Cost of living crisis? Invest in wine & whisky (but don’t drink it)
The Financial Times (6.8) has reported that one hedge against inflation is to invest in fine wines and whisky. While I do drink wine its more often from Lidl than an a more expensive variant and I drink it.
Whisky I know a little more about. The price of Ardbeg’s annual limited release in June (this year Ardrocker) is a little over £100 and since there is no more of it, after that the price only goes one way, up and up (unless like me you’ve drunk it)
The FT reports that in the six months to June 30th at on-line Wine trader Bordeaux Index increased by 37%. The cost of 12 bottles of Chateau Petris is £54,000. A rare barrel of Ardbeg whisky was bought by a Japanese investor for £16m
According to Knight Frank Luxury Investment in 2021 fine wines were the leading ‘passion investment’ with a return of 16%,well above current inflation.
Anyway I’m on the beer which Invest in, in order to drink
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