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8/13/2019 World Money Show 2014
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usfunds.com
January 2014 14-051
usfunds.com
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Performance and Results Oriented
Winner of 29 Lipper performance awards,certificates and top rankings since 2000
(Four out of 13 U.S. Global Investors Funds received Lipper performance awards
from 2005 to 2008, six out of 13 received certificates from 2000 to 2007,
and two out of 13 received top rankings from 2009 to 2010.)
Investment leadership results in performance
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Focus on Education
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54 MFEA STAR Awards for Excellence in Education
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Tipping Points, Melting PointsH2O is Like Money
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Ice Turns to Water at 32, but Sti ll H2O
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7 Billion People Tipping PointCenturies to Decades to a Decade for a Bil lion People
1970
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Facebook Use Around the World1.2 Billion People Connected Without Passports!
6
See Disclosures pages for any holdings in U.S. Global Investors Funds.
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Every American Born Will Need
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November 22, 2013
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Did You Know?
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India has
600 mill ion peopleunder the age of 25
Thats 2 times
the entire populationof the U.S.
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New Freedoms in Myanmar CreateOpportunity for Neighboring Thailand
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President Barack Obama
Hillary Rodham Clinton (Secretary of State)
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Thailand Stock Market Up 42 PercentUnder New Prime Minister
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Yingluck Shinawatra
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President Obama Meets with Prime MinisterYingluck Shinawatra of Thailand
11
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President Obama is Asked by Prime Minister YingluckShinawatra of Thailand to Attend Dinner Function
12
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President Obama Follows Prime MinisterYingluck Shinawatra of Thailand to Dinner
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President Obama Enjoys Dinner with PrimeMinister Yingluck Shinawatra of Thailand
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Government Policy Model Precursor for Change
President Barack ObamaBen Bernanke, Chairman
of the Federal Reserve
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Emerging World Holds 50% of theGlobal Population, Just 23% of GDP
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Compare E7 vs G7 Money Supply GrowthEmerging Worlds Money Supply is Robust
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Follow the MoneyPresidential Election Cycle
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Government Policy Is a
Precursor to ChangeMarch 2009
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Follow the Money
Equities and Gold Have Outperformed Bonds
20
See Disclosures pages for any holdings in U.S. Global Investors Funds.
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Holmes Macro Trends Fund 2013 Performance
659 Basis Points of Outperformance
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See performance page for complete fund performance.
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Its Not the Political Party,Its the Political Policies
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Its Not the Political Party,
Its the Political PoliciesDeclining Value of the U.S. Dollar Since 1970
24
Alan Greenspan Ben BernankeRichard Nixon
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The Spotty Track Record of the FederalReserves Economic Projections
Alan Greenspan Ben Bernanke
25
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Gordon Brown vs. Gold Never Held Accountable for $10 Bill ion Error
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Gordon Brown
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The New Camelot: China
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President Xi Jinping and Peng Liyuan
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Chinas PMI Continues to Expand
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August 26, 2013August 2, 2013
March 5, 2013
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Backdrop of Rising Global PMIs
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The Trend is Your Friend
G3 PMIs and Base Metal Demand
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f d
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Global Trend is Your Friend PMI and Commodities Relationship
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Past performance is no guarantee of future results.
f d
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Contrarian Thinking Energy and MaterialsFund Holdings in Europe at 6-Year Lows
Energy and Materials Fund Holdings in Europe at 6-Year Lows
Active Weight
Source:HSBC, EPFR, U.S. Global Investors
-4%
-2%
0%
2%
4%
6%
AUG-06
Energy
Materials
AUG-07 AUG-08 AUG-09 AUG-10 AUG-11 AUG-12
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Europes GDP Expected to Rise OverNext 12 Months Good for Energy Demand
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Contrarian Ideas Global MaterialsSimilar to 2008, Shortly Before Global Materials Stocks Took Off
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Source: Bank of America Merrill Lynch, U.S. Global Investors
Opportunity
Past performance does not guarantee future results.
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Energy and Materials Rose 25 Percent in 2013
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Past performance does not guarantee future results.
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Euroland and U.S. Lead in
Positive Economic Surprises
37
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Demand for Oil Remains Strong
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Cleaner, Greener ChinaAugust 7, 2013
See Disclosures pages for any holdings in U.S. Global Investors Funds.
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Record Crude Imports into China
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Global Oil Demand and Global
PMIs Are Highly Correlated
40
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OPECs Spare Capacity Is Below
5 Percent of Global Production
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Chinas Changing Urban Consumption
42
How they spend it in China
February 13, 2013
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Emerging High-Speed
Rail Hub Cities
43
Frank HolmesHigh Speed Train, China
2014
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High-Speed Rail is a Growth
Opportunity for U.S. Companies
44
2014
See Disclosures pages for any holdings in U.S. Global Investors Funds.
