U.S. Global Investors, Inc. (NASDAQ: GROW) is a boutique investment management firm specializing in actively managed equity and bond strategies, and has a longstanding history of expertise in gold and precious metals, natural resources and emerging markets. The company, headquartered in San Antonio, Texas, manages a family of no-load mutual funds across a range of asset classes.
In addition, the company manages funds for international clients. Over the years, the company has formed a strong bond with its investors who have entrusted U.S. Global to help them achieve their financial goals. In this Wall Street View, our host spoke with Frank Holmes, CEO and CIO of U.S. Global Investors, Inc. at the Sprott Natural Resource Symposium 2014 in Vancouver, BC.
“We’re asset managers and we’re known for resources in emerging markets. We have what’s famous is the Investor Alert that’s read by 40,000 people in 170 countries around the world and that’s where – and I wrote a book on gold,” begins Mr. Holmes.
He continues, “We believe that all investors should have a 10% allocation towards gold, 5% bullion or gold jewelry and 5% gold stocks and rebalance each year. So last year stocks were down, gold was down, stock market was up, you would have profited by taking profits off the stock market and then buy more gold at a discount.”
Mr. Holmes explains, “There are so many barrier to entry to turn around to even put a shovel in the ground and so costly that makes it very difficult to raise the necessary capital. So unless you already have a proven project, then it’s very difficult to move forward.” He adds, “What took everyone used to be 5 years is all of a sudden now 15 years.” For more information, check out their website at www.usfunds.com
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