Oh, I’ve got the same goals as you, Hobie! Definitely aligned there.
Thanks for the explanation, it’s interesting. So if I understood you correctly, this would be a non-retirement account investment, and in this hypothetical situation, one would store the gold oneself, and sell in <$10K increments to an in-town dealer, who should theoretically have no incentive to report anything.
Hopefully this behavior doesn't get one flagged as a money launderer or terrorist...
http://www.irs.gov/businesses/small/article/0,,id=154465,00.html