U.S. Global Investors Announces Fourth Quarter Gold Webinar and Participation in Schwab IMPACT Conference

Rhea-AI Summary

U.S. Global Investors (NASDAQ: GROW) shared its participation in upcoming events as part of its corporate communications. The Company is set to present at the IMPACT 2022 conference from November 1 in Denver, highlighting its mutual funds and ETFs, including the U.S. Global Jets ETF. Additionally, a webinar on December 12 will delve into the investment case for the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU). Despite the current pressure on gold prices, demand for gold coins is strong, with U.S. Mint sales hitting a 22-year high, indicating robust investor interest.

Positive

• Participation in the IMPACT 2022 conference to enhance investor relations.
• Strong demand for gold coins, with U.S. Mint sales reaching a 22-year high.
• Anticipation of a constructive market for gold miners based on improved financial positions.

Negative

• Gold prices under pressure due to a strong U.S. dollar and rising bond yields.

San Antonio, TX, Oct. 24, 2022 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to share upcoming corporate events for the remainder of the year.

IMPACT 2022

The Company is excited to participate in next month’s IMPACT 2022 conference in Denver, Colorado. The Charles Schwab-hosted conference will be live and in person for the first time since before the pandemic. The three-day event begins November 1.

“U.S. Global will be presenting at IMPACT, and we look forward to meeting face-to-face with investors and shareholders of our mutual funds and ETFs. We invite you to stop by our booth, meet the team and ask Tadas Misiunas about our U.S. Global Jets ETF, ticker JETS, which trades globally not just in New York but also London, Mexico City and Lima, Peru,” says Company CEO and Chief Investment Officer Frank Holmes.

Gold Webinar

The Company, in conjunction with VettaFi, will host a webinar on Monday, December 12, to discuss the investment case for the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU).

“Gold prices have been under pressure this year from the strong U.S. dollar and rising bond yields, and gold miners have likewise sold off,” explains Mr. Holmes. “It’s interesting that gold has outperformed the S&P 500 so far this year, with gold off around 10% and stocks down 21%, as of October 21. The precious metal appears as if it’s looking for a bottom right now, having tested its 50-day moving average twice in the past three months. We believe this is constructive for gold miners, which are in a much better financial position today than they were at the end of 2015, the last time gold turned sharply down. This time around, the industry fundamentals based on our models look strong and healthy, in our view.

Gold and Silver Coin Demand Remains Robust

“Investors have historically diversified their portfolios with gold and gold equities in times of economic uncertainty, and today is no exception. At the same time that holdings in gold-backed ETFs are in freefall, gold coins are flying off shelves. According to the World Gold Council (WGC), the combined sales of the U.S. Mint’s gold American Eagle and American Buffalo coins topped 1.3 million ounces in the nine-month period through September 2022, a 7% increase over the same period last year and the highest total in 22 years. This tells me that the appetite for gold and silver coins remains very strong, and we’ll be covering this and much more in the upcoming webinar,” Mr. Holmes says.

To register for the webinar, please email info@usfunds.com with the subject line “Gold ETF Webinar.”

About U.S. Global Investors, Inc.

The story of U.S. Global Investors goes back more than 50 years when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides investment advisory services to U.S. Global Investors Funds and U.S. Global ETFs.

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

Please carefully consider a fund’s investment objectives, risks, charges, and expenses. For this and other important information, obtain a statutory and summary prospectus for JETS and GOAU by clicking here. Read it carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Because the funds concentrate their investments in specific industries, the funds may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. The funds are non-diversified, meaning they may concentrate more of their assets in a smaller number of issuers than diversified funds. The funds invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. The funds may invest in the securities of smaller-capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The performance of the funds may diverge from that of the index. Because the funds may employ a representative sampling strategy and may also invest in securities that are not included in the index, the funds may experience tracking error to a greater extent than funds that seek to replicate an index. The funds are not actively managed and may be affected by a general decline in market segments related to the index. Airline Companies may be adversely affected by a downturn in economic conditions that can result in decreased demand for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs.

Fund holdings and allocations are subject to change at any time. Click to view fund holdings for JETS and GOAU.

Distributed by Quasar Distributors, LLC. U.S. Global Investors is the investment adviser to JETS.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.

Attachments

• Gold appears to be looking for a bottom, having tested its moving average twice in three months
• U.S. Mint gold coin sales at a 22-year high

FAQ

What events is U.S. Global Investors participating in for 2022?

U.S. Global Investors will participate in the IMPACT 2022 conference from November 1 and host a webinar on December 12.

What is the significance of the U.S. Mint's gold coin sales?

The U.S. Mint's gold coin sales have topped 1.3 million ounces, a 7% increase compared to last year, indicating strong investor demand.

How is U.S. Global Investors addressing the current gold market conditions?

The Company believes the fundamentals for gold miners remain strong despite gold prices being under pressure.

What is U.S. Global Investors' stock symbol?

The stock symbol for U.S. Global Investors is GROW.