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:

09-30-2024

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	10-21-2024
[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:	169
	Form 13F Information Table Value Total:	1,038,748,724
		(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
SCHLUMBERGER LTD	COM STK	806857108	209,750	5,000	SH		SOLE		0	5,000	0
SEABRIDGE GOLD INC	COM	811916105	251,850	15,000	SH		SOLE		0	15,000	0
SEABRIDGE GOLD INC	COM	811916105	335,800	20,000	SH		SOLE		0	20,000	0
SELECT WATER SOLUTIONS INC	CL A COM	81617J301	445,200	40,000	SH		SOLE		0	40,000	0
SHELL PLC	SPON ADS	780259305	659,500	10,000	SH		SOLE		0	10,000	0
SIGMA LITHIUM CORPORATION	COM	826599102	37,080	3,000	SH		SOLE		0	3,000	0
SILVERCORP METALS INC	COM	82835P103	1,092,500	250,000	SH		SOLE		0	250,000	0
SOLITARIO RESOURCES CORP	COM	8342EP107	210,000	300,000	SH		SOLE		0	300,000	0
SYLVAMO CORP	COMMON STOCK	871332102	600,950	7,000	SH		SOLE		0	7,000	0
TECK RESOURCES LTD	CL B	878742204	444,040	8,500	SH		SOLE		0	8,500	0
TESLA INC	COM	88160R101	2,451,473	9,370	SH		SOLE		0	9,370	0
TOTALENERGIES SE	SPONSORED ADS	89151E109	258,480	4,000	SH		SOLE		0	4,000	0
UR-ENERGY INC	COM	91688R108	178,500	150,000	SH		SOLE		0	150,000	0
VIKING HOLDINGS LTD	ORD SHS	G93A5A101	1,168,815	33,500	SH		SOLE		0	33,500	0
VIPER ENERGY INC	CL A	927959106	676,650	15,000	SH		SOLE		0	15,000	0
VOX ROYALTY CORP	COM	92919F103	558,700	185,000	SH		SOLE		0	185,000	0
VOX ROYALTY CORP	COM	92919F103	4,273,300	1,415,000	SH		SOLE		0	1,415,000	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	338,600	10,000	SH		SOLE		0	10,000	0
WHEATON PRECIOUS METALS CORP	COM	962879102	274,860	4,500	SH		SOLE		0	4,500	0
WHEATON PRECIOUS METALS CORP	COM	962879102	1,221,600	20,000	SH		SOLE		0	20,000	0
WYNN RESORTS LTD	COM	983134107	498,576	5,200	SH		SOLE		0	5,200	0
AIR TRANSPORT SE	COM	00922R105	21,871,022	1,350,897	SH		SOLE		0	1,350,897	0
ALASKA AIR GROUP	COM	011659109	34,215,199	756,806	SH		SOLE		0	756,806	0
ALLEGIANT TRAVEL	COM	01748X102	40,823,081	741,429	SH		SOLE		0	741,429	0
AMERICAN AIRLINE	COM	02376R102	102,151,233	9,088,188	SH		SOLE		0	9,088,188	0
ARDMORE SHIPPING	COM	Y0207T100	139,243	7,693	SH		SOLE		0	7,693	0
BOEING CO/THE	COM	097023105	18,822,856	123,802	SH		SOLE		0	123,802	0
BOOKING HOLDINGS	COM	09857L108	21,978,842	5,218	SH		SOLE		0	5,218	0
COPA HOLDIN-CL A	CL A	P31076105	5,345,877	56,968	SH		SOLE		0	56,968	0
DANAOS CORP	SHS	Y1968P121	296,304	3,416	SH		SOLE		0	3,416	0
