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Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

Vanguard Bows Out of Gold – Is A Rally Ahead?

August 14, 2018

Earlier this month, Vanguard announced that it was removing “precious metals” from the name of its $2.3 billion Precious Metals and Mining Fund (VGPMX) and reducing its allocation to precious metals to just 25 percent. This could be a sign that gold has finally found a bottom, since the world’s largest fund company is moving away from the space. Frank Holmes explains that, back when gold was also near a bottom in 2001, and the company removed “gold” from what was then the Vanguard Gold and Precious Metals Fund. That change coincided with a decade-long precious metals bull market.

Could this mean there is yet another gold bull market in the works? No one can say for sure, of course, but the timing of this large fund shakeup is interesting. For Frank’s full explanation about what this means for gold investors, watch the video below!

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the article were held by any accounts managed by U.S. Global Investors as of 6/30/2018.

Net Asset Value
as of 11/15/2018

Global Resources Fund PSPFX $4.86 0.06 Gold and Precious Metals Fund USERX $6.41 0.13 World Precious Minerals Fund UNWPX $3.16 0.01 China Region Fund USCOX $8.21 0.18 Emerging Europe Fund EUROX $6.33 0.07 All American Equity Fund GBTFX $24.92 0.09 Holmes Macro Trends Fund MEGAX $18.50 0.09 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change