All that glitters isn't gold, some of it is wine
(Reuters) - Like gold, top wines are highly prized, represent wealth and are selling near their historical highs.
Prices of the five premier cru Bordeaux -- Chateaux Lafite Rothschild, Haut-Brion, Margaux, Latour and Mouton-Rothschild, and the grand crus of Burgundy, particularly Romanee-Conti, are at or above 2007 levels.
"During times of economic stress and worry, buyers look to safe investments and gold is seen as a defensive strategy. It's tangible, has intrinsic value and is a good diversifier ... The same can be said for the top growth Bordeaux and for the same reasons," said Jennifer Simonetti-Bryan, an independent wine consultant.