Share this page with your friends:

Print

Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

The Texas Economy Trumps That of Russia

April 18, 2018

You’ve heard the expression – everything’s bigger in Texas! This definitely holds true when it comes to the size of Texas’ economy. Frank Holmes discusses how even though Russia has five times more residents than the Lone Star State, Texas’ economy is $400 billion larger at $1.7 trillion. Russia still dominates as the world’s top crude oil producer, but the U.S. is close behind in second place, with Texas pumping out 40 percent of it.

For Frank’s full explanation of how the Texas economy trumps that of Russia, watch the video below!

Want to learn more about the domestic energy sector? Read Frank’s blog, U.S. Energy is Breaking All Kinds of Records – Are You Participating?

Frank Talk Live features U.S. Global Investors’ CEO and Chief Investment Officer Frank Holmes as he dives into a new investment topic, from gold mining and global resources to digital currencies and emerging markets. Tune in weekly for updates on these key financial markets.

Want more market insights from Frank Holmes? Subscribe to his award-winning CEO blog Frank Talk by clicking here.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

 

Net Asset Value
as of 11/16/2018

Global Resources Fund PSPFX $4.87 0.01 Gold and Precious Metals Fund USERX $6.51 0.10 World Precious Minerals Fund UNWPX $3.18 0.02 China Region Fund USCOX $8.18 -0.03 Emerging Europe Fund EUROX $6.30 -0.03 All American Equity Fund GBTFX $25.02 0.10 Holmes Macro Trends Fund MEGAX $18.49 -0.01 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change