SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	July 31, 2015
Estimated average burden
hours per response:		23.8

Report for the Calendar Year or Quarter Ended:

03-31-2024

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	U S GLOBAL INVESTORS INC
Address:	7900 CALLAGHAN ROAD

	SAN ANTONIO, TX 78229
Form 13F File Number:	028-02220

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:	Lisa Callicotte
Title:	CFO
Phone:	210-308-1234
Signature, Place, and Date of Signing:
/s/ Lisa Callicotte		San Antonio, TX	04-24-2024
[Signature]		[City, State]	[Date]

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:	0
	Form 13F Information Table Entry Total:	180
	Form 13F Information Table Value Total:	1,215,517,436
		(thousands)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
NONE

SEC FORM 13-F Information Table

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	July 31, 2015
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABRDN PALLADIUM ETF TRUST	PHYSICAL PALLADM	003262102	37,408	400	SH		SOLE		0	400	0
AGNICO EAGLE MINES LTD	COM	008474108	298,250	5,000	SH		SOLE		0	5,000	0
AGNICO EAGLE MINES LTD	COM	008474108	2,386,000	40,000	SH		SOLE		0	40,000	0
ALAMOS GOLD INC NEW	COM CL A	011532108	2,950,000	200,000	SH		SOLE		0	200,000	0
AMAZON COM INC	COM	023135106	992,090	5,500	SH		SOLE		0	5,500	0
ANGLOGOLD ASHANTI PLC	COM SHS	G0378L100	1,443,000	65,000	SH		SOLE		0	65,000	0
APOLLO GLOBAL MGMT INC	COM	03769M106	1,518,075	13,500	SH		SOLE		0	13,500	0
APPLE INC	COM	037833100	1,954,872	11,400	SH		SOLE		0	11,400	0
ATLANTICA SUSTAINABLE INFR P	SHS	G0751N103	323,400	17,500	SH		SOLE		0	17,500	0
ATLAS LITHIUM CORP	COM NEW	105861306	51,060	3,000	SH		SOLE		0	3,000	0
BHP GROUP LTD	SPONSORED ADS	088606108	201,915	3,500	SH		SOLE		0	3,500	0
AMPLIFY COMMODITY TRUST	BREAKWAVE DRY BU	03210A107	16,632	1,200	SH		SOLE		0	1,200	0
CAMECO CORP	COM	13321L108	433,200	10,000	SH		SOLE		0	10,000	0
CANADIAN SOLAR INC	COM	136635109	197,600	10,000	SH		SOLE		0	10,000	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	983,668	60,200	SH		SOLE		0	60,200	0
CF INDS HLDGS INC	COM	125269100	416,050	5,000	SH		SOLE		0	5,000	0
CHENIERE ENERGY INC	COM NEW	16411R208	1,209,600	7,500	SH		SOLE		0	7,500	0
CHESAPEAKE ENERGY CORP	COM	165167735	444,150	5,000	SH		SOLE		0	5,000	0
CLEVELAND-CLIFFS INC NEW	COM	185899101	454,800	20,000	SH		SOLE		0	20,000	0
COEUR MNG INC	COM NEW	192108504	188,500	50,000	SH		SOLE		0	50,000	0
COEUR MNG INC	COM NEW	192108504	377,000	100,000	SH		SOLE		0	100,000	0
CONOCOPHILLIPS	COM	20825C104	190,920	1,500	SH		SOLE		0	1,500	0
CONSTELLATION BRANDS INC	CL A	21036P108	1,886,014	6,940	SH		SOLE		0	6,940	0
COTY INC	COM CL A	222070203	944,840	79,000	SH		SOLE		0	79,000	0
DAQO NEW ENERGY CORP	SPNSRD ADS NEW	23703Q203	211,125	7,500	SH		SOLE		0	7,500	0
