Possible Federal Reserve failure mentioned on CNBC

[heybales219]

Rondaben...you're advise is greatly appreciated. I have a few other unsecured personal loans (the kind you can just keep refinancing to get money when you need so it never goes away!!!) which have me stuck in a rut. I'm trying my best not to re-fi them again so I can get them paid off quickly, which would free up more money.

I know the IRS does settlements, but doesn't it all have to be paid at once if they do a settlement or can it be paid over a period of time too? (Not sure if you'd know, but asking just in case). I would love to make it go away it's also kind of nice making small monthly payments which are 1/3 to 1/4 less than what would have been deducted from my paychecks in the course of a month.

:praying that Father will help me devise a plan I can stick to, complete and allow me to store up things I may need in the near future to survive whatever may come our way.

[Legacy]

I have a question about gold. I know someone that has quite a bit (not sure how much that REALLY is), but they don't have it in their hand...just the certificates. We told them they needed to have it in hand as the certificates are just paper. Are we correct in saying this? They say that the gold is with a "good Christian company" but that really doesn't mean anything anymore. We've personally been *****ed out of more money in the last year by "good Christian companies" than I have the heart to say. What's the best way/argument for getting this person to get the gold in hand? Or are certificates fine?

Thanks! :hug

[Rondaben]

I have a question about gold. I know someone that has quite a bit (not sure how much that REALLY is), but they don't have it in their hand...just the certificates. We told them they needed to have it in hand as the certificates are just paper. Are we correct in saying this? They say that the gold is with a "good Christian company" but that really doesn't mean anything anymore. We've personally been *****ed out of more money in the last year by "good Christian companies" than I have the heart to say. What's the best way/argument for getting this person to get the gold in hand? Or are certificates fine?

Thanks! :hug

Ask them if there were only one bag of food left in a store that they owned that the were willing to sell/trade for.

Would they take gold or a gold certificate? Gold, of course. A certificate is nothing more than a promise to give you the gold when you ask for it. Same as the US dollar--it is a promise that you can exchange it for goods of like value. Promises aren't worth anything when you are talking about getting food for your family.

[Rondaben]

I know the IRS does settlements, but doesn't it all have to be paid at once if they do a settlement or can it be paid over a period of time too? (Not sure if you'd know, but asking just in case). I would love to make it go away it's also kind of nice making small monthly payments which are 1/3 to 1/4 less than what would have been deducted from my paychecks in the course of a month.


I don't know quite honestly. I think that it is all negotiable. You will probably need an attorney, however.

[Legacy]

Rondaben-- Thank you so much for ALL of your advice on this thread! I really appreciate it...as I'm sure many others do as well.

May God bless you greatly in our upcoming struggles! :hug