U.s. Global Investors, Inc. · NASDAQ:GROW

U.s. Global Investors — Vancouver Presentation Keynote 2017

54 slides from U.s. Global Investors's conference presentation, January 2017

  1. Slide 1: Frank Holmes, CEO and Chief Investment Officer

    Cor 2 : si “Ti nats bot OFT THE 4 QUANTS P Shen eee areata [ (# Frank Holmes, CEO and Chief Investment Officer Cees §6rusfunds.com @ 1.800.US.FUNDS

  2. Slide 2: Gold Surged in 2016

    GOLD SURGED .6% IN 2016

  3. Slide 3: Sharing Gold Insights with CNBC and Bloomberg Television

    usfunds.com Sharing Gold Insights with CNBC and Bloomberg Television Who Are Usually Negative on Gold usfunds.com 3 January 2017 | 17-040

  4. Slide 4: Gold Does Not Look Like a Bubble

    usfunds.com Gold Does Not Look Like a Bubble usfunds.com 4 January 2017 | 17-040

  5. Slide 5: Relative Performance of Gold and Silver Equities Vs. Metal Price From 2001

    usfunds.com Relative Performance of Gold and Silver Equities Vs. Metal Price From 2001 usfunds.com 5 January 2017 | 17-040

  6. Slide 6: Driver: The Fear Trade

    usfunds.com Driver: The Fear Trade Janet Yellen, Chairman President Donald Trump of the Federal Reserve usfunds.com 6 January 2017 | 17-040

  7. Slide 7: Fear Trade: Gold Rebound Linked to Fall in Real Interest Rates

    usfunds.com Fear Trade: Gold Rebound Has Been Linked to Fall in Real Interest Rates usfunds.com 7 January 2017 | 17-040

  8. Slide 8: Fear Trade: Inverse Relation Between Real Interest Rates and Gold, 2015 vs 2016

    usfunds.com Fear Trade: The Inverse Relation Between Real Interest Rates and the Price of Gold Compare Aug 2015 vs Aug 2016 usfunds.com 8 January 2017 | 17-040

  9. Slide 9: Fear Trade: Inverse Relation Between Real Interest Rates and Gold, Dec

    usfunds.com Fear Trade: The Inverse Relation Between Real Interest Rates and the Price of Gold Compare Dec 2015 vs Dec 2016 usfunds.com 9 January 2017 | 17-040

  10. Slide 10: Negative Real Interest Rates Are Good For Gold

    usfunds.com Negative Real Interest Rates Are Good For Gold January 2017 5-Year Inflation Return Treasury Yield 2.1% -0.13% 1.97% Source: Bloomberg, U.S. Global Investors usfunds.com 10 January 2017 | 17-040

  11. Slide 11: Monthly Inflation: 1872 to Present

    dshort.com Monthly Inflation: 1872 to Present January 2017 Bureau of Labor Statistics Annualized Inflation Rate = 2.07% 2496 ww WWII Inflation 20% Inflation with price Stagflation of the SS control ‘70s and early ‘80s Interlude 169 NX 12% 10-Year Moving “ Average = 1.77% 4% 4% This chart shows the o

  12. Slide 12: Low Real Interest Rates Historically Fuel Gold & Silver

    usfunds.com Low “Real” Interest Rates Historically Fuel Gold & Silver 2% Tipping Point for Gold Gold & silver perform well in low or negative real interest rate environments usfunds.com 12 January 2017 | 17-040

  13. Slide 13: Facebook Use Around the World

    usfunds.com Facebook Use Around the World 1.7 Billion People Connected Without Passports! THE INTERNET GAVE US BIG DATA THE CLOUD GAVE US MASSIVE COMPUTING AND IT’S GETTING MUCH, MUCH BIGGER… usfunds.com January 2017 | 17-040

  14. Slide 14: Increasingly Everything Will Be Connected to Everything

    INCREASINGLY EVERYTHING WILL BE CONNECTED TO EVERYTHING 50 BILLION | “Smart Objects” Rapid Adoption rate of digital infrastructure: SX faster than electricity and telephony Inflection point 8 BILLIONS | World Population Source: Cisco 14

  15. Slide 15: What Is Machine Learning?

    WHAT IS MACHINE LEARNING? AN ALGORITHM THAT CAN LEARN FROM DATA WITHOUT RELYING ON RULES-BASED PROGRAMMING Database

  16. Slide 16: Top Gold Names Based on SG&A-to-Revenue

    usfunds.com Top 10 Gold Names Based on SG&A-to-Revenue 1st Quarter 2016 Quant 88% GDX vs Combined 46% Return usfunds.com 16 January 2017 | 17-040

