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.

  • ooterness@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    5 days ago

    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.