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ALL WINE INVESTORS SHOULD USE A STORAGE FACILITY
A storage facility like London City Bond or Octavian assures and insures your wine in temperature controlled and light conditions. Wines need to grow and develop, and you will need perfect conditions to guarantee the re-sale of your wine
These cost between £10-25 a year per case, but a broker company should pay for this within the 10-15% profit they make on sale.
These companies are 3rd party and some have existed for over 200 years.
Your wine will be ‘IN BOND’ this means it is in ‘TRANSIT’ - not liable for VAT. Wines stay like this between year 1 and year 50 sometimes and change hands up to 10 times without ever actually moving.
When someone eventually drinks the wine, they will pay the VAT, not you!
By investing in wines you actually own the stock and this means that you won a physical tangible asset that always retains a worth. Unlike the banks and shares which boil down to a piece of paper, you own something that carries infinitive historical worth.
It’s important for the company to offer you an account with your own rotation number so that you can verify that you own the stock. There have been occasions in the past where a company kept stock under its own name and when the company closed down, the stock was sold for replace company debt.
When the wine is stored under your name is can only be released or sold when you sign and authorise the trade.
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