Have you ever been into a Cash 4 Gold kind of store? They're not exactly in the business of asking a bunch of questions. Plus, lots of people buy gold as a wealth storage method and some people do home scrap reclamation from electronics so it's not totally crazy for someone to just have a chunk of gold. As long as you're selling small enough quantities (a few grams at a time, at different stores so it looks less suspicious) nobody would ever bat an eye. If you came in every week selling 1 gram bits of gold then maybe the store might start asking questions but for small quantities every so often? Nobody will care. Just keep the total value under like $1000 per transaction and you're fine.
What would happen if he just said to the shop that he inherited it after his dad's death? I'm mean, they are not the ones doing the IRS/tax work anyways right?
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u/WeBelieveIn4 19d ago
They don’t ask how you just happen to have a chunk of gold?