Despite the economic turmoil of the past 9 months, Brits are saving more than they were this time last year. On average we’re now stashing 6.83% of our income up from 6.35%. In real terms this means the average savings have increased from £17,372 to £18,443.
However, with interest rates at their lowest rate since 1955, the 47% of people who are saving regularly face increased confusion about where to invest their savings.
For the risk adverse, stocks and property have lost their appeal driving the market for alternative commodities and as such there’s been a significant increase in the popularity of fine wine, art, precious metals, coins, books, antiques and even classic cars.
Are alternative investments a good investment?