Single malt or blended whisky? No matter which one of the two you are fond of, you should know that whisky isn’t just a drink anymore but also an investment asset. Sounds unusual, isn’t it? The reality is that people around the world have started to acknowledge the value of whisky as an investment asset and search for ways to make a profit out it besides selling it as a drink.
There are two ways of investing in physical whisky. The first is to buy bottles of whisky on the open market or at auctions. The second is to invest in maturing whisky while it is still aging in a bonded warehouse. Whisky prices at auction have been rising inexorably in recent years, fuelled by a succession of record-breaking bottles. Demand seems to be greater than ever as buyers are becoming much more educated, so they are branching out in their interests.
Some experts suggest that rare whisky is a good long-term bet for investors who are searching for different ways to increase their wealth and add that whisky prices have risen by 582% in the last ten years. The Scotch whisky market is rapidly expanding with whisky exports reaching a staggering £4.7bn figure during 2018. It should be mentioned that the figure amounts for 20% of the total United Kingdom food and drink exports.
Financial analysts suggest that Scotch whisky and more specifically the right collectable whiskies could be a better long-term bet than gold, wine, classic cars, or other alternatives to the stock market. The figures verifying this view are quite impressive. According to a recently released survey, rare whisky has gone up 40% during 2018, outperforming coins which were up 12%, wine and art up by 9%, watches up by 5% while jewellery lost 5% of its value.
Investing in whisky isn’t a sport for sprinters, it is a marathon that requires patience which is a virtue especially when money is at stake. Whisky investors are required to build a long-term strategy, waiting patiently for whisky to mature in casks, but in the end the reward will be significant. The thrill of finding the right kind of whisky with the necessary quality and the rewarding feeling seems to drive whisky lovers and investors to put more and more money in purchasing the popular beverage. This time however not for drinking it but for making money out of it.
If all this sounds attractive to you, you should consider doing some research and learning some things about the benefits of investing in whisky. Entrepreneurs with years of experience have already started to invest and making profits so perhaps you should also embark on this experience. So instead of just drinking whisky, become an investor and benefit from it!