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If you bought Forever Stamps forever ago, you're getting a good return

The price of stamps has gone up 3 cents.

It now costs 49 cents to send a letter. The price of stamps went up another 3 cents on Sunday, meaning that if you've been hoarding Forever stamps since forever ago, you've made a pretty good return. At least, that's what Allan Sloan, Fortune Magazine's senior editor-at-large, thinks. To listen to Sloan praise the virtues of the exotic financial instrument known as the postage stamp, click the audio player above.

About the author

Allan Sloan is a senior editor-at-large for Fortune magazine.
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There was a sort of tongue-in-cheek-ness to this story, overlooking the fact that big retailers such as Staples and Office Depot and hundreds of supermarkets sell large quantities of postage stamps at face value. If these retailers bought the inventory prior to the price increase, which they certainly did, they made this ROI. In dollars, the ROI for an individual who inventories a few books of stamps is immaterial, but for these retailers and their large inventories of postage stamps, the ROI in dollars is quite significant.

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