DELTA AIR LI	COM NEW	247361702	116,354,913	2,290,902	SH		SOLE		0	2,290,902	0
DRDGOLD LTD-ADR	SPON ADR REPSTG	26152H301	2,388,252	247,744	SH		SOLE		0	247,744	0
ELDORADO GOLD	COM	284902509	3,074,820	177,019	SH		SOLE		0	177,019	0
EMBRAER SA-ADR	SPONSORED ADS	29082A107	4,943,700	139,771	SH		SOLE		0	139,771	0
EXPEDIA GROUP IN	COM NEW	30212P303	22,564,909	152,445	SH		SOLE		0	152,445	0
EXPEDITORS INTL	COM	302130109	210,240	1,600	SH		SOLE		0	1,600	0
FEDEX CORP	COM	31428X106	188,018	687	SH		SOLE		0	687	0
FORTUNA MINING C	COM NEW	349942102	3,176,583	686,087	SH		SOLE		0	686,087	0
FRANCO-NEVADA CO	COM	351858105	9,976,281	80,292	SH		SOLE		0	80,292	0
FRONTIER GROUP H	COM	35909R108	40,472,504	7,564,954	SH		SOLE		0	7,564,954	0
FRONTLINE PLC	COM	M46528101	135,386	5,925	SH		SOLE		0	5,925	0
GENERAL DYNAMICS	COM	369550108	20,246,493	66,997	SH		SOLE		0	66,997	0
GLOBAL SHIP-CL A	COM CL A	Y27183600	150,253	5,638	SH		SOLE		0	5,638	0
GRUPO AEROPO-ADR	SPON ADR SER B	40051E202	5,124,742	18,124	SH		SOLE		0	18,124	0
HARMONY GOLD-ADR	SPONSORED ADR	413216300	3,501,063	344,254	SH		SOLE		0	344,254	0
IAMGOLD CORP	COM	450913108	3,159,516	604,114	SH		SOLE		0	604,114	0
INTERNATIONAL SE	COM	Y41053102	277,032	5,373	SH		SOLE		0	5,373	0
JETBLUE AIRWAYS	COM	477143101	33,808,593	5,153,749	SH		SOLE		0	5,153,749	0
KINROSS GOLD	COM	496902404	3,022,044	322,868	SH		SOLE		0	322,868	0
MAKEMYTRIP LTD	SHS	V5633W109	9,790,888	105,335	SH		SOLE		0	105,335	0
NEW GOLD INC	COM	644535106	3,392,715	1,178,026	SH		SOLE		0	1,178,026	0
OSISKO GOLD ROYA	COM	68827L101	4,179,484	225,796	SH		SOLE		0	225,796	0
ROYAL GOLD INC	COM	780287108	10,077,468	71,828	SH		SOLE		0	71,828	0
RYANAIR HLDG-ADR	SPONSORED ADR	783513203	10,636,050	235,415	SH		SOLE		0	235,415	0
SANDSTORM GOLD	COM NEW	80013R206	4,157,958	692,993	SH		SOLE		0	692,993	0
SCORPIO TANKERS	SHS	Y7542C130	347,730	4,877	SH		SOLE		0	4,877	0
SILVERCREST META	COM	828363101	3,503,012	378,704	SH		SOLE		0	378,704	0
SKYWEST INC	COM	830879102	34,097,951	401,058	SH		SOLE		0	401,058	0
SOUTHWEST AIR	COM	844741108	100,768,786	3,400,904	SH		SOLE		0	3,400,904	0
SPIRIT AIRLINES	COM	848577102	28,816,495	12,006,873	SH		SOLE		0	12,006,873	0
SUN COUNTRY HOLD	COM	866683105	30,331,895	2,705,789	SH		SOLE		0	2,705,789	0
TEEKAY TANK-CL A	CL A	Y8565N300	285,250	4,897	SH		SOLE		0	4,897	0
TEXTRON INC	COM	883203101	20,527,795	231,743	SH		SOLE		0	231,743	0
TORM PLC-A	SHS CL A	G89479102	341,729	9,995	SH		SOLE		0	9,995	0
