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Move Your Assets Cheaply – How The Rich Stay Rich With Registered Mail
As an educated precious metals investor, I am often asked about my methods of securing such profitable items. Specifically, those who approach me are interested in how I do business with a product (precious metals) that can be easily stolen and melted down. In the old days, a lockbox, stage chairs and armed guards weren’t enough. Nowadays, hiring an armored truck is an expensive option reserved for businesses or the filthy rich. Of course I have to spend a fortune transporting gold and silver coins across the country.
What I tell them has a response that I always like to see. I shake my head and say, “Actually I ship my gold and silver the same way the Hope Diamond was shipped.” This is the diamond worth over 200 million dollars. Seriously. Then, of course, I spend the next few minutes explaining how the Hope Diamond was donated and shipped from New York City to Washington, DC in 1958. The total shipping charge was $145.29 and only $2.44 was for postage, the rest it was for insurance.
Of course, that was over 50 years ago, but the reality is that this method of transportation is still available. And available to everyone. Few people seem to realize that they have access to such a safe form of transportation.
Where is it available? Your local post office. That’s right, the Hope Diamond was sent by registered mail from the United States Postal Service. Registered mail is one of the most secure shipping methods available to the public, yet only a handful of people know much about it.
This is what brings me here, writing this article to share my method. It’s not really a secret, it just seems to have been lost as general knowledge over the years. The postal service has been around for over 200 years. They have developed a time-tested method for transporting items safely. Registered mail implements a chain of custody that requires an act of God to break without anyone knowing who broke it. For starters, shipped items are protected by safes, cages, locked containers, locks and keys. It’s easy to complain about the rising price of stamps, but the USPS has a monopoly on providing safe, secure, and insured shipping.
Honestly, I’m more shy to the people around me in line than I am when I drop off my box of gold and silver coins at the post office. I have shipped hundreds of boxes of precious metals over the years and have yet to be disappointed. Registered mail sometimes costs more than standard shipping, but that’s because of the added responsibility at every step. Everyone, and I mean everyone, that comes into contact with my box of precious metals is documented and accounted for.
The cost is minimal for the service provided. Still, it would be nice to tell people I have a private armored truck or mob connections that make me invulnerable. The only reason I can think of why more people don’t know the registered mail secret is because it’s a steal of a deal. If everyone started using it, I doubt the Postal Service could continue without a loss.
It’s not my problem though, so the secret is out. I have been buying and selling precious metals for years: mostly gold and silver coins, in bulk. It’s an empowering feeling to open a simple cardboard box and discover the shiny treasure inside. My precious metals retirement account makes me rich in the long run, but it doesn’t let me see my treasure until I retire. I think the feeling of opening a treasure box is what keeps me in this business.
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