Why champagne could be a better investment than gold and the S&P 500

GUEST – Roland Peens, director and business development manager at Wine Cellar<br /> <br /> Champagne could be a better investment than gold and the S&P 500, having outperformed both in 2022.<br /> <br /> The London Internation Vintners Exchange (Liv-Ex) reported that, between January and September 2022, a case of all-Chardonnay 2012 Salon Le Mesnil soared 232%, from £3,800 to £12,600.<br /> <br /> The Liv-Ex Champagne 50 Index tracks the price performance for recent vintages of a dozen top brands. This index outperformed gold, the FTSE, and the S&P 500.<br /> <br /> The Champagne 50 was up 21.6% last year and, for five consecutive months, was the best-performing sub-index of the Liv-Ex 1000. The number of Champagnes traded also rose 13.5% in 2022.<br /> <br /> While the prices have since cooled down and even decreased, there is still hope for the Champagne market in 2023.<br /> <br /> Tom Gearing, chief executive officer of Cult Wines, <br /> told the Economic Times that he’s positive but cautious about the Champagne market for 2023. <a href="http://www.kayafm.co.za/">Kaya FM </a>