DECKERS OUTDOOR CORP	COM	243537107	922,435	980	SH		SOLE		0	980	0
DENISON MINES CORP	COM	248356107	448,500	230,000	SH		SOLE		0	230,000	0
DIREXION SHS ETF TR	OIL GAS BL 2X SH	25460G500	45,111	1,100	SH		SOLE		0	1,100	0
EQUINOX GOLD CORP	COM	29446Y502	1,204,000	200,000	SH		SOLE		0	200,000	0
LAUDER ESTEE COS INC	CL A	518439104	154,150	1,000	SH		SOLE		0	1,000	0
FERRARI N V	COM	N3167Y103	2,463,061	5,650	SH		SOLE		0	5,650	0
FIRST TR EXCHANGE-TRADED FD	NAT GAS ETF	33733E807	30,184	1,100	SH		SOLE		0	1,100	0
FORTUNA SILVER MINES INC	COM	349915108	74,600	20,000	SH		SOLE		0	20,000	0
FORTUNA SILVER MINES INC	COM	349915108	746,000	200,000	SH		SOLE		0	200,000	0
FRANCO NEV CORP	COM	351858105	548,136	4,600	SH		SOLE		0	4,600	0
FRANCO NEV CORP	COM	351858105	1,489,500	12,500	SH		SOLE		0	12,500	0
GLOBAL X FDS	GLOBAL X COPPER	37954Y830	101,832	2,400	SH		SOLE		0	2,400	0
GLOBAL X FDS	GLOBAL X URANIUM	37954Y871	69,192	2,400	SH		SOLE		0	2,400	0
GLOBAL X FDS	US INFR DEV ETF	37954Y673	302,556	7,600	SH		SOLE		0	7,600	0
GOLD RESOURCE CORP	COM	38068T105	434,600	1,000,000	SH		SOLE		0	1,000,000	0
GRAYSCALE BITCOIN TR BTC	SHS REP COM UT	389637109	69,487	1,100	SH		SOLE		0	1,100	0
HALLIBURTON CO	COM	406216101	394,200	10,000	SH		SOLE		0	10,000	0
HARMONY GOLD MINING CO LTD	SPONSORED ADR	413216300	3,268,000	400,000	SH		SOLE		0	400,000	0
IAMGOLD CORP	COM	450913108	832,500	250,000	SH		SOLE		0	250,000	0
INVESCO DB MULTI-SECTOR COMM	AGRICULTURE FD	46140H106	133,704	5,400	SH		SOLE		0	5,400	0
INVESCO DB MULTI-SECTOR COMM	BASE METALS FD	46140H700	96,984	5,400	SH		SOLE		0	5,400	0
INVESCO DB US DLR INDEX TR	BULLISH FD	46141D203	422,713	14,900	SH		SOLE		0	14,900	0
INVESCO EXCH TRADED FD TR II	S&P GBL WATER	46138E263	211,014	3,800	SH		SOLE		0	3,800	0
ISHARES TR	GL TIMB FORE ETF	464288174	29,871	354	SH		SOLE		0	354	0
ISHARES SILVER TR	ISHARES	46428Q109	134,225	5,900	SH		SOLE		0	5,900	0
ISHARES TR	U.S. ENERGY ETF	464287796	83,980	1,700	SH		SOLE		0	1,700	0
ISHARES TR	US OIL EQ&SV ETF	464288844	96,965	4,100	SH		SOLE		0	4,100	0
IVANHOE ELECTRIC	COM	46578C108	61,730	6,299	SH		SOLE		0	6,299	0
IVANHOE ELECTRIC	COM	46578C108	161,690	16,499	SH		SOLE		0	16,499	0
JPMORGAN CHASE & CO	COM	46625H100	1,362,040	6,800	SH		SOLE		0	6,800	0
KRANESHARES TR	GLOBAL CARB STRA	500767678	55,368	1,800	SH		SOLE		0	1,800	0
KIMBELL RTY PARTNERS LP	UNIT	49435R102	853,600	55,000	SH		SOLE		0	55,000	0
KINROSS GOLD CORP	COM	496902404	613,000	100,000	SH		SOLE		0	100,000	0
KKR & CO INC	COM	48251W104	1,222,047	12,150	SH		SOLE		0	12,150	0
LAS VEGAS SANDS CORP	COM	517834107	979,715	18,950	SH		SOLE		0	18,950	0
LIBERTY ENERGY INC	COM CL A	53115L104	155,400	7,500	SH		SOLE		0	7,500	0
LINDE PLC	SHS	G54950103	928,640	2,000	SH		SOLE		0	2,000	0
LULULEMON ATHLETICA INC	COM	550021109	1,445,405	3,700	SH		SOLE		0	3,700	0
