Investors for decades have said, gold is the investment safe haven. During the 2007 recession, most investment advisers told clients “cash is king.” Even while the markets try to recover, fiscal cliff and other economic worries have dragged down the market, not even exempting technology powerhouse Apple Inc. that has fallen more than 20% from the September peak.
From these uncertain times in the market, investors have taken to alternative forms of investments such as art, real estate, and alcohol. Recently in B.C.’s flagship liquor store located on Cambie street in Vancouver, wine lovers and connoisseurs alike flocked to the store for a chance to purchase a 2009 Bordeaux. It is speculated that this year could be the greatest vintage ever. This is a perfect example of the chances alternative investors are taking. A bottle of 2009 Bordeaux will set you back anywhere from $29 to $4,000!
As well, one of 88 bottles of a rare scotch priced at $33,500 is currently exclusively available at the Cambie store. A large percentage of alternative investors are Chinese that are not only investing in fine wines and whiskeys, but have driven the Vancouver real estate market for years. In a risky market, these investments may be the new safe haven.
