When gold hits an all time record and silver has an even higher percentage gain today (though not near it's record)...this fund goes down!!!
I know it holds other metals and associated(?)stocks, but this stinks! Been watching this pattern for years. I would get rid of all of it, except for a big tax hit in a single year. (I did get rid of some earlier this year when it was higher.) Is anyone else doing the same?
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!