Washington, D.C.

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 16, 2005

                      U.S. GLOBAL INVESTORS, INC.
             (Exact name of registrant as specified in its charter)

       Texas                      0-13928                  74-1598370
  (State of other juris-        (Commission                IRS Employer
 diction of incorporation)      File Number)             Identification No.)

    7900 Callaghan Road, San Antonio, Texas                 78229
    (Address of principal executive offices)              (Zip Code)

Registrant's telephone number, including area code: 210-308-1234

       (Former name or former address, if changed since last report)

Item 9. Results of Operations and Financial Condition.

On May 16, 2005, U.S. Global  Investors,  Inc. issued a press release  reporting
earnings and other financial  results for its third quarter of 2005, which ended
March 31, 2005. A copy of the press  release is attached and being  furnished as
Exhibit 99.


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                    U.S. Global Investors, Inc.

                                                  By:/s/ Catherine A. Rademacher
                                                     Catherine A. Rademacher
                                                     Chief Financial Officer

Dated:   May 16, 2005