There are plenty more reasons for Covid-related optimism in the world of whisky investments. The interruption in production of whisky that was caused by lockdowns in Scotland means that there will be a shortage of supply that will have a lasting impact on the value of whisky from this time period for years to come.
That’s why cask whisky investments make so much sense right now. According to the Scotch Whisky Association, there are 22 million casks maturing in warehouses currently, while Scotch is as popular as it has ever been and is only continuing to grow around the world.
It has weathered the storms of Covid-19 and lockdowns and the new whisky that has been produced through this crisis has the advantage of being less plentiful than in other years because of those shutdowns.
Another boost this year came with the suspension of the damaging US trade tariffs that had been imposed in October 2019 and had caused a drop in Scotch trade of 30% (worth over half a billion pounds).
Cask whisky investment is already on the up, according to the IWSR, which has valued it at $40m and growing rapidly. Of course, casks mean a long-term investment, so any casks you buy now will be maturing at a time when the world will (hopefully) look like a very different place, especially given that maturing casks have shown an average return of 12% per annum over the past decade.