Fearful Investors Stash Money in Luxury Goods

[jeffrey]

The uncertain financial markets and the euro crisis have left many Germans feeling nervous. Worried about the security of their savings accounts, increasing numbers of people are deciding they would rather invest in material goods like art, vintage cars and real estate instead. But experts warn that nothing is 100 percent safe any more...

Bling Boom: Fearful Investors Stash Money in Luxury Goods - SPIEGEL ONLINE - News - International

[bjl584]

The market for alternative investing has been huge for as long as the market for more traditional investments have existed. It's common for wealthy individuals to buy and resell paintings, sculptures, cars, vintage weapons, and etc. Perhaps this type of investing has increased in recent years due to low interest rates and a volitile stock market.

A coworker of mine, who is not wealthy at all, trades in musical instruments. He regularily buys and sells old guitars. He does rather well at it, as certain guitars are rare and appreciate in value rather quickly.