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Stocks, bonds, Forex… These are some common investments that people make to create passive income. Do you know that like gold and silver, agarwood is a commodity that you can invest in? But is it worthwhile to invest in agarwood? Yes! Agarwood is a valuable investment which can turn in good profits in the long run. Here’s why: (1) Agarwood is in high demand because of its many functional uses Agarwood in its many forms, is used in different ways. For example, agarwood incense or oil are used as perfumes. Agarwood chips and powder are consumed as medicines. Large agarwood pieces and sculptures are displayed as house décor. Agarwood is also globally demanded. Many countries in the world, especially Asia, are major importers and exporters of this precious product. Taiwan imports an average of 150,000 kg of agarwood per year! With its varied uses and global reach, the demand for agarwood is enormous which drives up its price, making it a valuable investment. ------------------------------- (2) Agarwood is in low global supply Rapid urbanisation and development have led to mass deforestation globally. This has caused the loss of agarwood trees (also known as Aquilaria) worldwide. Due to deforestation, wild agarwood is especially difficult to find and procure which make it highly prized in the international market. Agarwood has become an endangered species and its trade is highly regulated by governments to conserve this precious plant. What makes agarwood even rarer is that only 7% of wild Aquilaria trees produce agarwood. ------------------------------- (3) The cultural significance of agarwood makes it a luxury item Since days past, agarwood has been used in faith-based rites and rituals. Agarwood incense is still being used today for prayers and worship. Hence, agarwood is associated with the heavens, and it is even revered as the “Wood of the Gods.” The mythical quality of agarwood makes it attractive to hobbyists and collectors. It is prized by the rich and the royal. Agarwood can be commonly seen in the churches, mansions and palaces of old. It is said that agarwood can attract good fortune! The exotic nature of agarwood has placed it in the likes of gold and diamond, luxury products which are regaled for their great value. ------------------------------- Depending on the quality and grade of the agarwood piece, each can be traded between USD 1000 to 100,000 per kg. An intricate sculpture can be exchanged for about USD 30,270. If you are looking to invest in agarwood, here’s one tip for you. To get the best out of your buck, it is important to get your stock from a reliable trader. Aloesincense is a brand that you can trust. Our agarwood products are recommended by many collectors as we are recognised for our knowledge and understanding of our stocks.
September 18 2024, 00:09:00
Zhi Wen is an inspiring expert in the field of agarwood, known for his deep proficiency and knowledge of this precious material. His expertise has enabled him to share the immense benefits of premium agarwood with a wide audience. Through his passion and dedication, Zhi Wen has developed his own premium brand of agarwood, offering a range of product levels that cater to different needs, while maintaining the highest standards of quality and authenticity.
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