  17. Slide 17: The Rise of Robo Asset Allocation

    17 The Rise of Robo Asset Allocation: Understanding This Switch in the Investment World ANNI q © VY is an acronym for @ y ) ALEX Advanced Neural Network Investing > w by allacronyms.com

  18. Slide 18: Hypothetical portfolio of gold stocks selected based on REV/SGA

    *Hypothetical portfolio of 10 gold stocks selected based on REV/SGA As of Dec 2016 18

  19. Slide 19: Canadian Dollar and Russian Ruble Track Oil Prices

    usfunds.com Canadian Dollar and Russian Ruble Track Oil Prices usfunds.com 19 January 2017 | 17-040

  20. Slide 20: Gold's Performance in Various World Currencies Since 2011 Peak

    usfunds.com Gold’s Performance in Various World Currencies Since 2011 Peak $1,900/oz +169% +115% +108% +81% usfunds.com 20 January 2017 | 17-040

  21. Slide 21: Gold's Performance in Various World Currencies

    usfunds.com Gold’s Performance in Various World Currencies Past 12 Months +110% +109% +106% +96% usfunds.com 21 January 2017 | 17-040

  22. Slide 22: The Periodic Table of Commodity Returns

    TheThe Periodic Table Periodic of Commodity Table Returns of Commodity Returns 22

  23. Slide 23: The Periodic Table of Commodity Returns

    TheThe Periodic Table Periodic of Commodity Table Returns of Commodity Returns 23

  24. Slide 24: Each Asset Class Has Its Own DNA of Volatility

    usfunds.com Each Asset Class Has Its Own DNA of Volatility Standard deviation based on 10-year daily data as of 12/31/2016 Daily Rolling 1 Year NYSE Arca Exchange Gold BUGS Index ±3% ±40% WTI Crude Oil ±3% ±38% Gold Bullion ±1% ±19% S&P 500 Index (SPX) ±1% ±18% Euro ±1% ±10% Canadian Dollar ±1% ±10%

  25. Slide 25: Gold's Heartbeat: Reverts to the Mean, Sigma = 7%

    usfunds.com Gold’s Heartbeat: Historically Gold Reverts to the Mean 1 Sigma = 7% usfunds.com 25 January 2017 | 17-040

  26. Slide 26: Gold's Heartbeat: Reverts to the Mean, Sigma = 19%

    usfunds.com Gold’s Heartbeat: Historically Gold Reverts to the Mean 1 Sigma = 19% usfunds.com 26 January 2017 | 17-040

  27. Slide 27: Global PMI — Upturn May Be Good for Commodity Demand

    usfunds.com Global PMI — Upturn May Be Good for Commodity Demand January 06, 2017 usfunds.com 27 January 2017 | 17-040

  28. Slide 28: Gold Demand Drivers

    usfunds.com Gold Demand Drivers Elvis Presley usfunds.com 28 January 2017 | 17-040

  29. Slide 29: Chindia Accounts for More Than Half of Global Gold Jewelry Demand

    usfunds.com “Chindia” Accounts for More Than Half of Total Global Gold Jewelry Demand in 2015 usfunds.com 29 January 2017 | 17-040

  30. Slide 30: Gold's Love Trade: Cultural Celebrations Prompting Gold Purchases

    usfunds.com Gold’s Love Trade: Cultural Celebrations Prompting the Purchase of Gold usfunds.com 30 January 2017 | 17-040

  31. Slide 31: Seasonal pattern of highest and lowest gold prices

    The seasonal pattern shows historical tendency of when the highest and lowest prices occurred, based on analysis of daily prices collected over the last 5, 15 and 30 years by Moore Research Center, Inc. 31

  32. Slide 32: Did You Know?

    DID YOU KNOW? NDIA HAS**" 600 MILLION DEC)P = UNDER THE AGE OF 25 THAT’S 2 TIMES THE ENTIRE POPULATION ~* OF THE U.S. 32

  33. Slide 33: 33

    33

  34. Slide 34: Did You Know? Indian Households Hold the World's Largest Private Gold

    DID YOU KNOW? INDIAN HOUSEHOLDS HAVE THE WORLD’S LARGEST PRIVATE GOLD HOLDINGS AT 23,000 TONNES 34

  35. Slide 35: Indian Households Own More Gold Than Top Six Central Banks

    usfunds.com Indian Households Own More Gold Than Top Six Central Banks In Tonnes usfunds.com 35 January 2017 | 17-040

