History shows during a financial recession it does not effect the whisky and whiskey growing sectors.
Paul Dransfield
Lionel Messi Wines - International Sommelier LLC - Seven Seas Collectibles Limited - Curtisium ART AROI Glass - Wine Consultants Channel Island Ltd - Wine.je - Michael Godard Fine Art - Belleek Castle Beverage Brands
Interesting to know that during the 1987 Black Monday and the financial slump between 2007 - 2009 it did not effect the global demand for whiskies. In fact the appetite for whiskies is only growing with nearly $5.8bn being exported between Scottish and Irish distilleries. Creating over 50,000 related jobs across the industry.
Over 85% production is exported overseas to over 180 Countries.
From 2014 Ireland only had 8 distilleries in 2019 this figure reached 32 with more being pencilled in.
Global sales of Irish whiskey grew from 60 million bottles in 2010 to 144 million in Jan 2020, plus during 2020 exports grew again 19%. You can clearly see the resurgence in the sigmoidal growth in Irish Whiskey, where back in the mid 19th Century 88 licensed distilleries, which exported over 400 brands into the USA alone, note this dropped to only 2 distilleries in the mid 80s.
Yet from the above work it out yourself, investing in Irish Whiskey is certainly something to consider, especially investing in rare limited ultra set collections like what Craft Irish Whiskey produce, without a shadow of a doubt, they are currently best in their field.
Finally the overall market is growing in double digits annually for the last two decades. And its firmly set to double again by 2030, for demand far outweighs the supply. No tax on these liquid asset gains, resulting in more and more people globally wanting to invest in liquid gold.