No. Dealer only records the sale with the IRS if it is over 10 Grand.
Buy in smaller amounts and only you and dealer knows anything.
BTW - pick a creative name to sign the reciept.... and tell them you live out of town.
True, but they still record the sale.
If gold is targeted for confiscation or taxation, those records will be confiscated and used by the IRS.
Gold is a commodity and the trade is regulated by the SEC.
The records that are required by the SEC can be turned over to the IRS if the IRS is granted authority to do so. And if the congress sees a buck in turning over those records to the IRS, you can bet they will do it.
Did you know that it was against federal law to purposely avoid triggering mandatory notifications of transactions? 5 years, and/or $500K is the penalty. If you go to the bank with 10K to deposit, they have to notify the feds, if you somehow connive to split it up into two deposits of 5K, you are a felon....govt is my friend.
And pay with cash?
When I’ve purchased gold or silver or collectibles, I’ve never been asked for SSn, etc., just certified $ for goods. Lots of people use a name identical to mine. The records are my own business.