Yes, you can legally buy and own any amount of physical gold in the United States. Since the lifting of the federal ban in 1975, individuals can purchase gold in various forms—such as coins, bars, and bullion—without government caps on quantity. Buying Gold: Privacy & Reporting

Purchasing gold is generally a private transaction that does not require reporting to the IRS by the buyer. Can I Buy & Sell Gold Without Paying Taxes? [IRS Reporting]

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