Gold had a good year in 2009. Tom Winmill’s Midas Fund had an even better one.
The $125 million fund, which invests in companies that mine or process metals or other commodities, rose 83 percent last year. That return beat 95 percent of the fund’s peers, according to data compiled by Bloomberg. This year, the fund dropped 7.6 percent through Feb. 10. Its average annual return was a decline of 4.8 percent over three years and a gain of 13.5 percent for five years.
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