Oh, crud, are we becoming THIS desperate?
I think you have the problem licked...............
It will only retain their value as long as we have a postal system. If technology makes the USPS obsolete, you will have some pretty collector’s items, that’s about it.
Makes it funny that charities are sendng free Return Address labels in exchange for a donation. Very pretty, but I don't need them.
Unlike gold, the forever stamp is only good if the US remains in existence, which is unlikely at the current rate.
Wasn't it in 1913 that congress said they'd never raise payroll taxes higher than 2%.
why not just buy less gold?
I certainly wouldn’t put my whole nest egg into forever stamps. But they seem like a good deal to me, especially if you buy them right before the price goes up. I forget when the next increase will be first first class mail, but I think it’s sometime soon. The last increase was May 12, 2008, and it’s now pretty much an annual event.
Will FDR #2 confiscate them? What contractual obligation does the Post Office have with the Forever stamps? Does the fine print allow them to back out if those stamps become economically a problem for them?
Since around 1971, the increase in stamp prices has pretty well matched the inflation rate. The 8 cents a stamp cost in 1971 is equal to 40.5 cents in 2007 (last year of this inflation calculator's data).
I just bought one, stuck it on the top right hand corner of my screen and it works with every email.
Stamps are sooooooo.....90’s.
I use less than one stamp a year.
I thought of this when they were first released. “Wow, a guarantee against inflation by the government.”
Then I realized that it was evidence the government is not planning to be around “forever”. These stamps scared me a bit.
When the “forever” stamps were first advertised I asked for two hundred of them at the local post office and was sold the flag stamps that have no price on them with assurance that they were good “forever”. An acquaintance in another city asked for 500 “forever stamps” and received the same flag stamps. Neither of us mails a lot what with email and all and were quite shocked when our letters started coming back marked “insufficient postage.” I went to the P.O. and simply asked the clerk in as cheerful a tone as I could muster what had happened? She accused me of lying and got her supervisor who ordered me out of the building lest he call the police. I had made no accusation or implied any, only asked why my letters all came back. The clerk showed me the liberty bell stamp and accused me of “disorderly conduct.” I left. I also resolved not to use USPS again except when I simply could not do anything else. I refer to pay more for FedEx and rely more on email than even I did before. The two USPS employees did not even bother to say that I was mistaken and must not have asked for “forever” stamps. They started accusing and threatening immediately. How many other places got this scam? And why would they bother? They didn’t make any money from it, only prevented me from saving a couple of dollars I thought I would save.
I got a postage paid envelope yesterday from the RNC that had one of the $.41 Liberty Bell stamps....... and a $.01 stamp as well. Guess someone didn’t get the “it’s like gold” memo.
And in eight years 1st class postage will be about $75.00. The down side is, Congress will prolly put an inheritance tax on them. (not sarcasm)
I ate $10 worth of those things and was still hungry.
The old Disney Park Hopper tickets work the same way. They never expire and they can be used by anyone, (pre-biometric tickets). As a matter of fact, if you have the old pre-hopper admission and book of 20 ride tickets, (A B C D E), you can use this for a one day admission to any of the theme parks, worth about $70, now.