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STOP INVESTING IN WHISKY CASKS
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- เผยแพร่เมื่อ 12 ส.ค. 2024
- *PLEASE NOTE THAT THIS IS NOT INVESTMENT ADVICE
A guide about what to look for when "investing" in whisky casks. Please note that this is not investment advice, this is simply a word of caution from a professional working in the industry.
www.thewhiskybaron.co.uk/buy-...
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Really great to hear good impartial advice from someone who understands the space.
glad I can be of some help!
Fantastic information thank you.. your honest view on one of the most established brokers… vintage acquisitions please.
you're most welcome Chris, glad you've found it useful. unfortunately we can't offer opinions on specific companies as it puts us in a precarious position legally, however, I think you'll find that VA were originally in the wine trade and moved into whisky when the market started shifting. that might tell you everything you need to know
Thanks for making this vid. Done me a right favour. Top bloke!
You’re most welcome David, glad you’ve found it useful!
That was a fascinating video. Thank you.
thanks for watching Dave, glad you found it useful
I get some friends asking me about this very subject and I know next to nothing about it. Now I've got some great advice to sure with them. Cheers mate.
You are most welcome Al, glad you've found it useful! Feel free to get any friends/colleagues to contact us directly if they'd like to have a more in-depth chat about anything
Again lots of informative information thanks really helpful.
you're most welcome Carl, thanks for watching!
Thank you very much for this insightful and detailed information! I think I will stick to actual bottles of whisky 😉
glad you found it helpful Wouter, thanks for watching! Sure you can't really go wrong with a bottle can you!
This was a great video I really enjoyed it. As a microdistillery owner I really appreciate the honesty in this video, as well as the optimistic view for the industry.
thanks for the support Dalton, glad you liked it. which distillery do you own?
@@TheWhiskyBaron fifty two aces in Paxico Kansas. Just getting started but already have a lot of support from the local community.
@@whitebroengineered glad to hear it! best of luck to you as you push forward and I'll look forward to trying your wares some day soon. sláinte
@@TheWhiskyBaron thank you. I appreciate it
great information I've recently took some of my pension money as i turned 55 i am interested in a 5 or 10 year investment what is the usual
average cost of 1 cask to invest in i may not have enough money thanks for the advice
if you're looking for an investment I'd advise looking elsewhere - whisky casks aren't an investment. casks can be as little as £500 depending on age/size/liquid but I'd recommend caution before getting involved in the market
Glad stumbled upon these videos was looking at investing in whiskey and wealth club looks like I should do more DD before I do the offer is a guaranteed 100% up lift on price with in 6 years suppose the saying if it sounds to good to be true it is
exactly Mick - nothing in life is guaranteed! glad we could be of some help
@@TheWhiskyBaron I’ve sent my details over hopefully you can guide me in my first investment
Thanks for sharing your knowledge. I was wondering if you know any warehouses available to store casks owned by individuals too.
you're very welcome Lorenzo, glad you found it helpful. it depends really - international customers are catered to much more readily whilst UK customers don't have much option. Ultimately most warehouses avoid working with individuals though as it's more of a headache in a number of ways
@@TheWhiskyBaron thanks for your kind reply. I was wondering if you could please let me know which are the new distilleries you briefly mention in your video. Thanks.
@@lorenzovianello6079 I don't want to recommend any particular distilleries as we don't work alongside any of them and so I'm not familiar with all of their rules/regulations/deals when it comes to their casks. what I can say is that most newer distilleries will advertise this on their website, so find a brand you like and see what their T&Cs are like
Very useful and interesting video. However, how old a distillery has to be minimum to be considered 'new'?
I'd say any distillery under 10 years old is new
@@TheWhiskyBaron thank you.
@@Lamenteinglesa no worries, glad I could help
How would you know if its going to be below 40%?
How would an investor who is not there and knows nothing will have transparency into this risk?
ultimately this is quite difficult to clarify as a private individual. easiest way to ensure the info you're being given is correct and up to date is to ask for a fresh regauge of your cask/the cask being offered and ensure you have the paperwork from the warehouse
This scam is endemic in ireland at the moment..the problem is you can't tell people anything once they've made up thier minds. "It's easier to con a man than to convince him he's been conned"
couldn't have said it better myself! you're right, the Irish market is rife with crazy pricing and scams at present. hopefully it will all break sooner rather than later
@@TheWhiskyBaron we're a fertile ground for scammers..everything from stamp investments to bulgarian property and eircom shares..again nobody will listen
Ever heard of UKV international? Any thoughts? Looking at investing
I have not, so no thoughts. one thing I will say is whisky casks aren't an investment, so perhaps it's worthwhile considering what you're looking to gain from this side of the industry and potentially consider some alternatives
Can you recommend any good small Irish or Scottish distillerys to buy casks from ?
I personally wouldn't make recommendations on where to source casks as there are too many variables at play
@@TheWhiskyBaron can you please give me an email address to contact you/someone from your team to discuss cask procurement. Cheers
How would you feel about purchasing a whisky cask and immediately taking it out of bond and home with you on site, after checking the avb and fill level of the cask ?
You legally can’t do this Daryl - casks need to be bottled and duty is due before removing liquid from bond
@@TheWhiskyBaron thanks for the reply
@@darylmolloy3590 always here to help!
so if i was to invest it would be better to go direct through the destillery?
when you use the term invest it indicates that your primary driver is financial gain. as such I can only really advise speaking with multiple sources to find the best price and holding for the long term - whisky is a patient persons game and the idea that you can double your money overnight is absurd
@@TheWhiskyBaron cheers man appreciate the response, I came into a little money nothing crazy but wanted to invest in something for later in life so I'm happy to be in it for the long haul. I don't really know much about whiskey but an investment long term would be something that would suit me
@@Musafrabad101 you're very welcome. I wouldn't rush into anything as there's a lot happening in the secondary market at the moment and there will be some great opportunities in the near future
I was looking to buy a cask , they offer a certificate of ownership , is this legit , they say after 5/6 years investment is doubled
It’s not a legal document so you’re not the cask owner and their predictions are entirely speculative. Doesn’t sound promising to me but I’m happy to have a conversation if you’d like to talk in depth
hi id be happy to answer your question .
All your cask ownership certificate is for is hanging up on a wall. you should have received a delivery docket from the bonded warehouse that is storing your cask this is your proof of ownership . You should be after signing a bond contract with said ware house for the amount of time your cask is been kept there .
Which are reputable Cask Investment Companies?
there are none - anyone selling you a cask as an investment is in the market for purely selfish reasons and you will likely end up overpaying
@@TheWhiskyBaron Thank you for sharing your thoughts. What would be a proper way for a foreign investor to invest in a cask, if not via a broker or stockist that has a WOWGR license and can act as a duty representative on my behalf?
I learned from the SWA website that nowadays an invoice or certificate of ownership may suffice as a proof of ownership and delivery orders are not obligatory to hold as an owner.
@@TheJorgoz I would proceed with caution and ensure you speak with a few different vendors before making any decisions. I'm very happy to have an initial conversation with you if helpful; I can give you some insight to start your journey off and maybe answer a few of your more pressing questions. feel free to contact us directly through our website
What about whiskey acciquistions any good?
this guy is wrong on so many of his points, I'm not sure where to start.
Wherever you’d like Aaron - talk to me
You need to elaborate if you’re going to make a statement like that Aaron… personally, I think you’ve done a cracking job with this video lad… many thanks…
@@stoowho1 appreciate the support Stu! Funnily enough, if you google Aaron's name there he's a 'portfolio manager' with a company that sells cask investments. might explain his position on this..