Plunging tock markets have sent investors searching desperately for fresh ways to make money. The wealthy, in particular, have been pouring their cash into exotic assets such as hedge funds, art, fine wine and stamps to beat the downturn. Hugo Shaw, of Bestinvest, the independent financial adviser, says: "Some view the spare cash of the super-rich to be enough to hold up the value of luxuries, such as fine art and wines. But no seam of gold lasts for ever. A sharp recession will cause them to drop in value."
Super Rich? (Times Online)
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