Gold vs Wine: We Have A Winner

Tyler Durden's picture

One may not be able to eat gold, and one can certainly drink wine (in fact, in moderation it is encouraged by the surgeon general), yet when it comes to the age-old competition of which one makes a better wealth-preserving investment, we finally have a clear winner.

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PaperBear's picture

I'll drink to that. Too obvious ?

Turd Ferguson's picture

I'd have no problem whatsoever switching to the "wine standard". In fact, I encourage it.

trav7777's picture

you can eat gold, shit it out and still have it...sounds like win/win

Jack Napier's picture

Big surprise, whining doesn't accomplish as much as stacking.

InconvenientCounterParty's picture

Base wealth is more or less defined as the quantity of non-consumable units you can trade for consumables.

Wine in particular is fragile and depends on a number of counter parties. Handling and storage history are big, so the shit ends up like RMBS in a sense. The more the bottle changes hands, the more counter party liability you acquire. I doubt the ZH crowd would want any part of that circus.

If the consumable seems too complicated to formulate an index for, or it's a collectable item with notional value, don't bother.

I'm standing by for the definitive gold/hard liquor, gold/oil, gold/coffee, gold/wheat and gold/rent charts. Gold is money first and a spec. carry trade second. It is most certainly not a religion.


caconhma's picture

Naturally, wine is a winner. You cannot drink gold.

monoloco's picture

In a flight to quality i'm taking this as an opportunity to back the truck up on Chateau d'Yquem.

Pladizow's picture

Show me the Goldschlager vs. Resveratrol chart!


margaris's picture

remember to buy PHYSICAL wine,
if you cant spit it out, you dont own it!

Ahmeexnal's picture

You should not drink wine.
Unless you want Bisphenol A to ruin you.

Matt's picture

Wine in a plastic bag is not fine wine.

Ghordius's picture

What does it take for you to make a positive comment?
"this blood on the street, not red enough..." ;-)

Ahmeexnal's picture

What does it take for you to make a positive comment?

Maybe if I drank some Kool-Aid?

But I prefer drinking real fruit juice.

tarpuranus's picture

Wine is REAL fruit juice..that's what I tell my wife

WhiteNight123129's picture

Guys there is a Processed Tobacco Index on BLoomberg which available over a long period of time 1947. You have to add farm productivity. It tracks slower inflation in the early 1990s very well as well as 2002-2003. Tobacco demand is very inelastic to price, it is not subsituable to any other soft commodity, only substituable to other very addictive substance maybe. Actually it was used in the XVII century as alternative currency in Virginia because of lack of Gold. That is a way to rebuke the bullshit about CPI-U hands down, that with the nowandthefutures index on utilities garbage collection, you have a pretty good way to debunk inflation BS. Of course if you live in the US and do your own shopping you know. The processed tobacco increase is extremely steady with lowest volatility of ANY soft commodity price (inelastic end demand and 0 substitution). Right it tells us we have 7-8% inflation.

WhiteNight123129's picture

BTW up to 1971 the processed tobacco was kind rather stable, it explosed in sync after Nixon got out of Gold window.

aldousd's picture

nobody knows what the shelf life of cocaine is, much less that of it's value, because it has a very high velocity.

SelfGov's picture

It is finally profitable to turn on my wine-into-gold machine.

Boba Fiat's picture

You people are foolish.  It only costs $5 to dig wine out of the earth. 

Alfred E. Newman's picture

well try again 1.50/per 100# of grape

Jack Napier's picture

$5 is supposedly how much it costs to mine an oz of silver. Both statements are equally ludicrous, but only one of them has the /sarc.

thunderchief's picture

South African Wines are the best.


GeneMarchbanks's picture

A Stellenbosch to you my friend!

Alfred E. Newman's picture

In your dreams, TAKE THAT BACK.

The surprise of the decade is great wines from Arizona.

Tsunami Wave's picture

In all honesty, some of the best wines you may ever taste come from the finger lakes in upstate New York.  It is that damn good.

Nobody For President's picture

He he, you make the little joke, eh.

How about 'great wines from North Dakota'?

Oh, wait - you meant 'whines', right?

jomama's picture

wash that ingot down, bitchez.

The Axe's picture

I am long single malt scotch and short Chinese internet stocks..

GeneMarchbanks's picture

Well played. Major divergence there indeed.

homer8043's picture

Wine is recommended when following the markets and news. Or at least should be.

Smithovsky's picture

Edere non potes aurum, canes.  

In vino opes.


No One's picture

and both, when used properly, can get you fucked!

gmrpeabody's picture

In more ways than one..., if used improperly.

SilverIsKing's picture

It looks like they began lacing wines with Tungsten at the start of 2011.

dereksatkinson's picture

Is the news day really that slow?

GeneMarchbanks's picture

Let's see.

Bullshit ramp... check.

Europe fixed... check.

Magic pixie dust rumor-mill... running at full capacity.

Smithovsky's picture

Keeping your wealth in wine is dangerous, especially if you have a party and the cheap stuff runs out.  

Gold wins not despite of being inedible but because of it.  

slaughterer's picture

The live-ex fine wine index, unlike gold, is basically driven by Hong Kong froth and Asian hot money.  It is an alternative way to short a Chinese hard landing.   


It's so weird, the more wine I drink, the more times I hit the buy button on Apmex. 

slewie the pi-rat's picture

when they have a wine-tasting competition, what do they award to the best?

G0LD, not goldi!

NotApplicable's picture

So, correlation does equal causation in this case?