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NEWS RELEASE [U.S. GLOBAL INVESTORS LOGO]
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FOR ADDITIONAL
INFORMATION: Victor Flores Johanna Thornblad
Portfolio Manager V.P.Communications
U.S. World Gold Fund (210)308-1237
U.S. Gold Shares Fund [email protected]
(210)308-1234
For Immediate Release:
U.S. GLOBAL GOLD FUND WINS WITH BRE-X
San Antonio, Texas-May 13, 1997. Despite the scandalous news of fraud at the
Bre-X property in Indonesia, U.S. World Gold Fund shareholders made good money
with this infamous junior gold mining stock. The U.S. World Gold Fund bought its
first shares of Bre-X in July of 1995. Portfolio manager, Victor Flores, says.
"In the end, we made our shareholders a profit of well over $3 million on
Bre-X."
U.S. Global Investors, Inc. has been investing in the gold mining business since
1972 when it opened the country's first no-load gold mutual fund, and since that
time the Company has been recognized as having one of the most qualified natural
resources teams in the industry. "We have an extensive global network and a team
that includes geologists, mineral economists, petroleum engineers, and CFA's.
U.S. Global Investors' natural resource team offer investors sophisticated
expertise in assessing risk in a very high risk business," says Frank Holmes,
CEO. "We'll be the first to tell you that this is a market of probabilities that
only skilled professionals should get involved in," says Holmes.
"With years of experience, we have learned not to be too greedy and to take
money off the table at an early stage. The U.S. World Gold Fund handled Bre-X
like it does most junior exploration stocks, and took profits early in order to
recapture it's initial invested capital. I consider any investment in which we
more than double our investors' money a success, so in spite of all the negative
press the mining industry has received lately, we're already out there looking
for the next quality investment," he continues.
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. INVESTMENT RETURN AND
PRINCIPAL VALUE WILL FLUCTUATE. YOU MAY HAVE A GAIN OR A LOSS WHEN YOU SELL
SHARES.
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7900 Callaghan Road
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Mail Address:
P.O. Box 781234
San Antonio, Texas
78278-1234
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Tel 210-308-1234
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1-800-US-FUNDS
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Fax 210-308-1227
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email [email protected]
