Outrageous shipping and handling fee

One topic that is ever-popular in online discussion groups is outrageous shipping and handling fees. Reuters blogger Felix Salmon recently described a transaction in which the shipping and handling fees alone are expected to be $400,000,00.

Hugo Chávez intends to ship 211 tons of physical gold from London to Caracas Venezuala. The bullion value is $12,300,000,000. Shipping and insurance will not be cheap.

... my gut feeling is that Venezuela would be do well to get away with paying 3.3% of the total value of the gold in total expenses...

Always look at the shipping fees before purchasing, Dictator Chávez.