Investing in wine will offer "a very nice return"

Investors looking to use their private wealth to make alternative investments might want to consider purchasing wine.

According to Gary Boom, managing director of fine wine trading firm Bordeaux Index, the beverage can be an ideal investment, provided the correct bottles are selected.

He explained the new 2009 Bordeaux wines will ’set new levels for prices’, but will still be in high demand due to the fact that it is ’one of those one-off vintages you get every 30 or 40 years’.

This makes it a great investment for the future, he argued, stating the 2009 produce will be an astute purchase.

’In ten years time you will make a very nice return on it,’ he predicted.

Wine may offer a less conventional alternative investment than precious metals such as gold or silver.

The price of gold has retreated from the record highs that were set during December 2009 and, according to Bloomberg, the precious metal was priced at $1,184.73 (£780.27) per ounce in London at 10:36 BST.ADNFCR-2318-ID-19756687-ADNFCR