Hacker News Reader

Bogle advocates buying broad stock and bond indexes[1], so yes, he's down on gold too. But that doesn't stop Vanguard from offering a precious metals and mining fund [2] or actively managed funds[3].

[1] https://www.npr.org/2015/10/17/436993646/three-investment-gu...

[2] https://personal.vanguard.com/us/funds/snapshot?FundIntExt=I...

[3] https://investor.vanguard.com/mutual-funds/actively-managed

View on HN

Note that the Vanguard Precious Metals and Mining Fund (VGPMX) invests in companies that pursue "mining of or exploration for precious and rare metals and minerals" and that it's not a fund that invests in gold itself. Some investors say you should invest in gold because ... reasons ... but that's not what VGPMX does.

At the end of the day asset managers' offerings will reflect investor demand even if it disagrees with the personal outlook of firm leadership. Also worth noting that Bogle has been retired for a while and likely has little influence over Vanguard's product offerings.

Reply on news.ycombinator.com