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Wine Glimmers Like Gold as Investors See End to Stocks Rally

  • Benchmark wine index posts first annual gain in six years
  • Chinese investors flock back to market after overstocking
A wall with bottles of wine stands at La Estacion de Oficios in El Porvenir, in the Valle de Guadalupe region of Baja California, Mexico, on Sunday, Aug. 28, 2016. Valle de Guadalupe, a burgeoning wine region, located six hundred miles south of California's Napa Valley has more than 100 wineries where most of Mexico's wines are produced.
Photographer: Guillermo Arias/Bloomberg
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A global rally in stocks is driving some investors to drink, but not in the way you might think.

Prices for fine wines have climbed to their highest levels since October 2011 on speculation that equities near record highs are poised to drop. Wines and the funds that buy them are being viewed much like gold -- as a store of value in uncertain times -- after the U.K. voted to leave the European Union and the U.S. elected Donald Trump as president.