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.
AS they say, I’m just a poor boy, I could never come up with 10K in cash to buy metal. I take a few bucks from each paycheck and buy a few dimes or halfs....
Drug dealers OTOH, may have that kind of cash to throw around, I sure as heck don’t.
Lots of misconceptions on that. The 10k reporting requirement refers to CASH. Write a check, paid by check, no problem. Yes, there’s a record of that, which is why the reporting requirements for cash itself.