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Frank E. Holmes

Frank E. Holmes

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Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.  The company’s no-load mutual funds include the Global Resources Fund (ticker PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold Shares Fund (USERX).

Please consider carefully the 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.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk.

The S&P/TSX Global Gold Index is an international benchmark tracking the world's leading gold companies with the intent to provide an investable representative index of publicly-traded international gold companies. The FTSE Gold Mines Index Series encompasses all gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75% or more of their revenue from mined gold.

Holdings as a percentage of net assets as of 6/30/07: Jiangxi Copper (China Region Opportunity Fund 1.74%); Silvercorp Metals Inc. (World Precious Minerals Fund 2.78%, Global Resources Fund 0.89%, China Region Opportunity Fund 2.42%); Gold Fields Ltd. (Gold Shares Fund 6.05%, World Precious Minerals Fund 2.58%, Global Resources Fund 0.39%); Sino Gold Mining Ltd. (Gold Shares Fund 1.03%, World Precious Minerals Fund 0.58%, China Region Opportunity Fund  0.27%); Anglogold Ashanti (0.0%); Dynasty Gold (0.0%).

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Crypto SWOT: bitcoin is having a tough start to 2022

(Kitco commentary) - The most U.S. inflation in four decades is reviving talk of Bitcoin being a hedge against rising prices, reports Bloomberg, and is lifting the popular digital currency to its highest price.

Gold SWOT: UBS sees platinum prices rising to $1,150 per ounce by year-end

(Kitco commentary) - The best performing precious metal for the week was silver, up 2.66% on positive physical demand noted traders.

Crypto SWOT: BTCS is first company to pay dividends in bitcoin

(Kitco commentary) - Goldman Sachs predicts Bitcoin could hit $100,000 within the next five years, writes CNN Business.

Gold SWOT: Gold has a shaky start to the new year on hawkish Fed Minutes

(Kitco commentary) - The best performing precious metal for the week was palladium, up 1.59%, perhaps on the threat of labor negotiations breaking down in South Africa.

Crypto SWOT: In 2021 bitcoin reached $69,000. What price will we see in 2022?

(Kitco commentary) - Of the cryptocurrencies tracked by Messari, the best performer for 2021 was PieDAO Metaverse, rising 291,592.72%.

Gold SWOT: gold was the best performing precious metal for 2021

(Kitco commentary) - The best performing precious metal for the year was gold, but still down 3.64% on the threat of the Federal Reserve beginning to raise interest rates in 2022 and that inflation will subside substantially in the second half of 2022 as supply bottlenecks are cleared.

Crypto SWOT: crypto wealth mints next generation of luxury super-spenders

(Kitco commentary) - Bitcoin has retreated 30% from an all-time high, but the cryptocurrency is still about 60% so far in 2021. This return exceeds traditional assets like global stocks, commodities, and gold, writes Bloomberg economists.

Gold SWOT: Russian nationals bought a record amount of gold since 2014

(Kitco commentary) - The best performing precious metal for the week was palladium, up 1.38%, after falling over 14% in the past five trading days.

Crypto SWOT: bitcoin’s latest plunge highlights danger of a crypto salary

(Kitco commentary) - Bitcoin gains after consumer price index (CPI) increase renews, further fueling the inflation-hedge argument, writes Bloomberg. The largest cryptocurrency has long been touted as an inflation hedge, in part because of its fixed supply.

Gold SWOT: Kinross announced an agreement to acquire Great Bear resources

(Kitco commentary) - The best performing precious metal for the week was platinum, up 1.01%, likely responding to substitution demand. The Perth Mint said gold coin and minted bar sales totaled 115,872 ounces last month, the highest since March, according to figures on its website.