Wine trading up to counter inflation

With inflation on the rise, cash in the bank at miserly interest rates is losing value. So the move to assets that will rise with inflation are in demand. Fine wine is seen by many as one of them.

Global fine wine trading company Bordeaux Index’s founder Gary Boom told the FT that interest in wine and whisky as asset classes had “never been higher”, with people “scrambling” for investments that could outpace inflation.

Bordeaux Index has seen a leap in revenue in the first six months of the year, which saw turnover up 37%, as investors seek refuge from soaring inflation. It noted that traditional asset values had declined over the same period, with the S&P500 falling -22%, the FTSE 100 down -3%, Gold up only +1% and Bitcoin down at -60%.