MARATHON OIL CORP	COM	565849106	495,950	17,500	SH		SOLE		0	17,500	0
MARATHON PETE CORP	COM	56585A102	604,500	3,000	SH		SOLE		0	3,000	0
MARRIOTT INTL INC NEW	CL A	571903202	925,978	3,670	SH		SOLE		0	3,670	0
MICROSTRATEGY INC	CL A NEW	594972408	8,523	5	SH		SOLE		0	5	0
NEW GOLD INC CDA	COM	644535106	59,500	35,000	SH		SOLE		0	35,000	0
NEW GOLD INC CDA	COM	644535106	255,000	150,000	SH		SOLE		0	150,000	0
NEW GOLD INC CDA	COM	644535106	1,700,000	1,000,000	SH		SOLE		0	1,000,000	0
NEXGEN ENERGY LTD	COM	65340P106	194,250	25,000	SH		SOLE		0	25,000	0
OCCIDENTAL PETE CORP	COM	674599105	649,900	10,000	SH		SOLE		0	10,000	0
ON HLDG AG	NAMEN AKT A	H5919C104	141,520	4,000	SH		SOLE		0	4,000	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	164,200	10,000	SH		SOLE		0	10,000	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	164,200	10,000	SH		SOLE		0	10,000	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	574,700	35,000	SH		SOLE		0	35,000	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	821,000	50,000	SH		SOLE		0	50,000	0
PARAMOUNT GOLD NEV CORP	COM	69924M109	68,952	170,000	SH		SOLE		0	170,000	0
PEABODY ENERGY CORP	COM	704551100	363,900	15,000	SH		SOLE		0	15,000	0
PERMIAN RESOURCES CORP	CLASS A COM	71424F105	264,900	15,000	SH		SOLE		0	15,000	0
PROSHARES TR II	ULTRASHRT NEW	74347W395	93,500	4,000	SH		SOLE		0	4,000	0
PROSHARES TR II	ULTRASHRT NEW	74347W395	210,375	9,000	SH		SOLE		0	9,000	0
RANGE RES CORP	COM	75281A109	344,300	10,000	SH		SOLE		0	10,000	0
ROYAL CARIBBEAN GROUP	COM	V7780T103	1,237,189	8,900	SH		SOLE		0	8,900	0
ROYAL GOLD INC	COM	780287108	395,883	3,250	SH		SOLE		0	3,250	0
ROYAL GOLD INC	COM	780287108	1,218,100	10,000	SH		SOLE		0	10,000	0
SANDSTORM GOLD LTD	COM NEW	80013R206	1,050,000	200,000	SH		SOLE		0	200,000	0
SCHLUMBERGER LTD	COM STK	806857108	328,860	6,000	SH		SOLE		0	6,000	0
SEABRIDGE GOLD INC	COM	811916105	75,600	5,000	SH		SOLE		0	5,000	0
SEABRIDGE GOLD INC	COM	811916105	151,200	10,000	SH		SOLE		0	10,000	0
SELECT WATER SOLUTIONS INC	CL A COM	81617J301	461,500	50,000	SH		SOLE		0	50,000	0
SIGMA LITHIUM CORPORATION	COM	826599102	38,880	3,000	SH		SOLE		0	3,000	0
SILVERCORP METALS INC	COM	82835P103	815,000	250,000	SH		SOLE		0	250,000	0
SPDR GOLD TR	GOLD SHS	78463V107	205,720	1,000	SH		SOLE		0	1,000	0
SPDR SER TR	S&P OILGAS EXP	78468R556	92,958	600	SH		SOLE		0	600	0
SSR MINING IN	COM	784730103	446,000	100,000	SH		SOLE		0	100,000	0
SYLVAMO CORP	COMMON STOCK	871332102	432,180	7,000	SH		SOLE		0	7,000	0
TEUCRIUM COMMODITY TR	WHEAT FD	88166A508	84,396	15,600	SH		SOLE		0	15,600	0
TOLL BROTHERS INC	COM	889478103	718,004	5,550	SH		SOLE		0	5,550	0
TESLA INC	CALL	88160R101	21,100	50	SH	Call	SOLE		0	50	0
UBS GROUP AG	SHS	H42097107	2,088,960	68,000	SH		SOLE		0	68,000	0
UNITED STS OIL FD LP	UNITS	91232N207	157,460	2,000	SH		SOLE		0	2,000	0
