About 9 months ago, institutional offices managing billionaire money started showing up at car auctions at unprecedented levels. Walking away with hypercars their clients never expected to drive.
Why? Because they view hypercars as a store of wealth.
So demand is way up. With no adjustment in supply. Throw in a devaluing dollar and wars, and we have a recipe for a significant inflationary event in alternative assets.
Exotic cars. Luxury timepieces. Handbags. Art.
These are now an asset class far more attractive than traditional assets.
Higher liquidity than real estate.
Much less paperwork.
Faster returns than equities.
And you actually get to experience them.
I'm seeing it in the watch market. Same with my partners in art and handbags. Money is flowing into alternative assets at unprecedented levels. This will create serious opportunities between now and the Fall.
You don't want to follow the money. You want to get ahead of where the money is flowing.
And in a devalued dollar state, sitting money is dead money.
What alternative asset are you watching right now?
Billionaires are buying hypercars they'll never drive.
By ERICH WOLTERS