I've been in this fund since 1992 ... it was about $7 per share then. No one cared about commodities... Added all the way up thru $30 then when Gold tanked in late 08' (down 30%) this stupid fund fell to under $10!!!! OMG! Found out that Coal was the new gold in their minds... and we got burned. I was in this fund for the PRECIOUS part of the title... not the "MINING" of what ever they feel like part. PLEASE --- if you are reading this VANGUARD - Start a new fund with just precious metals mining companies, or at least make over half your holdings in them!