We  hereby  consent  to the  incorporation  by  reference  in  the  Registration
Statements  on Form  S-8  (No.  33-33012  and  No.  333-25699)  of  U.S.  Global
Investors,  Inc. of our report dated September 28, 1998, appearing in the ANNUAL
REPORT TO SHAREHOLDERS which is incorporated in this Annual Report on Form 10-K.

/s/ PricewaterhouseCoopers

PricewaterhouseCoopers
PO Box 321
National Westminister House
Le Truchot
St Peter Port
Guernsey
GY1 4ND


September 28, 2000