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Gold Demand Drivers
45
Elvis Presley
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Driver: The Fear Trade
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Monetary Fiscal
President Barack ObamaBen Bernanke, Chairman
of the Federal Reserve
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Follow the Money Global Liquidity
Boom Good for Gold and Emerging Markets
47
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Global Money Supply Influencing Gold PricesLending Regulations Slow the Velocity of Money,Which Prevents Money Supply from Growing
48
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Major Divergence in the Price of Gold
Compared to Feds Balance Sheet with 3 QEs
49
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ShadowStats Economists Suggest the
Real Inflation Rate is 5%, Not 1.5%
50
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Low Real Interest Rates Historically
Fuel Gold, Silver and Oil
51
Tipping Point for Gold
2%
Gold & silver perform well inlow or negative real interest
rate environments
+2%
Source: Bloomberg Finance LP, Deutsche Bank, U.S. Global Investors
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Great Roll Over or Rip Off Creates Opportunity
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March 2013
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Short Term Headwind for Gold
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December 2013
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Massive Liquidation of Financial Gold
54
See Disclosures pages for any holdings in U.S. Global Investors Funds.
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Gold ETF Observations
Selling Declining with Lower Prices
55
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Chinas Increasing
Appetite for Gold
56
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Indian Premiums and Import Taxes BringEquivalent Gold Price to $1,632 Per Ounce
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October 25, 2013
Source: www.goldchartsrus.com, U.S. Global Investors
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Silver ETF Observations
Buying with Lower Prices
58
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O
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Platinum ETF Observations
Buying Rises with Lower Prices
59
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Driver: The Love Trade
61
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Gold Love TradeStrong Correlation Between Rising Incomes and Gold Price
62
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Chinas Increasing Jewelry Demand
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Managing Expectations
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Managing Expectations
Gold Seasonality
Past performance is no guarantee of future results.
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Holidays Drive Gold Demand
65
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Gold Does Not Look Like a Bubble
66
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Predicting Attractive Tops and Bottoms
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Predicting Attractive Tops and Bottoms
Easier in South Beach vs. Markets
67
Priority
Reading
MoneyMagazine
usfunds.com
Managing Expectations Gold Oversold
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Managing Expectations Gold Oversold
in the Year-over-Year Rolling Oscil lator
68
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Contrarian Mode
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Contrarian Mode
Short Squeeze to Drive Gold Rally?
69
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Golds Double Bottom Forming?
71
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Only 3 Times in 3 Decades Gold
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Only 3 Times in 3 Decades Gold
Stocks Declined 3 Consecutive Years
72
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Gold Stocks/Gold Ratio Shows
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Go d Stoc s/Go d at o S o s
Gold Stocks Undervalued
73
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Gold Stocks at Historically
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y
Low Cash Flow Multiples
74
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Managing Expectations Yearly Volatility
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g g p y y
The Math
View the presentation Anticipate Before You Participate atwww.usfunds.com/investor-resources/publications/research
Rolling 1 Year
NYSE Arca Gold
BUGS Index (HUI)36.4%
WTI Crude Oil 34.7%
MSCI Emerging Markets (MXEF) 30.5%
S&P 500 Index (SPX) 17.7%
Gold Bul lion 17.6%
12-month rolling volatility of
price action over 10-year period
Standard Deviation (as of 12/31/13) based on 10-Year Data
usfunds.com
Reasons for Active Management
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g
Annual Rotation in Leadership
76
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An American Energy Renaissance
Download Your FreeCopy of Our New
Special Energy Reportat usfunds.com
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Fund Performance
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Fund Performance
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Disclosures
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Disclosures
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M1 Money Supply includes funds that are readily accessible for spending. M2 Money Supply is a broad measure of money supply that includes M1
in addition to all time-related deposits, savings deposits, and non-institutional money-market funds. M3 money supply is the broadest monetary
aggregate, including physical currency, demand accounts, savings and money market accounts, certificates of deposit, deposits of eurodollars and
repurchase agreements. Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the
higher the deviation. Standard deviation is also known as historical volatility.
Holdings in the Holmes Macro Trends Fund as a percentage of net assets as of 12/31/2013: Facebook 0.88%, iShares Core Total US Bond ETF0.00%, McDonalds 0.00%, Starbucks 2.10%, Enric 0.00%, SPDR Gold Trust 0.00%.