  36. Slide 36: India's Government Bans 500 and 1,000 Rupee Banknotes

    [ INDIA’S GOVERNMENT BANS 500 AND 1,000 RUPEE BANKNOTES

  37. Slide 37: Indians Use Gold Jewelry to Protect Wealth Against Currency Devaluation

    usfunds.com Indians Use Gold Jewelry to Help Protect Their Wealth Against Currency Devaluation usfunds.com 37 January 2017 | 17-040

  38. Slide 38: Monsoon or rainy season typically lasts from July to September

    Monsoon or rainy season typically lasts from July to September 38

  39. Slide 39: China Surpasses U.S. on Purchasing Power Parity Valuation of GDP

    usfunds.com China Surpasses U.S. on Purchasing Power Parity Valuation of GDP usfunds.com 39 January 2017 | 17-040

  40. Slide 40: China's Middle Class Overtakes the U.S.

    109 MILLION For the first time, the size of China’s middle class has overtaken the U.S., 109 million compared to 92 million. Source: Credit Suisse, U.S. Global Investors St — [> a

  41. Slide 41: Source: Bloomberg U.S. Global Investors

    Source: Bloomberg U.S. Global Investors 41

  42. Slide 42: Global Gross Debt at an All-Time High – $152 Trillion

    usfunds.com Global Gross Debt at an All-Time High – $152 Trillion $152 Trillion usfunds.com 42 January 2017 | 17-040

  43. Slide 43: As of October 2016 Source: IMF, World Gold Council, U.S. Global Investors

    As of October 2016 Source: IMF, World Gold Council, U.S. Global Investors 43

  44. Slide 44: Quants Are Driving

    QUANTS ARE DRIVING pS der’ abe o =

  45. Slide 45: 2016 Winners of The Mining Journal's Best Americas Based Fund Manager Award

    2016 WINNERS OF THE MINING JOURNAL’S BEST AMERICAS BASED FUND MANAGER AWARD <a Frank Holmes & Ralph Aldis US Global Investors Minjng Journal © Axa © Michael P, Byrum & Ryan A. Harder Rydex Precious metals ba) Ss

  46. Slide 46: The Portfolio Manager's Cube

    The Portfolio Manager’s Cube: A Look at the Value Drivers Behind Superior Resource Stock Performance 46

  47. Slide 47: a | ee a Ada

    a | ee a Ada ‘a ne re .. eS eating ae and machine learning is _ tt Pa . ae 2 software » {mca = EO 55 f 2 x pe x jt ae deed 1 Machine arning Artificial | (al) will be ths

  48. Slide 48: What Is Deep Learning?

    WHAT IS DEEP L Artificial Néura},Network Jas = input layer = (1 hidden layer

  49. Slide 49: Top Performing Australian Gold Producers

    usfunds.com Top Performing Australian Gold Producers usfunds.com 49 January 2017 | 17-040

  50. Slide 50: Royalty Companies Have a Greater Revenue Per Employee Model than Producers

    usfunds.com Royalty Companies Have a Greater Revenue Per Employee Model than Producers $24 mil $20 mil $14 mil $200k usfunds.com 50 January 2017 | 17-040

  51. Slide 51: Are you tuning in?

    Are you tuning in? Don’t miss Frank Holmes’ weekly gold commentary on Kitco News with Daniela Cambone! Kitco.com on July 14, 2016 51

  52. Slide 52: Subscribe to the Award-Winning Investor Alert and Frank Talk

    SUBSCRIBE To THE AWARD-WINNING INVESTOR ALERT AND FRANK TALK usfunds.com Home | Press Center | Sitemap | ContactUs @LargerTet Gismatierten GReset FRB U.S. Global Investors Search Search ABOUT US MUTUAL FUNDS. ETFs IIVESTOR LIBRARY ‘ADVISORS MIVESTING WITHUS ACCESS NY ACCOUNT TIME-TESTED HISTORY OF a

  53. Slide 53: Recognition As an Industry Leader in Investor Education — 80 Awards

    usfunds.com Recognition As an Industry Leader in Investor Education — 80 Awards MFEA 80 Mutual Fund Education Alliance STAR Awards The Mutual Fund Education Alliance (MFEA) is a national industry association committed to investor education, and its STAR Awards program recognizes marketing communicat

  54. Slide 54: Disclosures

    usfunds.com Disclosures All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. usfunds.com 54 January 2017 | 17-040

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