gold Price Breaks Record: $3,700 Next As Debt Explodes | Morgan Lekstrom
Aug 12, 2025
Morgan Lekstrom, CEO of NexMetals, offers insights into the gold market as prices rise due to currency devaluation and growing debt. He predicts gold could hit $3,700 this year and even reach $5,000 in two years. Lekstrom discusses the impact of tariffs on bullion imports and the importance of gold as a safe-haven asset. Additionally, he shares updates on mining projects in Botswana and emphasizes advancements in ore processing, positioning his company for future growth.
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Tariffs Tighten US Gold Supply
- Tariffs on bullion imports can reduce US gold supply and lift domestic prices.
- Lekstrom argues the Swiss kilo-bar tariff keeps metal in Switzerland, tightening US availability.
Watch The Week After Big Moves
- Watch the market in the week after major moves to see where futures and equities settle.
- Monitor producers first, then developers, as higher gold re-rates near-term assets.
Copper Volatility Hides Long-Term Shortage
- Copper's short-term swings reflect tariff shocks and arbitrage breakdowns, not vanished fundamentals.
- Lekstrom stresses long-term copper shortage due to insufficient new projects versus rising demand.