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Whiskey & Wealth Club: Investors Continue to Put Their Money Behind Whiskey
Finanz Nachrichten - June 12, 2020
During lockdown, investors have put £3.5m into cask whiskey through wholesale company, Whiskey Wealth Club. A total of 197.5 pallets were sold between March and May, an increase of 300% from the same period last year. The majority of this was in Scottish whisky as investors take advantage of the rare single malt available.
This comes as investors increasingly look to hedge against the crashing financial markets with asset backed investments. The FTSE 100 Index has trended downwards for the last couple of months as investors grow uncertain about the strength of the European economy, as a consequence of Covid-19.
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