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.
As others already said, avoiding reporting is considered a crime, regardless of whether what you do with the money is or isn’t a crime itself.
If there’s a reason for the withdrawals (e.g. the seller puts a quota on how much you can buy daily/weekly) that’s legitimate, but splitting the transactions of your own accord could carry aditional headaches as opposed to filling out the report.
Although, I’d recommend using a direct credit transfer as that’s more traceable so you’ll be safer. Firstly if the IRS sends someone to inquire they’ll have a trail if the money, and secondly if anything happens with the gold/seller you’ll also have evidence to back up your claims.