TRIP.COM GRO-ADR	ADS	89677Q107	12,710,056	213,866	SH		SOLE		0	213,866	0
TRIPADVISOR INC	COM	896945201	21,916,821	1,512,548	SH		SOLE		0	1,512,548	0
TRIPLE FLAG	COM	89679M104	3,962,223	244,884	SH		SOLE		0	244,884	0
UNITED AIRLINES	COM	910047109	117,307,714	2,055,866	SH		SOLE		0	2,055,866	0
UNITED PARCEL-B	CL B	911312106	204,374	1,499	SH		SOLE		0	1,499	0
WHEATON PRECIOUS	COM	962879102	10,061,525	164,727	SH		SOLE		0	164,727	0
ZTO EXPRESS -ADR	SPONSORED ADS A	98980A105	222,980	9,002	SH		SOLE		0	9,002	0
ALAMOS GOLD INC	COM CL A	011532108	368,550	18,500	SH		SOLE		0	18,500	0
BW LPG LTD	COM	Y10230103	337,362	23,651	SH		SOLE		0	23,651	0
COLLECTIVE MININ	COM	19425C100	240,612	75,000	SH		SOLE		0	75,000	0
COLLECTIVE MININ	COM	19425C100	160,408	50,000	SH		SOLE		0	50,000	0
EMX ROYALTY CORP	COM	26873J107	1,781,490	1,000,000	SH		SOLE		0	1,000,000	0
ENCORE ENERGY CO	COM NEW	29259W700	410,260	100,000	SH		SOLE		0	100,000	0
ENDEAVOUR SILVER	COM	29258Y103	296,053	75,000	SH		SOLE		0	75,000	0
ENDEAVOUR SILVER	COM	29258Y103	789,474	200,000	SH		SOLE		0	200,000	0
ENDEAVOUR SILVER	COM	29258Y103	296,053	75,000	SH		SOLE		0	75,000	0
HAFNIA LTD	ORD SHS	G4233B109	333,152	46,805	SH		SOLE		0	46,805	0
METHANEX CORP	COM	59151K108	371,762	9,000	SH		SOLE		0	9,000	0
OSISKO GOLD ROYA	COM	68827L101	2,222,058	120,000	SH		SOLE		0	120,000	0
SKEENA RESOURCES	COM	83056P715	169,870	20,000	SH		SOLE		0	20,000	0
VIZSLA SILVER CO	COM NEW	92859G608	478,637	250,000	SH		SOLE		0	250,000	0
VIZSLA SILVER CO	COM NEW	92859G608	1,579,502	825,000	SH		SOLE		0	825,000	0
AGNICO EAGLE MINES LTD	COM	008474108	201,400	2,500	SH		SOLE		0	2,500	0
AGNICO EAGLE MINES LTD	COM	008474108	402,800	5,000	SH		SOLE		0	5,000	0
AGNICO EAGLE MINES LTD	COM	008474108	1,611,200	20,000	SH		SOLE		0	20,000	0
ALAMOS GOLD INC NEW	COM CL A	011532108	5,982,000	300,000	SH		SOLE		0	300,000	0
A-MARK PRECIOUS METALS INC	COM	00181T107	662,400	15,000	SH		SOLE		0	15,000	0
AMAZON COM INC	COM	023135106	1,486,913	7,980	SH		SOLE		0	7,980	0
AMERICAN EXPRESS CO	COM	025816109	949,200	3,500	SH		SOLE		0	3,500	0
ANGLOGOLD ASHANTI PLC	COM SHS	G0378L100	2,663,000	100,000	SH		SOLE		0	100,000	0
ANTERO RESOURCES CORP	COM	03674X106	429,750	15,000	SH		SOLE		0	15,000	0
APOLLO GLOBAL MGMT INC	COM	03769M106	886,861	7,100	SH		SOLE		0	7,100	0
ARCHER DANIELS MIDLAND CO	COM	039483102	388,310	6,500	SH		SOLE		0	6,500	0
BAKER HUGHES COMPANY	CL A	05722G100	361,500	10,000	SH		SOLE		0	10,000	0
BARRICK GOLD CORP	COM	067901108	497,250	25,000	SH		SOLE		0	25,000	0
