Rich People Buying “Trophy Trees” And “Enormous Crystals” For Their Mansions | ZeroHedge
Shortly after the virus pandemic struck, the Federal Reserve unleashed liquidity spigots to drive down borrowing costs and keep the economy from further collapsing. Much of the emergency bond-buying continues to this day and has greatly benefited wealthy people.
So much so that house prices are surging to stratospheric levels, along with stocks, bonds, antique cars, wine collections, and fancy artwork have also dramatically risen in price.
Over the last year, the world’s billionaires added more than $5 trillion to their wealth, with the wealthiest 2,755 people on earth amassing more than $13 trillion.
With all this newfound wealth – what are some of the wealthiest people buying besides megayachts?
Two buying trends this year are “trophy trees” and “enormous crystals.”
Those darn rich people. Buying up all the enormous crystals.