29th October 2008
Investors 'favouring domain names over property'
Domain name news brought to you by DescriptiveDomainNames.com
Investors who are finding the markets less than favourable amid the current economic crisis may start to shun traditional commodities.
This is the view of domain name trader Namecake, which said investing in areas such as real estate and natural resources may become less popular as a result of ongoing financial problems across the world.
However, the company does not believe people will stop investing altogether, as it is expecting them to look towards possible alternatives instead.
For example, Namecake has predicted that investors will start snapping up highly sought-after domain names as their value is likely to head upwards.
As a result, they could be a far more lucrative opportunity than traditional investments such as gold and property.
James Stafford, spokesperson for Namecake, commented: "The going rates for premium, brandable domain names are heading in only one direction and those that get on board now will secure the best chances of realising long-term profits."
Meanwhile, a study by Verisign has revealed about one in three domain names are owned by speculators, reports DomainInformer.
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