A Hedge Against Inflation?
Forever stamps have recently caught my interest. On January 26, 2014, the price of a postage stamp will go up to 49 cents from 46 cents:
That means a forever stamp purchased today will cost an additional three cents more in about three weeks. Years ago, people started to notice that purchasing forever stamps prior to a rate increase might hedge against inflation:
As this article mentions, others think it's for "wackos". Of course, the fiscal health of the USPS is another consideration. Here are some other articles on Forever stamps:
None of this is intended as financial advice or guidance. Here we have a collection of articles with varying opinions on something as seemingly uncontroversial as a postage stamp. In a lot of ways, it gets to the root of a lot of economic issues such as the time value of money and so on. Until next time, catch me in the library.
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