Topic: The investment value of the forever stamp (Read 3759 times)

I guess I haven't looked at a stamp lately, I thought they were pretty much stickers. And there are so many kinds as opposed to the FRN and the scrutiny must be minimal when you just use them regularly. I'm thinking that the main thing is that moving 100k in FRNs is a lot easier to do without raising suspicion than 100k worth of stamps. I mean I could just eat for 9 years and the FRNs would be used up, but I'm never ever in my life going to use that many stamps. So maybe it makes sense to focus a lot more on making the dollar harder to copy than the stamp. And I'm not saying it would be trivial to counterfeit stamps, I don't have a bit of knowledge about the security features.

Stamp counterfeiting, at least for U.S. Postage within America, can be prosecuted under similar or the same laws as counterfeiting currency.  It is a dangerous game so far trying to play that game, and puts you directly under the jurisdiction of the U.S. Secret Service.

Stamps are also made with security considerations, including things that don't normally get publicized as well, so I don't think it is nearly as easy as you would think.  If something seems a little off, it would be noticed.  Also, most people are not used to buying stamps from ordinary people or from a random stranger like at a flea market.  If they aren't sold at a post office, they are usually sold at a brick and mortar retail store that has a reputation to keep up, where they won't be selling stamps except from a distribution chain that ends up coming from the USPS.

If you are selling to the philatelic community, expect even more scrutiny than had you been selling the stamps to a secret service agent directly.  Good luck with that one, where a counterfeit stamp would be rooted out so quick that it would make your head spin... at least for some schmuck that doesn't care about stamps.  You might get away with it, but I think you would find it easier to simply counterfeit a FRN if that was your goal.  Or more significantly, simply buy a bunch of GPUs and start mining bitcoins instead... you'll be money ahead by doing that.

What is being done for postal counterfeiting is mainly with "exotic foreign countries" of some sort or another and trying to pass them off as the genuine thing outside of that country.  Again, this is a pointless exercise, and you would be better advised to deal with a micronation like the Hutt River Province or Sealand and simply make it "official postage" if you want to go through that sort of effort.  That sort of is the point where the cost of making the postage is presumed to be nearly the same as its face value, except when made in large volume.  Perhaps a good home printer can make some stamps that you might pass off to somebody else, but is it worth the effort?

They do seem rather vulnerable to me. What is the hard part exactly?

ha! Soon we'll be hearing about stamps counterfeiting...

Haha, ridiculous, especially the Canadian one.

http://www.usps.com/communications/five-daydelivery/welcome.htm

http://www.startribune.com/local/east/112799879.html
http://blog.al.com/breaking/2010/12/former_postal_worker_accused_o.html
http://coloradocommunitynewspapers.com/articles/2010/12/14/highlands_ranch_herald/news/16_cm_thefts_hr.txt
http://www.ottawacitizen.com/health/Canada+Post+employee+charged+over+missing+discarded+mail+Gatineau/4037844/story.html

I think it is guaranteed to go down, I just don't know the timeline. Weather it drops only in real terms or in nominal too, I dunno.

Well, yes.  That's the core of the article.

I did, and I agree with pretty much everything but the conclusion.

Yes, the USPS will get bailed out maybe multiple times, eventually the dollar dies and the US gov leaves the scene. Bailouts aren't magic, every one sacrifices some of the length of dollar rule, it is hard to know how much. But long before that, Saturday mail will disappear, then maybe Wednesday, who knows. Theft of packages will become common, etc.

If he just means forever stamps are better than holding dollars then fine, but the dollar is a pretty low benchmark.

You didn't really read the article before posting, did you?

Two can play at that game!

Booklet of 10 Canada Permanent Stamps
http://www.bitcoingadgets.com/index.php?main_page=product_info&cPath=13&products_id=36

Forever stamps have the same effect as the home buyer credit did. People won't mail more, they just pay now instead of later. The USPS gets to spend money from the future now. This is a particularly great deal if they go out of business and get to spend revenue they never would have made otherwise. Peak mail has come and gone imo.

BOOKLET OF 20 USA FOREVER FIRST-CLASS LETTER STAMPS
http://www.biddingpond.com/item.php?id=200

True, but the point of the article is that so long as the USPS is still selling forever stamps in an inflationary environment, they are a better store of value, and perhaps more liquid, than the US government's debt.

Forever stamps are pretty much the worst idea ever, they are the epitome of all that is wrong with America - instant gratification with no thought of the future.

There can be no such thing as a forever stamp.

At some point they will need the money, so they'll just limit the supply of those "forever" stamps.

People will still have no choice but buying normal inflationnary stamps.

IMO

Lol!

I should put some 'Canada permanent stamps' on Bitcoin Gadgets.

http://www.financialsense.com/contributors/peter-schiff/forever-stamps-tell-us-much

Here's an idea, selling postage stamps for bitcoin.