CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the use of our report on
U.S. Global Investors Funds (comprising, respectively, U.S. Treasuries
Securities Cash Fund, U.S. Government Securities Savings Fund, Near-Term Tax
Free Fund, Tax Free Fund, Equity Income Fund, All American Equity Fund, Real
Estate Fund, China Region Opportunity Fund, Global Resources Fund, World Gold
Fund, Gold Shares Fund) dated August 11, 2000 (and to all references to our
Firm) included in or made part of Post-Effective Amendment No. 87 to
Registration Statement File Nos. 02-35439 and 811-1800.
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
Boston, Massachusetts
October 26, 2000
