U.S. Global to Host Post-Election Update on Potential Market Impact

Special guest Ian McAvity will join Frank Holmes to put current market events into historical perspective

SAN ANTONIO—October 21, 2010—Just hours after the final mid-term ballots are cast, U.S. Global Investors (Nasdaq: GROW) will host a special event to place the elections and other market events into historical perspective and offer insight into what they could mean for gold, commodities and world markets.

U.S. Global is honored to have market historian Ian McAvity put these recent events into context and share the invaluable perspective he has gained from four decades of spotting bulls and bears.

The special web presentation will be held on Wednesday, November 3, 2010, at 4:05 PM ET. To sign up for this free event or find out more information, please visit www.usfunds.com.

McAvity has been the editor of Deliberations newsletter since 1972 but that doesn’t begin to tell his story as a market sage. A regular guest of Louis Rukeyser’s PBS program, McAvity spotted the makings of a bull market in the early 1980s. Thirty years later, McAvity’s talented eye spotted the housing and credit crisis well before the bubbles popped.

McAvity is a chartist extraordinaire, who will share with the audience ways to identify where we are in several different cycles: The Debt Supercycle, the Presidential Election Cycle and the Gold Cycle.

“I believe that history and education are so important for investors to measure current events on a historical scale,” says Frank Holmes, U.S. Global Investors CEO and chief investment officer.  “It’s prudent to seek out the knowledge of those who’ve lived through these different cycles and we’re very honored to have Ian share his thoughts with us.”

“We believe government policies are a precursor to change, and as a result, we monitor and track the fiscal and monetary policies of the world’s largest countries both in terms of economic stature and population,” says Holmes. “Historical and socioeconomic cycles and applying both statistical and fundamental models for analysis are important elements of U.S. Global’s investment process.”

These and other investment disciplines have helped U.S. Global Investors navigate difficult and volatile markets and generate performance over the past decade.

The World Precious Minerals Fund (UNWPX) was ranked #26 of 7,428, #23 of 5,325 and #6 of 4,021 among all mutual funds for total return by Lipper for the 1-, 5- and 10-year periods ended September 30, 2010. The Gold and Precious Metals Fund (USERX) was ranked #91 of 7,428, #14 of 5,325 and #10 of 4,021 among all mutual funds for total return by Lipper for the 1-, 5- and 10-year periods ended September 30, 2010.

“Gold as an asset class has delivered for investors throughout the past decade and we think the fundamental drivers which have carried gold prices to record highs remain strong,” says Holmes. “The measures taken to combat the meltdown of the world’s financial system have created an environment of negative real interest rates, increased deficit spending and currency devaluation. The momentum of these factors isn’t something that can be reversed easily or in a short amount of time.”

“Our active approach led us to countries and regions many thought were still years away, but being on the ground floor in these places allowed us to recognize which countries had the right policies in place to take the next step,” says Mr. Holmes. “We will continue to seek out these overlooked areas for the best opportunities to provide results for our shareholders.”

About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is an SEC-registered investment adviser specializing in natural resources, emerging markets and global infrastructure. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients.

With an average of $2.56 billion in assets under management in the quarter ended June 30, 2010, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.