Luxury Magazine Robb Report has launched its own fund.
The theory is that luxury goods are nearly inflation proof. What billionaire is going to stop buying the latest Gulfstream or Bentley, just because they dropped a few million playing Baccarat?
If you believe that theory, then there is an Exchange Traded Fund just for you from Claymore Securities and Robb Report.
Caution: if you invest in ROB, immigration may visit your Villa to deport your staff, and you may lose money.