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.
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).