gnasher16 29,754 Posted December 2, 2014 Report Share Posted December 2, 2014 (edited) I think I remember from a previous thread that you invest in wine gnasher, is it worth it? I invest in all sorts of shit mate........human beings included .......yes the wines a decent little return,like anything else the more you plough in the more your likely to see back with a bit of patience.... i just like the fact you can sit back forget about it and let others do the brainwork......you,ll see a lot more than you will off the interest of your average savings account put it that way Edited December 2, 2014 by gnasher16 Quote Link to post Share on other sites
socks 32,253 Posted December 2, 2014 Report Share Posted December 2, 2014 Do you need to invest a lot gnash or can you get a healthy return on a modest amount ? ........ Quote Link to post Share on other sites
Lab 10,979 Posted December 2, 2014 Report Share Posted December 2, 2014 Buy a field and rent it out for horses. The bigger the field the better. 1 Quote Link to post Share on other sites
air gun ant 1,666 Posted December 2, 2014 Report Share Posted December 2, 2014 Land, anything you can because one things for sure...... They're not making any more of it, and it's only going to go up in value Quote Link to post Share on other sites
bobcullen79 1,495 Posted December 2, 2014 Report Share Posted December 2, 2014 http://www.telegraph.co.uk/finance/personalfinance/investing/9888633/Wine-is-not-like-shares-or-cash.html Unregulated, risk of fraud, fire, etc. Heavy storage costs and these can go up at any given point. I'm sure lots can and do make money in wine , but I certainly don't think there's more winners than losers. You sure thats not urban myth Joe, or are we believing the media now? Quote Link to post Share on other sites
Waz 4,226 Posted December 2, 2014 Report Share Posted December 2, 2014 Land ....... Apparently they arent making any more... Quote Link to post Share on other sites
Zerky 133 Posted December 2, 2014 Report Share Posted December 2, 2014 Obtala Resources Limited shares!! Quote Link to post Share on other sites
gnasher16 29,754 Posted December 2, 2014 Report Share Posted December 2, 2014 (edited) http://www.telegraph.co.uk/finance/personalfinance/investing/9888633/Wine-is-not-like-shares-or-cash.html Unregulated, risk of fraud, fire, etc. Heavy storage costs and these can go up at any given point. I'm sure lots can and do make money in wine , but I certainly don't think there's more winners than losers. Risk of fire .....id like to know how a fire starts in multi million pound super hi tec vaults......that is such a silly article theres risk in any investment but theres reasons way beyond standard economics that wines fluctuate in value.....anything from a bad vintage to master taster critics.......the worldwide top wine critic is a yank called Robert Parker he only needs to give a 100 point score and that wine will increase by 25% in value overnight ! Socks you have Corsham Cellars close to you go and have a look round and ask some questions.......its probably one of the best cellars in the world with well over 1 billion pound of wine a few hundred feet underground covering something like 50 acres !!.......even for no other reason than pure interest its worth a look. Edited December 2, 2014 by gnasher16 3 Quote Link to post Share on other sites
Parabuteos lad 878 Posted December 2, 2014 Report Share Posted December 2, 2014 Gnash you have a pm mate Quote Link to post Share on other sites
gnasher16 29,754 Posted December 3, 2014 Report Share Posted December 3, 2014 You seem to have a bit of an issue with the plonk Joe ..... i couldnt quite work out why you put up a link to Numanthia then changed it to an arson case .......aint been turned over for a few quid have you 1 Quote Link to post Share on other sites
Waz 4,226 Posted December 3, 2014 Report Share Posted December 3, 2014 For a few years ive been thinking of buying some gold or silver coins, just would be nice to know whether I can buy and sell anonymously. Am thinking of hanging onto 5 + years. Quote Link to post Share on other sites
dare 1,103 Posted December 3, 2014 Report Share Posted December 3, 2014 Just a question with wine investments. Is it a common thing used by scammers? Reason I ask is I have known two people to do wine broking. Not sure how but both them said it was a scam. Didn't pay much interest and not good mates was out to party with em so didn't talk about work. Someone I know fairly well though has done diamond broking but the diamonds don't actually exist or something? He ended up getting the sack after too many messy weekends n not going in Monday. Not something id ever agree with as I imagine the poor sods investing money and being done are old people. Not good for anyone to get done like that but old people goes right against my morals. Not saying its all scams or anything just curious as to if its common practice. My uncle earns silly money buying and selling signed first edition books. Never read a book in his life was my dad who got him into it. Unlike my dad though his got a lot of money so can grab any deal that comes his way. Pretty much anything he touches he does well with and makes money. Quote Link to post Share on other sites
gnasher16 29,754 Posted December 3, 2014 Report Share Posted December 3, 2014 Wine is categorised as a " wasting asset " and so not liable for Capital Gains......look its not some kind of get rich quick sheme yes id imagine theres scams go on like there is in anything....its a difficult commodity to get rid of in a hurry so you cant rely on it for liquidity.......its basically an ideal way of turning over a few quid that you might otherwise stick under the mattress and forget about.......i look at it in a similar way to having a bet on the dogs or something,dont take it too serious and dont invest more than you can afford to lose ( or drink )....... and i dont even drink so im on hiding to nothing if it went wonky 2 Quote Link to post Share on other sites
WILF 44,478 Posted December 3, 2014 Report Share Posted December 3, 2014 No matter what you choose to invest in, there's no guarantee.......the only way is to lay your money out and take your chances. And don't forget, you earn your money when you buy not when you sell Quote Link to post Share on other sites
desertbred 5,490 Posted December 3, 2014 Report Share Posted December 3, 2014 invest it in wine women and song then squander the rest 1 Quote Link to post Share on other sites
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