The economic downturn, particularly poor returns from the stock market and property has prompted people to look elsewhere and wine is attracting increasing attention as a commodity which can be expected to rise in value. Wine has performed well in recent years and despite experiencing a correction in late 2008, it has shown good growth since then, with many wines showing better returns now than before. Much of this has been driven by new wine-consuming markets, with China leading the charge. Demand has increased but the supply has remained constant. With banks offering low interest rates on savings, and uncertainty in the world markets, people are seeking out alternative places to put their money.
- James Nicholson
http://www.jnwine.com
Interesting update.
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