There are very few investments that can earn you a sure 10% profit in one year. But what about one that will earn you 10% in just 10 days? That’s not just wishful thinking. It is a certainty that the cost of “forever” U.S. postage stamps will increase in cost by 10% on January 27, 2019. The cost of a First Class Forever Stamp will go up from 50 Cents to 55 Cents. This is one of the largest rate increases in the history of the USPS. (The largest in Dollar terms and one of the largest, in percentage terms.)
I am recommending that all SurvivalBlog readers who live in the U.S. and U.S. Possessions stock up on Forever Stamps, as soon as possible. There are likely to be shortages of these stamps as soon as January 21st, 2019.
Who Should Buy Them?
All Americans should buy a two or three year supply for their general correspondence. And anyone who runs a mailorder business and that ships their small packages via U.S. mail should consider buying and even larger supply.
Reader Chris M. in alerting us to this news, noted:
“On the one hand: you are far better off (financially) sending e-mail/text messages/phone calls rather than paying the Post Office to deliver letters for you. On the other hand, as there are times when mailing a letter presents a great value: sending in 10 Cent Challenge to Survival Blog, mailing someone a note of appreciation, mailing small packages, etc.
With this upcoming increase, consider acquiring several years’ worth of stamps now. The Forever Stamps you buy now will continue to increase in value with subsequent postage rate increases.
A note for those who commonly send 2-ounce letters: the price for an additional-ounce is decreasing from $0.21 to $0.15. Additional ounces are not a “non-denominated forever-style” stamp and you need the exact value for those stamps. The Post Office has not yet released any $0.15 stamps, so if you want to have additional-ounce stamps on hand you’ll need to buy $0.10’s and $0.05’s. Of course, the Post Office would be happy if you instead chose to continue using $0.21 additional-ounce stamps.”
A Key Proviso
Keep in mind that the U.S. Postal service DOES NOT buy back stamps, even in sealed packages, ostensibly because of hygiene reasons. And the secondary market for stamps is always discounted. So Forever Stamps are not a “buy and re-sell” proposition. They are strictly a hedge on inflation. Never buy more than you can eventually use. – JWR