Most investors, large and small, make only limited use of metal coins and bars in their portfolios -- the most favored precious metals investment vehicles are mining company stocks and the mutual funds which invest in them. Aside from Morningstar's mutual fund database, which constitutes only a limited number of funds going back as far as 1976, I'm not aware of a time series for a reliable index of precious metals equities. Is anyone aware of reliable total return time series data for precious metals equity, preferably derived from COMPUSTAT or CRSP data?
If you are, please contact Efficient Frontier at firstname.lastname@example.org.
William J. Bernstein
copyright (c) 1996, William J. Bernstein