Until recently, cask whisky was difficult to purchase. So, unlike equities and bonds, it’s not a ‘crowded trade’. Buying tangible assets gives you more financial security as products can’t go bust like organisations can. It makes buying a cask of whisky a much more attractive option.

Casks are the industry name for a wooden barrel. Casks are sourced from the US and made from American oak, where they have previously been used to age Bourbon whiskey. Scotch Whisky doesn’t like to mature in newly made casks as it takes on too much flavour from the wood. Bourbon, however, prefers newly made casks.

Casks can be described as ‘first fill’ or ‘refill’. An American whiskey cask that is being used to mature Scotch for the first time is referred to as ‘first fill’. It becomes a ‘refill’ cask when used for a second or subsequent time.