I am in the process of moving some of my savings to gold but don’t want to trigger the IRS reporting or anything else for that matter. If I withdrawal $3,500 a day or a few times a week, will that cause problems? I have been saving for a while, and so it is definitely out of the ordinary for me to withdraw that kind of money frequently, however, I did tell them what I was doing, and even inquired about safety deposit boxes to store the gold I am buying.
IRS doesn’t care when you buy gold, only when you sell it. At that point, it’s treated like capital gains on any other investment.
For completeness, the IRS will care about when property is obtained, since when you sell it, the capital gains tax rate is different for short-term gains (typically less than 1 yr) and long-term gains (typically over a year). It’s just that they don’t require a report when you acquire said property (unless it’s cryptocurrency, which might require you to answer a yes/no question on your tax return that year, even when merely buying and not selling).