Whiskey & Wealth Club Sees Increase in Spend as Investors Move Away From Stocks
02 April 2020 - 1:30PM
Business Wire
In March alone investors put £1.1 million into
cask whiskey through wholesale company, Whiskey & Wealth Club.
With just over 62 pallets sold in the company’s second most
successful month to date. Equating to over 370 casks at 200 litres
per cask.
The company is seeing larger amounts being invested by private
individuals as more and more investors look to hedge their bets
against the crashing financial markets. This comes as the banks cut
their dividends earlier this week following pressure from
regulators and Britain’s FTSE 100 fell by a further 3.9%. Many
shareholders will be suffering the repercussions of this economic
downturn and will increasingly look to invest elsewhere.
Whiskey has fast become one of the most popular alternative
investment opportunities, with rare whiskey topping the Knight
Frank Luxury Investment Index. Unlike rare whiskey, the value of
cask whiskey is tied to its age rather than the markets, making it
appealing to investors in the current climate.
Whiskey & Wealth Club offers both private investors and
funds the opportunity to buy wholesale whiskey. Casks of new make
spirit are purchased from leading distilleries across Scotland and
Ireland at ultra-wholesale prices. The casks are then stored in a
secure bonded warehouse to mature for at least three years, before
it can be bottled, sold or aged further.
Co-founder of Whiskey & Wealth Club, William Fielding says,
“We have seen an increase in investors over the last few months due
to market fluctuations. We have also been hearing from distilleries
across the board that they are planning price increases of up to
20% in the coming months. As the markets continue to tumble, with
dividends being suspended, now is a great time to secure wealth in
other forms of asset-based investments.”
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