usfunds.

com
1.800.US.FUNDS
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Opportunities in Resources and Emerging Markets
Frank Holmes, CEO and Chief Investment Officer




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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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Fund Recognition:
2 Funds in the Top 12 Percent for 10-Year Period
3
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Based on Risk-Adjusted Return
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Focus on Education
5
43 MFEA STAR Awards for Excellence in Education
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Branding Education
6
Investor Alert and Advisor
Alert are key communication
tools
Our original, award-winning
educational content is in high
demand from investors via
email, website, social media
platforms, apps
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Are YOU Reading U.S. Globals Investor Alert?
Jim Cramer Is.
7
Tweeted to his loyal 600,000 readers
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The Dow Then And Now
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The Dow Then And Now
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The Dow Then And Now
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The Dow Then And Now
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The Dow Then And Now
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The Dow Then And Now
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Presidential Election Cycle
Follow the Money
14
Government Policy Is a
Precursor to Change
March 2009
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A Case for Commodities
in a Rising Rate Environment
Download Your Free
Copy of Our New
Special Commodities
Report at usfunds.com

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Where Does Gold Come From?
Interactive Map at www.usfunds.com
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Thailand Stock Market Up 42 Percent
Under New Prime Minister
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President Obama Meets with Prime Minister
Yingluck Shinawatra of Thailand
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President Obama Meets with Prime Minister
Yingluck Shinawatra of Thailand
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President Obama Meets with Prime Minister
Yingluck Shinawatra of Thailand
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President Obama Meets with Prime Minister
Yingluck Shinawatra of Thailand
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Government Policy Model
Precursor for Change
President Barack Obama
Ben Bernanke, Chairman
of the Federal Reserve
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Emerging World Holds 50% of the
Global Population, Just 23% of GDP
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Compare E7 vs G7 Money Supply Growth
Emerging Worlds Money Supply is Robust
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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 Policies
Declining Value of the U.S. Dollar Since 1970
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Alan Greenspan Ben Bernanke Richard Nixon
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Follow the Money
Equities and Gold Have Outperformed Bonds
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Tipping Points, Melting Points
H
2
O is Like Money
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Ice Turns to Water at 32, but Still H
2
O
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Gold Does Not Look Like a Bubble
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In Percent Terms,
GLD Lost More, But
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7/18/2013
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Facebook and Apple Lost More
Money for Investors than Gold ETF
33
7/18/2013
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Even After a 2 Year Gold Selloff, Investors Are Ahead
With 10 Percent Weighting in Our Gold Funds
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The chart illustrates the performance of a hypothetical $10,000 investment made in the funds and strategy during the depicted time frame. Figures include
reinvestment of capital gains and dividends, but the performance does not include the effect of any direct fees described in the funds prospectus (e.g.,
short-term trading fees) which, if applicable, would lower your total returns. This hypothetical portfolio is presented for educational and illustrative purposes
only and is not a recommendation to engage in any particular investment strategy. Past performance does not guarantee future results.
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Massive Liquidation of Financial Gold
35
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Contrarian Tool
Gold Net Commercial Position
36
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Contrarian Investing
Market Vane Bullish Consensus
37
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Shorting Gold is a Crowded Trade
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Managing Expectations
Year-over-Year Rolling Oscillator
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Massive Redemptions in Emerging Market
Equity and Bond Fund Flows
40
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Fear of QE3 Slowing Triggered
Massive Outflows in Funds
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Ben Bernanke
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Although Yields on Long-Term Bonds and Mortgages
Rose, Money Markets Remained Unchanged
42
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The Spotty Track Record of the Federal
Reserves Economic Projections
Alan Greenspan Ben Bernanke
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Formation of Capital Model is Changing
Fund Flows and Growth in Assets 2008-2012
44
Source: Investment Company Institute
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Managing Expectations Yearly Volatility
The Math
View the presentation Anticipate Before You Participate at
www.usfunds.com/investor-resources/publications/research
Rolling 1 Year
NYSE Arca Gold
BUGS Index (HUI)
35.7%
WTI Crude Oil 34.8%
MSCI Emerging Markets (MXEF) 30.6%
S&P 500 Index (SPX) 17.5%
Gold Bullion 15.2%
12-month rolling volatility of
price action over 10-year period
Standard Deviation (as of 6/30/13) based on 10-Year Data
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Card Counting Allowed
Managing Expectations Anticipate Before You Participate
Measuring Monthly Volatility
Number of
+10% Moves
Number of
-10% Moves
Frequency of
10% Moves
NYSE Arca Gold BUGS Index (HUI) 468 323 30%
WTI Crude Oil 401 276 26%
MSCI Emerging Markets (MXEF) 135 174 12%
Gold Bullion 126 71 8%
S&P 500 Index (SPX) 33 68 4%
Calculated over rolling 20-trading day periods. Based on approximately 2,550 total occurrences over the past 10 years as of 6/30/2013.
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Gold Demand Drivers
47
Elvis Presley
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Follow the Money Global Liquidity
Boom Good for Gold and Emerging Markets
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Follow the Money Unprecedented
Cash Injections from Central Banks
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Global Money Supply Influencing Gold Price
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Central Banks Remain
Net Buyers of Gold
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Low Real Interest Rates Historically
Fuel Gold, Silver and Oil
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Tipping Point for Gold
2%
Gold & silver perform well in
low or negative real interest
rate environments
+2%
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Great Roll Over or Rip Off Creates Opportunity
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Gold and U.S. Real Rates
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10-Year Rolling Average CPI
Since 1972 is 2.43%
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Manipulation of CPI Calculation?
9.38% vs. 1.75% Debate
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Frugal American Household
Financial Obligations Ratio
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U.S. GDP
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Gold Would Need to Be Much Higher
to Cover U.S. Money Supply
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Gold in Rupee Terms Is Up
58% Over Past Three Years
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Driver: The Love Trade
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Gold Love Trade
Strong Correlation Between Rising Incomes and Gold Price
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Managing Expectations
Gold Seasonality
Past performance is no guarantee of future results.
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Holidays Drive Gold Demand
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Will Gold Follow Its Seasonal
Pattern This Year?
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September 9, 2013
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Chinas Increasing Jewelry Demand
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All Known ETF Holdings
of Financial Gold Bullion Falls
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Spot Gold Higher than Future
Due to Robust Physical Demand
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April Gold Slide Shifts Owners from
Weak Hands to Strong Hands
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Chinas Rush to Buy
Gold on Lower Prices
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May 3, 2013
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Gold Net Commercial Position
Where is the Physical Gold?
71 71
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Chinas Rush to Buy
Gold on Lower Prices
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August 9, 2013
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Follow the Money (Gold) to China
China Consumes Almost 100% of Worlds Gold Mine Production
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Gold Stocks/Gold Ratio Shows
Gold Stocks Undervalued
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Gold Companies Are Getting Leaner with Write-Downs
of $23.1 Billion, which Has Impacted Gold Equity Funds
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The Replacement Cost for an Ounce Of Gold is $1500
with $1700 as a Sustainable Number (2012) So
Under $1500 Many Projects Will Not Come on Stream
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+3 Million Ounce Discoveries
Becoming Scarce and Expensive
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Gold Exploration Spending Has
Skyrocketed Without True Success
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At $9 billion/year plus replacement
requirements of 90 Million oz/year
a discovery cost of $100/oz is
needed. This is low.
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CEOs Replaced as Growth
Promise Unfulfilled
Barrick Gold
$20 billion spent to grow
Production down 15%
Market Capitalization $20 billion
Newmont Mining
$16 billion spent to grow
Production down 34%
Market Capitalization $16 billion
Kinross Gold
$6.5 billion in writedowns
last two years
Market Capitalization $6 billion