UR-ENERGY INC	COM	91688R108	240,000	150,000	SH		SOLE		0	150,000	0
UNITED STS GASOLINE FD LP	UNITS	91201T102	120,581	1,700	SH		SOLE		0	1,700	0
VALERO ENERGY CORP	COM	91913Y100	469,398	2,750	SH		SOLE		0	2,750	0
VANECK ETF TRUST	AGRIBUSINESS ETF	92189F700	240,416	3,200	SH		SOLE		0	3,200	0
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	98,022	3,100	SH		SOLE		0	3,100	0
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	189,720	6,000	SH		SOLE		0	6,000	0
VANECK ETF TRUST	GOLD MINERS ETF	92189F106	474,300	15,000	SH		SOLE		0	15,000	0
VIPER ENERGY INC	CL A	927959106	769,200	20,000	SH		SOLE		0	20,000	0
VOX ROYALTY CORP	COM	92919F103	418,000	200,000	SH		SOLE		0	200,000	0
VOX ROYALTY CORP	COM	92919F103	3,135,000	1,500,000	SH		SOLE		0	1,500,000	0
WHEATON PRECIOUS METALS CORP	COM	962879102	942,600	20,000	SH		SOLE		0	20,000	0
AIR TRANSPORT SE	COM	00922R105	27,598,570	2,005,710	SH		SOLE		0	2,005,710	0
ALASKA AIR GROUP	COM	011659109	44,711,792	1,040,051	SH		SOLE		0	1,040,051	0
ALLEGIANT TRAVEL	COM	01748X102	40,474,337	538,151	SH		SOLE		0	538,151	0
AMERICAN AIRLINE	COM	02376R102	145,200,393	9,459,309	SH		SOLE		0	9,459,309	0
AZUL SA-ADR	SPONSR ADR PFD	05501U106	6,797,180	874,798	SH		SOLE		0	874,798	0
BOEING CO/THE	COM	097023105	24,856,533	128,797	SH		SOLE		0	128,797	0
BOOKING HOLDINGS	COM	09857L108	27,441,284	7,564	SH		SOLE		0	7,564	0
COPA HOLDIN-CL A	CL A	P31076105	6,801,231	65,296	SH		SOLE		0	65,296	0
DELTA AIR LI	COM NEW	247361702	158,738,069	3,316,024	SH		SOLE		0	3,316,024	0
ELDORADO GOLD	COM	284902509	2,899,447	206,073	SH		SOLE		0	206,073	0
EMBRAER SA-ADR	SPONSORED ADS	29082A107	8,157,941	306,229	SH		SOLE		0	306,229	0
EXPEDIA GROUP IN	COM NEW	30212P303	26,542,772	192,688	SH		SOLE		0	192,688	0
EXPEDITORS INTL	COM	302130109	180,410	1,484	SH		SOLE		0	1,484	0
FEDEX CORP	COM	31428X106	207,454	716	SH		SOLE		0	716	0
FORTUNA SILVER	COM	349915108	4,007,512	1,074,400	SH		SOLE		0	1,074,400	0
FRANCO-NEVADA CO	COM	351858105	8,592,270	72,107	SH		SOLE		0	72,107	0
FRONTIER GROUP H	COM	35909R108	39,467,039	4,866,466	SH		SOLE		0	4,866,466	0
GENERAL DYNAMICS	COM	369550108	26,721,012	94,591	SH		SOLE		0	94,591	0
GRUPO AEROPO-ADR	SPON ADR SER B	40051E202	7,180,816	22,533	SH		SOLE		0	22,533	0
GXO LOGISTIC	COMMON STOCK	36262G101	196,170	3,649	SH		SOLE		0	3,649	0
HARMONY GOLD-ADR	SPONSORED ADR	413216300	2,894,312	354,261	SH		SOLE		0	354,261	0
INTERNATIONAL SE	COM	Y41053102	118,370	2,225	SH		SOLE		0	2,225	0
JETBLUE AIRWAYS	COM	477143101	42,103,788	5,674,365	SH		SOLE		0	5,674,365	0
MAKEMYTRIP LTD	SHS	V5633W109	7,686,260	108,181	SH		SOLE		0	108,181	0
MATSON INC	COM	57686G105	127,124	1,131	SH		SOLE		0	1,131	0
NEW GOLD INC	COM	644535106	2,910,985	1,712,344	SH		SOLE		0	1,712,344	0
OSISKO GOLD ROYA	COM	68827L101	3,435,918	209,252	SH		SOLE		0	209,252	0
