: This must be filed by the dealer if you pay with more than $10,000 in cash or cash equivalents like money orders or traveler's checks.
: Documents for a bank transfer, wire, or personal check are recommended to avoid triggering cash-specific reporting requirements. IRS Reporting (Dealer's Paperwork) buy a pound of gold
This is a standard anti-money laundering report and does not mean the purchase is illegal. : This must be filed by the dealer
: Using a wire transfer or personal check generally does not trigger this form. "Paper Gold" vs. Physical Gold buy a pound of gold
: Easier to trade and doesn't require physical storage or high insurance costs.