CNBC Asks Frank Holmes about Gold Miners

Author: USGI
Date Posted: June 5, 2013 Read time: 3 min

With gold miners witnessing strong declines in 2013, CNBC Fast Money called this area the “most horrible part of the market.”  Find out what Frank Holmes thinks is the catalyst for gold companies.

Watch the clip now.

 

 

Total Annualized Returns as of 3/31/13
  One-Year Five-Year Ten-Year Gross Expense Ratio
Gold and Precious Metals Fund -29.16% -6.16% 11.80% 1.61%

Expense ratios as stated in the most recent prospectus. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings.  Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund’s prospectus (e.g., short-term trading fees of 0.05%) which, if applicable, would lower your total returns. Performance quoted for periods of one year or less is cumulative and not annualized. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS.

Please consider carefully a fund’s 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.

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.

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.

Holdings in the All American, Global Resources, Gold and Precious Metals, and World Precious Minerals Funds as a percentage of net assets as of 3/31/13: Agnico Eagle Mines (All American Fund, 0.00%; Global Resources Fund, 0.00%; Gold and Precious Metals Fund, 2.90%; World Precious Minerals Fund, 3.40%), Alamos Gold (All American Fund, 0.00%; Global Resources Fund, 0.96%; Gold and Precious Metals Fund, 1.90%; World Precious Minerals Fund, 1.95%); Barrick Gold (All American Fund, 0.00%; Global Resources Fund, 2.03%; Gold and Precious Metals Fund, 2.61%; World Precious Minerals Fund, 0.73%); Dundee Precious Metals, (All American Fund, 0.00%; Global Resources Fund, 0.61%; Gold and Precious Metals Fund, 6.08%; World Precious Minerals Fund, 4.21%); Franco Nevada (All American Fund, 0.00%; Global Resources Fund, 0.06%; Gold and Precious Metals Fund, 3.17%; World Precious Minerals Fund, 1.33%), Newmont Mining (All American Fund, 0.00%; Global Resources Fund, 2.12%; Gold and Precious Metals Fund, 1.76%; World Precious Minerals Fund, 0.19%); Randgold Resources (All American Equity Fund, 0.93%; Global Resources Fund, 1.07%; Gold and Precious Metals Fund, 0.16%; World Precious Minerals Fund, 0.20%); Silver Wheaton (All American Fund, 0.00%; Global Resources Fund, 0.00%; Gold and Precious Metals Fund, 4.39%; World Precious Minerals Fund, 3.53%); Yamana Gold (All American Fund, 0.00%; Global Resources Fund, 0.00%; Gold and Precious Metals Fund, 3.76%; World Precious Minerals Fund, 2.23%)