Investing in Scotch whisky as taken off in recent years. Many who invest in Scotch whisky view this as liquid gold. So what should you look for if you want to invest in Scotch whisky?
Invest In Scotch Whisky
First of all, you have to realise that investing in Scotch whisky comes with risks. Reports from the markets have shown that some of the rarest whiskies have gain around 15% in their value. However, over the last year some of the worst performing brands lost around 11% on their value.
Here’s our top 6 tips on investing in whisky.
- Choose Scotch whisky. Just now no other country can match Scotland when it comes to quality whisky. It also has a longer heritage than whisky from other countries.
- Look for quality. It’s not just a brand that buyers are looking for, but quality of the whisky. Of course some brands do command a higher price. But smaller distilleries also produce high quality, collectible whisky.
- Be careful of limited editions. Anything can be called a limited edition. The best investments are single malts which are single cask and are bottled at cask strength (around 55% or more alcohol content.)
- Search for whiskies from defunct distilleries. The most sought after whiskies are from distilleries which have closed down. A classic example is Port Ellen single malts. A quick online search will show just how valuable these whiskies are.
- Be careful of imitations. There’s a large market for empty whisky bottles. Some unscrupulous people buy these, fill them with something nasty and cheap and then sell them on as collectible. Always buy from a reputable source.
- Check the condition. Whisky doesn’t continue to mature in the bottle. It does evaporate though. So check the fill level. It should be well near the top, not half way down the neck.
- Check with your accountant on and tax implications if you are investing in large amounts of single malt Scotch whisky.
Whisky has become big business. It accounts for 25% of the food and drinks export from the United Kingdom and is worth well over £1.5 billion. Over 10,000 people are employed in the Scotch whisky industry.