Forever Stamp

Discussion in 'Markets & Economies' started by chimpanchu, Jan 14, 2011.

  1. chimpanchu

    chimpanchu New Member

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    Here's an except from Greg Mccoach's Mining Speculator Jan 2011 issue:

    As always Peter Schiff is making too much sense.

    USPS is so desperate for cash they essentially enticing people to buy "future" postal delivery today! So they can get the proceed of FUTURE sales and spend them TODAY.
    This is USPS making the LAST push for a quick cash... this is like a heroin addict taking one LAST big injection before they die!

    Read more about Forever Stamp (just the name sounds like a big joke).

    http://foreverstamps.com/
     
    chimpanchu, Jan 14, 2011
    #1
  2. Randomz

    Randomz New Member

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    That is so stupid it's actually sad.
     
    Randomz, Jan 14, 2011
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  3. chimpanchu

    chimpanchu New Member

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    US treasury will have to add another name under their "to be bailed out" list: USPS.
     
    chimpanchu, Jan 14, 2011
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  4. Welcome_Stranger

    Welcome_Stranger New Member

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    Shame - I thought it was going to be a stamp for when you want to mail something far far away:D

    ws
     
    Welcome_Stranger, Jan 14, 2011
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  5. goldpelican

    goldpelican Administrator Staff Member

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    USPS had been selling forever stamps for years and years. People could have stocked up in 1980 for 18c and still been mailing today.

    Remember that "regular" letter sized mail is diminishing in many countries - this won't affect postage for parcels etc, which is where post offices are seeing increased volumes.

    Most businesses using franking machines etc - only consumers who stock up will benefit from this.
     
    goldpelican, Jan 14, 2011
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  6. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Wish AusPost would offer "forever" stamps.

    You could have made a quick 9% on your investment when they jacked the rate up from 55c to 60c last year.
     
    Big A.D., Jan 14, 2011
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  7. Mark

    Mark New Member

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    I'm curious.... i don't send regular mail very often, but what stops people from counterfeiting stamps on a home printer?
     
    Mark, Jan 14, 2011
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  8. chimpanchu

    chimpanchu New Member

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    No one going to bother counterfeiting 50c worth of stamps.

    Besides printing on envelop is not as easy as printing on A4 paper.
     
    chimpanchu, Jan 14, 2011
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  9. Mark

    Mark New Member

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    yeah your right... that value of the stamp is to small to bother with... but then again... people have done stupider things lol
     
    Mark, Jan 14, 2011
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  10. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    UK has being doing this for at least 15 years. I much prefer this system than having to go out and by extra 1 and 2 cent crappy stamps every time they change it.
     
    Captain Kookaburra, Jan 14, 2011
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  11. goldpelican

    goldpelican Administrator Staff Member

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    Stamps have anti-counterfeiting measures built in - things like UV ink that an "electronic eye" detects etc. Actually quite sophisticated. A photocopied stamp won't cut it, and would probably lead to a knock on the senders door from some interested authorities...
     
    goldpelican, Jan 14, 2011
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  12. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    ... and if you pee in a pool the water will turn purple! :)
     
    Captain Kookaburra, Jan 14, 2011
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  13. Mark

    Mark New Member

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    5 years in jail, in a cell with bubba... all over a 50c stamp... bugga that... oops... i mean....
     
    Mark, Jan 14, 2011
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  14. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    Chimp usually a fan of your posts like the write up you did on the gold conference etc but seriously didn't need you to spell out the earlier alluded to jail time fun :p
     
    Smoothcriminal, Jan 14, 2011
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  15. chimpanchu

    chimpanchu New Member

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    Sorry mate, can't resist the joke. :p
     
    chimpanchu, Jan 14, 2011
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  16. goldpelican

    goldpelican Administrator Staff Member

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    Yeah that was a bit over the line.
     
    goldpelican, Jan 14, 2011
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  17. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

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    Gold Kiwi, Jan 15, 2011
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