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Magic Carpet Ride » 2008» November

Archive for November, 2008

Where to Invest?

Monday, November 17th, 2008

While the stock markets go up and down depending on what time you look, we know Persian rugs are gaining in value everyday. This isn’t the type of investment that you can buy low and sell high, but, we believe there is value today for these rugs which will see price increases in the future.

Supply in Iran isn’t as plentiful these days, especially nicer qaulity older pieces. Although the economy (locally or globally), is suffering right now, demand for quality rugs is always there when you’re ready to buy.

We know this process is long sometimes. On average, wholesale costs are rising on importing Persian rugs. If you’re interested, we’d suggest buying soon before those increases get passed on to you.