Financial and Business News

When the markets are going down, buy Champagne

When the market is demolish and investors no certainty for investment in shares and the prices of industrial raw materials fall under the pressure of slowing global economy and reducing consumption. At a time when the shock of the crisis banking system desperately seeking resources to ensure its liquidity, where one can put their money. As with any crisis and for that investors find salvation in the market of luxury and unusual goods that are available to fewer people and less susceptible to speculation and volatility.
Gold and oil futures are no longer exit, Andy Pik, 49 years his father in Atlanta recently invested money in liquid assets - 400 bottles of champagne for 120 000 dollars, reported Wall Street Journal. According to him, this is a deal that beat forecasts as security for the monthly financial statements of Merrill Lynch and the worst that can happen is just to have to have investment. He plans to wait several years and then sell vintage champagne in 1996 with good profits. More and more investors towards the market of products related to the fashion industry as a wave of alapaka received from animals such as llama living in the region around Peru. In pure form is used very rarely because it is quite expensive, and vicuna, called Vigo, which is very strong and excellent insulation qualities. This soft and fine wool is the most expensive natural fiber in the world.
Investors shift assets from uncertain to actual products with a high price, which will remain expensive no matter what happens to capital markets and how cost liter gasoline. Typical of this type until recently securing assets such as property is no longer considered safe after the average price of new housing decreased by 6.2 percent in August on an annual basis to 221 U.S. dollars 900, which is the lowest level since September 2004.
In July reduction in prices is greatest in Las Vegas with 30 percent and in Phoenix by 29 percent as compared to the same month in 2006 the value of U.S. homes fell an average of 19.5 percent. According to the National Register of alapakite in Lincoln, registrations of new animals grew by 7 percent to 140 297 this year. The price of one of those inhabiting Andes in South America, animals with long hair very fine hair, may reach 10 000 dollars and will probably grow in coming years. Financial firms report, to increase the number of people who invest their money in unusual assets, avoiding the standard used by industrial raw materials futures, stocks, bonds and mutual funds.
But the market offers a wide variety of options. Silver Age Comic Book Pricing Index, an indicator to assess the movement of prices of 32 of the traded comic magazines from 60 years increased by 14.2 percent over 18 months to July, while the Standard & Poor's 500 lost 11 of percent of its value for the same period.

Labels: Business News

posted by Zoritza Petrova @ 4:16 AM