BARRICK GOLD CORP	COM	067901108	1,157,598	58,200	SH		SOLE		0	58,200	0
BARRICK GOLD CORP	COM	067901108	37,125	250	SH	Call	SOLE		0	250	0
BARRICK GOLD CORP	COM	067901108	215,325	1,450	SH	Call	SOLE		0	1,450	0
BHP GROUP LTD	SPONSORED ADS	088606108	217,385	3,500	SH		SOLE		0	3,500	0
BP PLC	SPONSORED ADR	055622104	313,900	10,000	SH		SOLE		0	10,000	0
BUNGE GLOBAL SA	COM SHS	H11356104	434,880	4,500	SH		SOLE		0	4,500	0
CAMECO CORP	COM	13321L108	238,800	5,000	SH		SOLE		0	5,000	0
CANADIAN NAT RES LTD	COM	136385101	199,260	6,000	SH		SOLE		0	6,000	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	1,084,776	58,700	SH		SOLE		0	58,700	0
CHENIERE ENERGY INC	COM NEW	16411R208	1,348,800	7,500	SH		SOLE		0	7,500	0
COEUR MNG INC	COM NEW	192108504	763,680	111,000	SH		SOLE		0	111,000	0
COEUR MNG INC	COM NEW	192108504	860,000	125,000	SH		SOLE		0	125,000	0
COEUR MNG INC	COM NEW	192108504	2,408,000	350,000	SH		SOLE		0	350,000	0
CONOCOPHILLIPS	COM	20825C104	157,920	1,500	SH		SOLE		0	1,500	0
CONSTELLATION BRANDS INC	CL A	21036P108	1,015,299	3,940	SH		SOLE		0	3,940	0
DENISON MINES CORP	COM	248356107	210,450	115,000	SH		SOLE		0	115,000	0
ELDORADO GOLD CORP NEW	COM	284902509	1,737,000	100,000	SH		SOLE		0	100,000	0
EOG RES INC	COM	26875P101	307,325	2,500	SH		SOLE		0	2,500	0
EXXON MOBIL CORP	COM	30231G102	410,270	3,500	SH		SOLE		0	3,500	0
FERRARI N V	COM	N3167Y103	45,975	25	SH	Call	SOLE		0	25	0
FERRARI N V	COM	N3167Y103	2,280,034	4,850	SH		SOLE		0	4,850	0
FIRST SOLAR INC	COM	336433107	249,440	1,000	SH		SOLE		0	1,000	0
FMC CORP	COM NEW	302491303	428,610	6,500	SH		SOLE		0	6,500	0
FRANCO NEV CORP	COM	351858105	422,450	3,400	SH		SOLE		0	3,400	0
FRANCO NEV CORP	COM	351858105	994,000	8,000	SH		SOLE		0	8,000	0
GOLDMAN SACHS GROUP INC	COM	38141G104	1,470,477	2,970	SH		SOLE		0	2,970	0
GRAPHIC PACKAGING HLDG CO	COM	388689101	221,925	7,500	SH		SOLE		0	7,500	0
HARMONY GOLD MINING CO LTD	SPONSORED ADR	413216300	2,034,000	200,000	SH		SOLE		0	200,000	0
HECLA MNG CO	COM	422704106	1,334,000	200,000	SH		SOLE		0	200,000	0
HILTON WORLDWIDE HLDGS INC	COM	43300A203	2,005,350	8,700	SH		SOLE		0	8,700	0
HUDBAY MINERALS INC	COM	443628102	459,500	50,000	SH		SOLE		0	50,000	0
IAMGOLD CORP	COM	450913108	1,307,500	250,000	SH		SOLE		0	250,000	0
IMPERIAL OIL LTD	COM NEW	453038408	422,700	6,000	SH		SOLE		0	6,000	0
INGREDION INC	COM	457187102	549,720	4,000	SH		SOLE		0	4,000	0
IVANHOE ELECTRIC	COM	46578C108	338,400	40,000	SH		SOLE		0	40,000	0