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Last 10
Years
At least 20 mining CEOs have stepped down in the last year.
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Gold Mining Dividends Grew
Faster than Price of Gold
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Past performance is no guarantee of future results.
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Gold Stocks at Historically
Low Cash Flow Multiples
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Most Gold Stocks Are Yielding
More than 5-Year Government Note
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Past performance is no guarantee of future results.
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GROW Performance Past Twelve Months
Correlated with Gold Stocks
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Past performance does not guarantee future results.
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GROW: Best Performer Since June 30
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Past performance is no guarantee of future results.
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Opportunities in Emerging Markets
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Chinas Historic GDP Growth
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Price Reversal
Chinese Stocks Undervalued
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Chinese Stocks Looking Like a Bargain
October 22, 2012
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The New Camelot
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President Xi J inping and Peng Liyuan
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Chinese Manufacturing Index
Breaks Out!
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Leading Indicators Suggest a Near-Term
Increase in Chinese Growth Data
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Demand for Oil Remains Strong
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Cleaner, Greener China
August 7, 2013
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Chinese Crude Oil Imports
Surge to New Record High
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Source: Weldon
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Chinese Copper Imports
Rise for Third Straight Month
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Source: Weldon
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Chindia Dominates Gold Demand
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Chinas Changing Urban Consumption
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How they spend it in China
February 13, 2013
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Time to Own the Most Underowned
Areas of the Market?
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Euroland and U.S. Lead in
Positive Economic Surprises
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Europes GDP Expected to
Rise Over Next 12 Months
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Galileo High Income Plus Fund
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As of J une 30, 2013. The Galileo Funds are not offered for sale in the United States.
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0
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Fund Performance
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Disclosure
Please consider carefully a funds investment objectives, risks, charges and expenses. For this and other
important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS
(1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.

Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and
political risk. By investing in a specific geographic region, a regional funds returns and share price may be more volatile than those of a less
concentrated portfolio.

Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to
concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over
short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5%
to 10% of your portfolio in these sectors.

The Emerging Europe Fund invests more than 25% of its investments in companies principally engaged in the oil & gas or banking industries.
The risk of concentrating investments in this group of industries will make the fund more susceptible to risk in these industries than funds which
do not concentrate their investments in an industry and may make the funds performance more volatile. Because the Global Resources Fund
concentrates its investments in a specific industry, the fund may be subject to greater risks and fluctuations than a portfolio representing a
broader range of industries.

Tax-exempt income is federal income tax free. A portion of this income may be subject to state and local income taxes, and if applicable, may
subject certain investors to the Alternative Minimum Tax as well. Each tax free fund may invest up to 20% of its assets in securities that pay
taxable interest. Income or fund distributions attributable to capital gains are usually subject to both state and federal income taxes. Bond
funds are subject to interest-rate risk; their value declines as interest rates rise. The tax free funds may be exposed to risks related to a
concentration of investments in a particular state or geographic area. These investments present risks resulting from changes in economic
conditions of the region or issuer.

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Disclosure
Morningstar Ratings are based on risk-adjusted return.

The Morningstar Rating for a fund is derived from a weighted-average of the performance
figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance does not guarantee future
results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted
Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads, and redemption fees),
placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars,
the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share
class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution
percentages.)

The Bangkok SET Index is a capitalization-weighted index of all the stocks traded on the Stock Exchange of Thailand. The Nasdaq Composite
Index is a capitalization-weighted index of all Nasdaq National Market and SmallCap stocks. The S&P 500 Stock Index is a widely recognized
capitalization-weighted index of 500 common stock prices in U.S. companies. The COMEX is a commodity exchange in New York City formed by
the merger of four past exchanges. The exchange trades futures in sugar, coffee, petroleum, metals and financial instruments. The Market Vane
Bullish Consensus measures the futures market sentiment each day by following the trading recommendations of leading commodity trading
advisors. The Philadelphia Stock Exchange Gold and Silver Index (XAU) is a capitalization-weighted index that includes the leading companies
involved in the mining of gold and silver. The NYSE Arca Gold Miners Index is a modified market capitalization weighted index comprised of
publicly traded companies involved primarily in the mining for gold and silver. The index benchmark value was 500.0 at the close of trading on
December 20, 2002.

The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and
services purchased by individuals. The weights of components are based on consumer spending patterns. 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.

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Disclosure
The FTSE Gold Mines Index Series encompasses all gold mining companies that have a sustainable and attributable gold production of at least
300,000 ounces a year, and that derive 75% or more of their revenue from mined gold. The Morgan Stanley Commodity Related Index (CRX) is
an equal-dollar weighted index of 20 stocks involved in commodity related industries such as energy, non-ferrous metals, agriculture, and forest
products. The index was developed with a base value of 200 as of March 15, 1996. The MSCI Emerging Markets Index is a free float-adjusted
market capitalization index that is designed to measure equity market performance in the global emerging markets.

The NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index (HUI) is a modified equal dollar weighted index of companies involved in
gold mining. The HUI Index was designed to provide significant exposure to near term movements in gold prices by including companies that do
not hedge their gold production beyond 1.5 years. The Purchasing Managers Index is an indicator of the economic health of the manufacturing
sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment
environment. The S&P/TSX Venture Composite Index is a broad market indicator for the Canadian venture capital market. The index is market
capitalization weighted and, at its inception, included 531 companies. A quarterly revision process is used to remove companies that comprise
less than 0.05% of the weight of the index, and add companies whose weight, when included, will be greater than 0.05% of the index. The Steel
Index (TSI) iron ore index provides market data for iron ore pricing based on spot market transaction data.
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Disclosure
Holdings in the U.S. Global Investors Funds mentioned as a percentage of net assets as of 6/30/2013: Agnico Eagle Mines (Gold and Precious
Metals Fund 2.10%, World Precious Minerals Fund 2.49%); Alamos Gold (Global Resources Fund 0.20%, Gold and Precious Metals Fund
1.55%, World Precious Minerals Fund 1.62%); Anglogold Ashanti (Gold and Precious Metals Fund 0.01%, World Precious Minerals Fund
0.01%); Apple 0.00%; Aurico Gold (Gold and Precious Metals Fund 0.95%, World Precious Minerals Fund 0.46%); Barrick Gold (Gold and
Precious Metals Fund 2.18%, World Precious Minerals Fund 0.12%); Cia De Minas Buenaventura (Gold and Precious Metals Fund 0.34%);
Eldorado Gold (Gold and Precious Metals Fund 0.19%, World Precious Minerals Fund 0.12%); Enric 0.00%; Facebook 0.00%; Franco-Nevada
(Gold and Precious Metals Fund 2.30%, World Precious Minerals Fund 0.89%); Gold Fields (Gold and Precious Metals Fund 0.01%, World
Precious Minerals Fund 0.01%); Goldcorp (Global Resources Fund 1.89%, Gold and Precious Metals Fund 0.21%, World Precious Minerals
Fund 0.12%); Harmony Gold (Gold and Precious Metals Fund 1.95%, World Precious Minerals Fund 1.55%); Hecla Mining 0.00%; Iamgold (Gold
and Precious Metals Fund 0.07%, World Precious Minerals Fund 0.02%); Impala Platinum 0.00%; iShares Core Total US Bond 0.00%; iShares
Russell 2000 ETF 0.00%; Kinross Gold (Gold and Precious Metals Fund 1.00%, World Precious Minerals Fund 0.14%); Newcrest Mining (Gold
and Precious Metals Fund 1.56%); Newmont Mining (Gold and Precious Metals Fund 2.25%, World Precious Minerals Fund 0.06%); Pan
American Silver Corp (Gold and Precious Metals Fund 2.00%, World Precious Minerals Fund 0.25%); Randgold Resources (Global Resources
Fund 1.47%, Gold and Precious Metals Fund 0.06%, World Precious Minerals Fund 0.06%); Royal Gold (Gold and Precious Metals Fund
0.65%); Semafo (Gold and Precious Metals Fund 0.17%, World Precious Minerals Fund 0.15%); Silver Wheaton (Gold and Precious Metals
Fund 0.35%, World Precious Minerals Fund 0.28%); SPDR Gold Trust (GLD) (Gold and Precious Metals Fund 4.45%, World Precious Minerals
Fund 2.59%); SPDR S&P 500 ETF (All American Equity Fund 0.34%); SPDR S&P Global Natural Resources ETF 0.00%; Yamana Gold (Gold
and Precious Metals Fund 2.37%, World Precious Minerals Fund 1.54%)
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Disclosures
Investment Objective: The Gold and Precious Metals Fund is an actively managed mutual fund that focuses on gold and precious
metals producing companies. The World Precious Minerals Fund is an actively managed fund that focuses on junior and intermediate
precious metals exploration companies around the world.

The SPDR S&P 500 ETF Trust (SPY) is a passively managed fund that, before expenses, seeks to correspond generally to the price
and yield performance of the S&P 500 Index.

Liquidity: The Gold and Precious Metals Fund and World Precious Minerals Fund can be purchased or sold at a net asset value
(NAV) determined at the end of each trading day. The SPDR S&P 500 ETF can be purchased or sold intraday. These purchases and
redemptions may generate brokerage commissions and other charges not reflected in the ETFs published expense ratio.

Safety/Fluctuations of principal/return: Loss of money is a risk of investing in the Gold and Precious Metals Fund, the World
Precious Minerals Fund and the SPDR S&P 500 ETF. Shares of the three securities are subject to sudden fluctuations in value. The
SPDR S&P 500 ETF may also be subject to bid-ask premiums or discounts to net asset value (NAV) that could adversely affect a
shareholders actual returns.

Tax features: The Gold and Precious Metals Fund and World Precious Minerals Fund intend to make distributions that may be taxed
as ordinary income or capital gains. Under current federal law, long-term capital gains for individual investors in the fund are taxed at a
maximum rate of 15%.

For the SPDR S&P 500 ETF, long-term capital gain distributions will result from gains on the sale or exchange of capital assets held by
the fund for more than one year. Any long-term capital gains distributions you receive from a fund are taxable as long-term capital gain
regardless of how long you have owned your shares. Long-term capital gains are currently taxed at a maximum of 15%. Information
provided here is neither tax nor legal advice and is general in nature. Federal and state laws and regulations are subject to change.
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