Pity Anyone Who Invested In Wine In The Past Year
Pity Anyone Who Invested In Wine In The Past Year
Jul 9, 2012 6
(BusinessInsider) - Disclosure: I’m biased. I love wine—almost as much as I love craft brews—but I’m leaning towards Californian wines; they’re awesome and grow in my extended neighborhood. More precisely, I love drinking wine, not keeping it locked up in a refrigerated vault, and certainly not investing in it. Hence, I have little sympathy for those who got the timing wrong when they bought high-dollar French wines for the sole purpose of investing in them, instead of drinking them, and I certainly don’t feel sorry for them in their plight. But a plight it is.
It all has to do, like so many things, with the China bubble, and central banks.
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