How To Avoid Being Scammed

[@jeremyfargeot7145]

Hi, you are completely right but in my case for example: I am a French resident so I need a representative to own a cask, this is why I called cask trade. Do you agree with this? Thanks a lot

[@MarkLittler]

Well this might be somewhat of a diversion. Is the cask held in your name at the warehouse or do you have a delivery order? Unless it is held in your name at the warehouse (i.e. you have a delivery order) then you do not need a duty rep as the company who owns the cask is the owner, lol.

[@jeremyfargeot7145]

@@MarkLittler my non revenue trader contract allow me to have a registration in a bonded warehouse (to transfert in an other for example ) that l desire if I can justify I have an account in a warehouse. This is the way to have the entire ownership if I understand? Good evening

[@kaileez92]

Hello, where do I look to start investing in a cask of whiskey? Should I go directly to distilleries or via an investment platform? I’m new to it all and would like to invest this year.

[@CzarnyM]

Just write to mark

[@jamesmilford2011]

Hi Mark, thanks for posting this topical video, can I ask in your opinion what would be considered as proof of naming rights? Email from broker…letter from the distillery on that cask…? Be good to know what you’d need to save for the eventually of selling a cask.

[@DonnerPassWhisky]

So much of this whole cask investment business seems to be overrun with scammers. Was in Ireland and Scotland in 2022 and saw lots of people in Whisky bars and distilleries who were talking about the casks they were buying. None of these people were Whisky nerds, rather they were well off folks from the US who had primarily come to play Golf and buying a cask sounded like a fun trendy investment.

[@MarkLittler]

Agreed - it's overun with people looking to exploit the industry. It's quite worrying when the Police are executing search warrants: mipp.police.uk/operation/4801020124P54-PO1#:~:text=OP%20GAMBOGE,and%20staff%20under%20police%20caution.

[@aaabbbccc543]

buying a cask isn't worth it... once you add up all the costs.... your paying $100 plus for a bottle nobody will never hear of . you can go buy a well known 12 year for under $70

[@MarkLittler]

I would argue that it is - BUT - like I say, you have to be able to add 10-18 years of age into the cask. If you bought a 6 year old cask for say £5k and then let it mature until 18 it will likely offer a good return. Again, my experience is from helping peopl exit their cask investments. The problem is very few people are fully aware just how long they need to keep their investment for.

[@aaabbbccc543]

@@MarkLittler agree, you need to wait years for it to become valuable, bu who's gonna pay $ 200 for a 18 year old bottle from " mark iavelli estate" lol . ahh, was looking at the Tomatin 36 and 40 year... cant find one review on the 40,, is it much different than the 36 year?