It's happening with double chests for me.
After entering and exiting the gui, it will occasionally flash to the translucent state.
Same happens with Lingering Potions
Tried to replicate this and I found that fences of all types, fence gates of all types, cobble and mossy cobble walls, and cactus are affected by this bug as well.
Turn on VBO's in the video settings, and make sure your graphics card drivers are updated.