KIMBELL RTY PARTNERS LP	UNIT	49435R102	482,700	30,000	SH		SOLE		0	30,000	0
KINROSS GOLD CORP	COM	496902404	140,400	15,000	SH		SOLE		0	15,000	0
KINROSS GOLD CORP	COM	496902404	1,872,000	200,000	SH		SOLE		0	200,000	0
KKR & CO INC	COM	48251W104	1,168,691	8,950	SH		SOLE		0	8,950	0
LAS VEGAS SANDS CORP	COM	517834107	432,924	8,600	SH		SOLE		0	8,600	0
LAUDER ESTEE COS INC	CL A	518439104	598,140	6,000	SH		SOLE		0	6,000	0
LIBERTY ENERGY INC	COM CL A	53115L104	143,175	7,500	SH		SOLE		0	7,500	0
LINDE PLC	SHS	G54950103	953,720	2,000	SH		SOLE		0	2,000	0
LULULEMON ATHLETICA INC	COM	550021109	1,288,913	4,750	SH		SOLE		0	4,750	0
MARATHON OIL CORP	COM	565849106	466,025	17,500	SH		SOLE		0	17,500	0
MARRIOTT INTL INC NEW	CL A	571903202	298,320	1,200	SH		SOLE		0	1,200	0
NEW GOLD INC CDA	COM	644535106	100,800	35,000	SH		SOLE		0	35,000	0
NEW GOLD INC CDA	COM	644535106	144,000	50,000	SH		SOLE		0	50,000	0
NEW GOLD INC CDA	COM	644535106	720,000	250,000	SH		SOLE		0	250,000	0
NEW GOLD INC CDA	COM	644535106	2,880,000	1,000,000	SH		SOLE		0	1,000,000	0
NEWMONT CORP	COM	651639106	33,500	100	SH	Call	SOLE		0	100	0
NEWMONT CORP	COM	651639106	184,250	550	SH	Call	SOLE		0	550	0
NEWMONT CORP	COM	651639106	1,069,000	20,000	SH		SOLE		0	20,000	0
NEWMONT CORP	COM	651639106	1,603,500	30,000	SH		SOLE		0	30,000	0
NORTHERN TR CORP	COM	665859104	846,282	9,400	SH		SOLE		0	9,400	0
ON HLDG AG	NAMEN AKT A	H5919C104	132,898	2,650	SH		SOLE		0	2,650	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	185,100	10,000	SH		SOLE		0	10,000	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	185,100	10,000	SH		SOLE		0	10,000	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	407,220	22,000	SH		SOLE		0	22,000	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	925,500	50,000	SH		SOLE		0	50,000	0
PAN AMERN SILVER CORP	COM	697900108	1,043,500	50,000	SH		SOLE		0	50,000	0
PARAMOUNT GOLD NEV CORP	COM	69924M109	68,646	170,000	SH		SOLE		0	170,000	0
PERMIAN RESOURCES CORP	CLASS A COM	71424F105	204,150	15,000	SH		SOLE		0	15,000	0
PERPETUA RESOURCES CORP	COM	714266103	233,750	25,000	SH		SOLE		0	25,000	0
PROSHARES TR II	ULTRASHRT NEW	74347W395	69,320	4,000	SH		SOLE		0	4,000	0
PROSHARES TR II	ULTRASHRT NEW	74347W395	155,970	9,000	SH		SOLE		0	9,000	0
RANGE RES CORP	COM	75281A109	215,320	7,000	SH		SOLE		0	7,000	0
ROYAL CARIBBEAN GROUP	COM	V7780T103	1,631,712	9,200	SH		SOLE		0	9,200	0
ROYAL GOLD INC	COM	780287108	455,975	3,250	SH		SOLE		0	3,250	0
ROYAL GOLD INC	COM	780287108	1,122,400	8,000	SH		SOLE		0	8,000	0