This has left people looking for new options that come with less risk of being impacted by local lockdowns and industries being affected by the way we’re all living our lives in the shadow of coronavirus.
One of the safest bets right now seems to be investing in whisky, which could be giving you a better return than gold, Bitcoin or the S&P 500 shares index. This is according to a new data modelling algorithm that has been used to produce the BC20 Whisky Cask Index, based around the values of whisky of various ages produced across a range of Scottish distilleries.
The Index says that if you had invested $100,000 in whisky casks in July 2018, you would have assets worth close to $160,000 by the end of June 2020, which is more than you’d have had if you’d invested in Bitcoin or gold.
Amongst the other insights from the Index is the revelation that since January 2019, the projected average annual capital growth rate for whole casks of Scottish whisky has risen by more than 2 percentage points.
The Index also shows the benefits of investing in older whiskies, because there is a sharp increase in value of casks over the age of 20 years, while casks that are more than 45 years old can go for as much as £600,000.
But if you don’t have the money for that kind of investment there’s also good news regarding newer make spirits, which show a large percentage increase in their younger years.
The average annual capital growth rate for casks is greater than 13%, with some of the most sought after brands approaching 20%. The lowest growth rate was 5%, meaning none of the brands offered negative returns.
Laphroaig offered an average of 19.88% projected annual capital growth, followed closely by Bunnahabhain and Staoisha in the top three distilleries in the Index.
Gordon added: “The report confirms the anecdotal evidence we’ve witnessed over the past few years and it’s reassuring to see not a single distillery index with negative returns throughout our period of study.”