Whisky is big business, and no more so than in 2020 it seems. With distilleries temporarily closing due to Covid restrictions and production slowing, casks produced in 2020 are predicted to become some of the rarest and most valuable in the future, believes cask whisky investment company Whiskey and Wealth Club.
While it will be some years before that prediction is proven true, 2020 has certainly been tumultuous, which could well see it remembered as a “significant time for the history of the whisky industry”, the company has said.
Predicting the future’s big selling drams is an inherently risky business, but what is clear is that the whisky investment has never been more buoyant, with returns typically outpacing wine, art and jewellery, with the value of whisky rising by 582% since 2009, according to Knight Frank’s 2019 Wealth Report.
Why Investing In Cask Whiskey May Be A Smart Move
Why Investing In Cask Whiskey May Be A Smart Move
Did you know that whiskey can be more than just your favorite beverage? Besides winding down with a glass at the end of the day, this dark and delicious drink might actually belong in your investment portfolio as well. We chatted recently with Jay Bradley, founder of the UK-based Whiskey & Wealth Club, to learn more.
Bradley explained that now is the time to invest in cask whiskey, particularly due to the volatility in financial markets from the ongoing COVID-19 epidemic. “We have seen an increased appetite from private investors and funds. Cask whiskey investment is increasing in popularity as investors look to hedge against inflation and the uncertainties of the markets,” he shared.