PRLog - Jan. 25, 2012 - Boston, MA, USA -- Stamp collecting is becoming increasingly popular as a money-making hobby and can actually prove profitable in these economic times, claims Alternative Asset Analysis (AAA).
The statement from the alternative investment advocacy group follows the announcement of solid profits at a UK-based stamp dealer, Stanley Gibbons. The firm expects its profits to rise to £5 million this year as a growing number of investors put their cash into tangible, alternative asset classes, such as stamps, antiques, art, wine, precious metals, real estate and timber.
The chief executive of Stanley Gibbons, Michael Hall, said, "We have had people calling up from all over the world saying they want to put £1m into stamps, asking us to advise them.”
AAA claims that the recent sale of the largest stamp collection in the world for some £20 million last year proves that there is money in stamps. “If anyone had any doubt, just look at Sir Humphrey Cripp’s collection,”
Some of the rarest stamps are among the most valuable things on the planet, including the 1855 Treskilling Yellow, which weighs just 0.03 grams and is worth £5 million. Its rarity is based around the fact that its yellow colour was actually a mistake and it should actually have been green. Sir Humphrey’s collection also had a number of Penny Blue stamps, which are among the rarest in the stamp world.
Anthony Johnson explained that people are increasingly looking for alternative assets in which to invest, as a result of the volatility of traditional assets, and in particular stocks an shares.
AAA supports a range of alternative asset classes, not least forestry investment through firms like Greenwood Management, which specialises in forestry plantation investments in Brazil.
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
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