LONDON, 20 April 2017 – Global news and financial data providers Bloomberg today highlight BullionVault's young sister business, WhiskyInvestDirect, as a strong and innovative investment idea.
Looking at the value added to Scotch whisky by long maturation in oak barrels, "The owners of London-based Galmarley Ltd., which founded WhiskyInvestDirect, figured all those liters sitting for years in warehouses could be bought and sold by investors," says Bloomberg's Tokyo team in an article now translated into English and published worldwide.
"Galmarley has some related experience. In 2003, it created BullionVault, a platform for trading physical gold and silver that now handles about $2 billion in transactions annually."
"Whisky in a barrel is getting better all the time, unlike gold and silver," Bloomberg quotes Rupert Patrick, whisky-industry veteran and CEO of WhiskyInvestDirect.
"The prices have gone up as you keep it and improve it. When we look at other asset classes...it's a pretty good return."
Read Bloomberg's full story here:
