Forever Stamps Tell Us Much

Financial Sense ^ | Fri, 31 Dec 2010 | by Peter D Schiff

[DeaconBenjamin]

The US government can also default on its obligation by repudiating its promise.

[org.whodat]

Just sell the damn post office to ups and fedex and forget about it.

[Skepolitic]

Given these stamps will always be completely liquid, the only way an investor can lose money on forever stamps is if the price of postage goes down.

Not really. The USPS could simply refuse to honor the Forever stamp in the future.

[The Sons of Liberty]

The Postal Carriers Union would never allow it.

[reg45]

Costs (wages, fuel, etc.) go up while volume of business goes down.

[edcoil]

Isn’t this the second set of forever stamps? I recall they did this two years ago as well.

[Zman516]

Clever way to jack up postal rates regularly without the usual public outrage.

[sbMKE]

Guys, forget the diamond, stamps are forever.

[gunnyg]

put it to sleep,,,

[Sunshine Sister]

Who, in their wildest dreams, would have thought this possible? Absolutely amazing!

[Fido969]

You only “save “ money if you use the thing. As long as you hold onto it, the post office is making out.

[Clint Williams]

Given these stamps will always be completely liquid

Guaranteed? What if Congress makes resale illegal?

[Dr. Bogus Pachysandra]

They’d probably change the color of the stamps, and demand “Postage Due.”

[sodpoodle]

Cogent speculation - but businesses use machines, not individual stamps. The general public only purchases stamps in volume for special mailings (Easter, Christmas & Valentines) and probably many are misplaced before the next occasion.

E-mail is taking over communications and the remaining letter writers are a dying breed. The only niche left are the philatelists.

Don’t see mass hoarding of ‘forever’ stamps - but it does make sense for the Post Office to curtail printing costs.

[RnMomof7]

I am sad at the demise of postal services.. Almost no one sends letters or cards anymore..

My little grandchildren get so excited when something comes in their name.. it is so much more significant than an e card..

But the postal service is quickly making itself irrelevant because of cost

[keats5]

Another result of this change is that people will no longer know how much it costs to mail a letter.

[KJC1]

Leave the one cent stamp alone!

[cantfindagoodscreenname]

Isn’t this the second set of forever stamps? I recall they did this two years ago as well.

I didn't realize they'd stopped making them. Shows how often I buy stamps.

[Gondring]

USPS rates have increased slower than inflation over the past 30 years. They would be a bad investment even if liquid and honored.

As some have pointed out, they aren’t even liquid. I tried to cash in some a while ago and they wouldn’t take them.

[edcoil]

Or, how stupid or short memory we have.