Jump to content
House Price Crash Forum
interestrateripoff

Whisky Bonds Offer Eight-Year Money Back Guarantee - 9.5% Per Annum

Recommended Posts

http://www.telegraph.co.uk/finance/personalfinance/investing/12033634/Whisky-bonds-offer-eight-year-money-back-guarantee.html

Investors are being offered the chance to invest in a cask of single malt scotch whisky.

The whisky bonds, offered by Arbikie, a new Scottish distillery, have a £10,000 price tag.

Fine+Rare, a fine wine and spririts broker, which are offering the whiskey casks, one per each £10,000 investment, said it is hoping to attract wealthy investors who have a passion for whisky.

There are two types of cask on offer; ex-bourbon or ex-sherry.

The bonds come with an eight year buy-back guarantee from the distillery.

The worst case scenario, which will remove this guarantee, is that the distillery goes bust.

Jamie Graham, a sales director at Fine+Rare, said: “We are targeting the luxury end of the market and I am confident that we will give investors a good return on their money. But after eight years there is a get out clause and investors can simply sell the cask back to the distillery.”

If the distillery goes bust will you still get the cask?

Edited by interestrateripoff

Share this post


Link to post
Share on other sites

If they go bust, even if you get the cask you've probably got to pay the tax man for the duty. Worst case, they go bust and HMRC insist you pay tax on "your" property.

.

or, you could just get completely w@nkered.

surely if they go bust, you could do what other recivers do and call in your share of the assets at auction prices?

Share this post


Link to post
Share on other sites

Any "investment opportunity" that that someone is selling is by definition not a good investment, since if it was they would making the investment themselves rather than trying to sell it to you.

Edited by goldbug9999

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   48 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.