ROYAL GOLD INC	COM	780287108	8,959,369	73,552	SH		SOLE		0	73,552	0
RYANAIR HLDG-ADR	SPONSORED ADS	783513203	13,685,606	94,001	SH		SOLE		0	94,001	0
SANDSTORM GOLD	COM NEW	80013R206	3,750,621	714,404	SH		SOLE		0	714,404	0
SCORPIO TANKERS	SHS	Y7542C130	126,214	1,764	SH		SOLE		0	1,764	0
SFL CORP LTD	SHS	G7738W106	114,547	8,691	SH		SOLE		0	8,691	0
SIBANYE-STI-ADR	SPONSORED ADR	82575P107	2,904,290	616,622	SH		SOLE		0	616,622	0
SILVERCORP METAL	COM	82835P103	2,991,702	917,700	SH		SOLE		0	917,700	0
SILVERCREST META	COM	828363101	2,967,696	445,600	SH		SOLE		0	445,600	0
SKYWEST INC	COM	830879102	40,245,179	582,588	SH		SOLE		0	582,588	0
SOUTHWEST AIR	COM	844741108	117,874,620	4,038,185	SH		SOLE		0	4,038,185	0
SUN COUNTRY HOLD	COM	866683105	39,422,595	2,612,498	SH		SOLE		0	2,612,498	0
TEEKAY TANK-CL A	CL A	Y8565N300	256,186	4,386	SH		SOLE		0	4,386	0
TEXTRON INC	COM	883203101	27,800,322	289,798	SH		SOLE		0	289,798	0
TORM PLC-A	SHS CL A	G89479102	248,355	7,106	SH		SOLE		0	7,106	0
TRIP.COM GRO-ADR	ADS	89677Q107	13,275,321	302,468	SH		SOLE		0	302,468	0
TRIPADVISOR INC	COM	896945201	26,965,332	970,325	SH		SOLE		0	970,325	0
TRIPLE FLAG	COM	89679M104	2,875,550	199,000	SH		SOLE		0	199,000	0
UNITED AIRLINES	COM	910047109	151,962,549	3,173,821	SH		SOLE		0	3,173,821	0
UNITED PARCEL-B	CL B	911312106	177,613	1,195	SH		SOLE		0	1,195	0
WHEATON PRECIOUS	COM	962879102	8,919,918	189,262	SH		SOLE		0	189,262	0
ZTO EXPRESS -ADR	SPONSORED ADS A	98980A105	184,586	8,815	SH		SOLE		0	8,815	0
CENTERRA GOLD IN	COM	152006102	354,505	60,000	SH		SOLE		0	60,000	0
CENTERRA GOLD IN	COM	152006102	1,477,105	250,000	SH		SOLE		0	250,000	0
CENTERRA GOLD IN	COM	152006102	3,563,994	603,206	SH		SOLE		0	603,206	0
CENTERRA GOLD IN	COM	152006102	384,047	65,000	SH		SOLE		0	65,000	0
EMX ROYALTY CORP	COM	26873J107	2,160,266	1,250,000	SH		SOLE		0	1,250,000	0
ENCORE ENERGY CO	COM NEW	29259W700	637,001	150,000	SH		SOLE		0	150,000	0
I-80 GOLD CORP	COM	44955L106	262,925	200,000	SH		SOLE		0	200,000	0
IVANHOE ELECTRIC	COM	46578C108	14,702	1,499	SH		SOLE		0	1,499	0
IVANHOE ELECTRIC	COM	46578C108	61,780	6,299	SH		SOLE		0	6,299	0
METHANEX CORP	COM	59151K108	178,346	4,000	SH		SOLE		0	4,000	0
ORLA MINING LTD	COM	68634K106	947,194	250,000	SH		SOLE		0	250,000	0
OSISKO GOLD ROYA	COM	68827L101	820,901	50,000	SH		SOLE		0	50,000	0
SILVERCREST META	COM	828363101	1,333,826	200,000	SH		SOLE		0	200,000	0
SILVERCREST META	COM	828363101	233,419	35,000	SH		SOLE		0	35,000	0
SKEENA RESOURCES	COM	83056P715	345,089	75,000	SH		SOLE		0	75,000	0
TRIPLE FLAG	COM	89679M104	1,084,010	75,000	SH		SOLE		0	75,000	0
TRIPLE FLAG	COM	89679M104	599,255	41,461	SH		SOLE		0	41,461	0
VIZSLA SILVER CO	COM NEW	92859G202	147,718	113,000	SH		SOLE		0	113,000	0
VIZSLA SILVER CO	COM NEW	92859G202	1,176,514	900,000	SH		SOLE		0	900,000	0