Are you ready to embark on a journey that not only diversifies your holdings but also adds a touch of sophistication to your investment portfolio? Look no further than CaskX, the experts in whiskey investment who are revolutionizing the way you invest.
What Is CaskX?
CaskX is a whiskey investment platform that enables accredited investors to acquire portfolios of bourbon, scotch and American Whiskey barrels, or casks. Similar in some aspects to the aging process of fine wine, whiskey serves as a non-traditional asset that appreciates in value over time.
The team of specialists at CaskX specifically tailor a strategy for each investor to best position their holdings to achieve robust returns over time. Generally, investments are barrels of “white dog” or new make spirit that has recently been distilled, as this category of asset has demonstrated the most significant levels of appreciation historically. By leveraging CaskX, investors can purchase portfolios of 24 or more barrels from distilleries in Kentucky, Tennessee, Texas and beyond which are then stored in distillery warehouses whilst they age.
Why Invest In Whiskey?
Bourbon casks offer multiple benefits for the investors. The first is that casks are a physical, tangible asset. Whereas most financial instruments are merely paper in form, casks are owned directly by the investor and can be visited at the secure distillery warehouse any time.
But, whiskey isn’t an asset that appreciates solely based on changes in supply and demand. It is unique in that it gets better with time. As the whiskey silently sits in the distillery warehouse it develops an ever increasing array of flavor and color, resulting in a more valuable spirit with each year that passes. It’s like opening a bank vault to find a gold bar when you initially deposited a copper one. Try finding magic like that with any other investment class, it’s an asset that truly appreciates over time.
If you ask us, we prefer a tangible asset that we can see, touch and, of course, taste. Contrast that to trendy new assets like cryptocurrencies. Despite the alluring promises of the blockchain, research shows historical performance is not as grounded as it would lead you to think. And, if something goes sideways what can you do with that string of numbers and code? Not much. Meanwhile, every drop of whiskey that is contained within a barrel just keeps getting better, undeterred by the whims of the market and awaiting the chance to one day be enjoyed in a glass.
What Are The Benefits Offered By CaskX?
CaskX serves as the bridge that links investors to whiskey barrel investment opportunities from distilleries across the globe. Acting as an intermediary, it simplifies the investor-distillery interaction, ensuring a seamless and fully compliant process with all legal prerequisites. As pointed out by CaskX, “The company was established with the goal of becoming the world’s leading platform for whiskey investment, bridging spirits and finance in an entirely new way.” By working with CaskX investors can invest in whiskey in a simple and transparent manner that brings the latest in financial technology to this time-tested category. From convenient systems to monitor holdings to annual audits that verify assets, CaskX offers unparalleled transparency and due diligence.
How Safe Are My Whiskey Investments?
As an added assurance, all whiskey barrels managed by CaskX comply with local legislation relating to whiskey as both alcohol and an investment security. “In the United States, casks are stored at federally licensed distilleries. In Scotland, casks are stored in warehouses under the protection of a government body called the HMRC.”
Furthermore, every investment is covered by insurance and includes complimentary storage “for a minimum of 8 years.” Clients likewise receive a certificate of ownership for every whiskey barrel acquisition backed by additional documentation from the distillery itself.
They take it even further via an annual on-site inspection by a third-party auditor to guarantee all your investments are in order and match records. As of this writing, CaskX is currently servicing more than 400 clients in the United States of America, Australia, Hong Kong, and other territories, with over 15,000 whiskey barrels under their care.
Our Takeaway
Going through the press materials supplied by CaskX, we are convinced that whiskey is a sound investment strategy for anyone who seeks to diversify their holdings. Instead of going through all the complex procedures to secure a barrel or more of these sophisticated spirits, delegating it to those with extensive know-how about these matters is the best course of action in our opinion. Plus, you can even go on a VIP tour of the distilleries you invested in. Get in touch with a representative to discuss the best whiskey that would position you closer to your financial goals.
