Nordic Funds | "This is not a cycle, it's a new world." – Eric Strand 2026 Keynote

Money printing, a weaponised dollar and a race for increasingly scarce metals. These are the forces Eric Strand, Lead Fund Manager & Founder of AuAg Funds, believes have led the world into a lasting shift rather than another cycle.

Closing day one on the main stage, he walks through deglobalisation, the third metal age and the rise of shareholder-friendly miners – and why AuAg believes the profits sit with the miners that own the metal still in the ground.

Valuable takeaways:

• Money printing is the long-term engine: when governments create more money to fund their deficits, real assets tend to be repriced upwards over time.
• Miners lagged partly because ETFs pulled capital away from them, and share dilution made their charts look worse than their underlying value.
• Electrification, AI, the power grid and defence all rely on metals. This unwavering, monumental and comprehensive reliance on metals is what Eric Strand calls the third metal age.