Find your recipes and restaurants here

Whisky, bet your socks on it!

For businessman Michel Kappen, an excellent single malt is more that just a drink to savour with a couple of friends after a good day on the stock exchange.

by: Reuters | 14 Nov 2007

Whisky can be a high yield asset for investors wary of volatile equities market, he said at the launch of his World Whisky Index, a website that aims to bring buyers and sellers of rare and expensive whisky together.

"If you invest in stocks, there is always the risk the value will go down. With whisky, we do not see that," he said.

"It is a very stable investment. The annual rate of return is 12 percent," said Kappen. He cited the example of a bottle of Black Bowmore Scotch malt whisky, distilled in 1964 and bottled in 1995.

"From 150 euros (R1, 460) in 1995, this bottle is now worth 2,450 euros (R14, 742)," he said.

The World Whisky Index currently has 2,853 bottles of whisky on its list, with the most expensive priced at 650 euros and the oldest dated 1926.

Still, a drink is a drink and a personalised bottle of rare whisky could boost one's career, said Kappen.
"You can look in the Index for a whisky distilled or bottled in the year that your director was born and give it to him," he said.

- None


NEXT ON FOOD24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
There are new stories on the homepage. Click here to see them.