Precious metals have attracted investors on the hunt for alternative assets in recent years. 2020 has been a roller coaster for gold. Prices for the yellow commodity broke above $2,000 per ounce in the summer of last year, an all-time high. Gold was trading at just over $1,730 per ounce as of last week.
Jerome Powell, the 16th chair of the Federal Reserve, serving in that office since February 2018, recently said that the central bank had no intention to raise interest rates in the next few years. Some economists and well known analysts are openly worrying about the potential for higher inflation as the recovery gets underway. This situation is bullish for gold stocks.
While most metals have struggled in recent months, Gold is still up in the year-over-year period. There is a few gold stocks that still offer decent value for investors willing to take part of the next bounce in commodities.
If you’re looking for a gold stock that can offer you a bit more growth potential but is still on the safer side, consider TriStar Gold (TSG.V) (OTCQX: TSGZF).
Tristar Gold is an exploration and development company focused on precious-metal properties in the Americas that have the potential to become significant producing mines. The company’s current flagship property is Castelo de Sonhos in Para, Brazil.
Brazil has a long history of base and precious metals exploration and mining, resulting in Brazil making headlines globally and a hub for several Canadian mining companies.
Last month, TrieStar Gold Inc. announced results from 18 holes completed in November of last year at the Castelo de Sonhos gold project . There are two drilling programs currently underway at CDS: Resource growth drilling Currently, project resources stand at Indicated: 17.7 million tonnes at 1.2 gt, containing 0.7 million ounces of gold Inferred: 39.8 million tonnes at 1.0 gt, containing 1.3 million ounces of gold.
TriStar geologists have recognized the potential for higher-grade bands to exist at depth, where granitic intrusions may have provided a heat source and fluids for taking paleo-placer gold in to solution, moving it slightly, precipitating and possibly concentrating it in a new location outwards and ahead of the intrusion.
TriStar Gold Inc. is an ideal investment for investors who want a safer alternative when investing in the gold sector.